Kevin334

[Kevin334 @Kevinzzzr]

@Luther97777506 @HFI_Research Because, unfortunately, the IEA numbers move markets. The generalist investor bases his decisions on IEA headlines.

[Kevin334 @Kevinzzzr]

@vain1110643 @charliebilello Don't forget narrative, which is a massive factor in the oil market.

[Kevin334 @Kevinzzzr]

@zethuscap It's also partly due to the tariff threat, which could quite conceivably remain an overhang for the entire 4 years of the Trump administration.

[Kevin334 @Kevinzzzr]

@staunovo Rhetoric and reality are 2 very different things.

[Kevin334 @Kevinzzzr]

@ericnuttall The market simply doesn't care about declining inventories. It only cares about OPEC spare capacity, which is at all time high levels. OPEC desperately needs to start adding barrels back as scheduled in april for WTI to rise above the $70 range.

[Kevin334 @Kevinzzzr]

@ZmansEnrgyBrain WTI will not rise above the $70 range until spare capacity is reduced. They need to start adding barrels as scheduled in april.

[Kevin334 @Kevinzzzr]

@HFI_Research Even if true, there's no way the EIA is gonna print an 11M barrel draw. The EIA/API delta is about to get even wider.

[Kevin334 @Kevinzzzr]

@ericnuttall Valuations in some names may indeed already be discounting a full tariff, but you can bet your bottom dollar that, if the tariffs are enacted, these stocks will still get mercilessly slaughtered beyond reason.

[Kevin334 @Kevinzzzr]

@HFI_Research API vs EIA crude running error near an all-time high. It's almost as if the EIA doesn't realize the election is over. Memo to EIA: your precious democrats lost, so you can stop cooking the books now.

[Kevin334 @Kevinzzzr]

@staunovo It just doesn't matter. OPEC spare capacity is the main determinant of oil price presently. WTI has no chance of rising above $70 until spare capacity is reduced.

[Kevin334 @Kevinzzzr]

@MPelletierCIO I really wish WTI wasn't up a buck today, because on monday, when it inevitably goes down $1 back to $70, my energy stocks will respond by losing 4% each. Lord help us if WTI goes back to $67.

[Kevin334 @Kevinzzzr]

@anasalhajji @BloombergNRG I refer to them as DOOMBERG

[Kevin334 @Kevinzzzr]

@chigrl Translation: "please Israel, don't bomb our export terminals. We'll accept sanctions, just don't destroy our oil infrastructure". Iran must think the Israeli bombing is a very real possibility for them to say something like this.

[Kevin334 @Kevinzzzr]

@HFI_Research WTI $68 seems to be the technical line in the sand, and likely stays here for a long time. Not quite low enough to disincentivize shale, they will continue to pump full tilt like theres no tomorrow. We're fucked.

[Kevin334 @Kevinzzzr]

@anasalhajji What gives Israel the best bang for their buck as far as hurting Iran financially: bombing oil depots and export terminals, or trying to somehow dismantle the entire drug chain of Iran?

[Kevin334 @Kevinzzzr]

@NuggetCapital You seriously think this is the end of Israels bombing of Iran? The article is simply more Bidenspeak in order to keep oil prices in check until nov 5.

[Kevin334 @Kevinzzzr]

@HFI_Research I will never, EVER again invest in oil stocks during the 6 or so months leading up to a USA presidential election. NEVER again.

[Kevin334 @Kevinzzzr]

@HummlerJohn1 @HFI_Research Iran didn't have to do that until nov 5, as their oil facilities are absolutely untouchable until after that date.

[Kevin334 @Kevinzzzr]

@ericnuttall That will be good for a temporary increase in WTI, but the Harris/Biden trading desk will just short it back down to $70, and instruct their press outlets like bloomberg to print more negative stories about oil. Oil ain't going anywhere until AFTER the election.

[Kevin334 @Kevinzzzr]

@joshyoung So when is this global E&D deficiency going to result in higher oil prices? As you said, we've been waiting for 10 years now, with no endgame even remotely in sight.