OIL SVC HOLDERS TR DEP RECEIPT(REP OIL SVC HLD (AMEX:OIH)
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Oil is one of the few things driving inflation these days. There will be more inflation in the future, but not for awhile.
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Never bought oil or gas stock winner (ok once that worked)
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I am long all things that have to do with energy. I am also really trying to get more into sector etfs.
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at top of descending channel
http://www.finviz.com/quote.ashx?t=oih
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Result of quantitative screen, version B.
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Strong fundamentals for the next decade. buying at depressed value. May go (much) lower short term, but future looks bright.
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Oversold
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As usual when a perfect wave occurs everything looks dark. But we still need oil and if doubling of safety procedures will actually increase profits of many companies and we will just have to pay more and guarantee those profits.
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Throwing darts at this point!!!
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Oil service outfits make up this ETF.
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supply squeeze in the making in Oil Services, Research & Exploration
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Generally bearish on commodities. I expect the US Gov't won't be able to increase the money supply adequately to account for the tremendous loss of credit-based purchasing power. A reduction in the real money supply (including credit) will reduce economic demand and drive prices down. Commodities should correlate more with the dropping prices than companies of the S&P who have more to offer than just a particular asset. This should equal points in CAPS.
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$25 oil coming? Maybe. Inflation coming back? Definitely!! A 50% move in oil from these levels will bring oil back to less than $65 a barrel. Does anyone really think oil is going to stay under $65 a barrel for very long?
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Valuation of OIH's holdings at this time.
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As Saudi Arabi and Russia, the worlds two largest suppliers of oil, continue to say they are at maximum output. We have to ask the question, what does higher prices in oil mean. The thing about oil is that when demand gets tight for oil, demand gets tight for all other commodities: food, metals, woods. It is oil that runs the machines. So the short supply of oil means an increase of all commodity prices relative to the demand for the commodities.
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Oil services are being lifted primarily on the supply constraints - new production being brought online are no longer compensating for the declines in oil production from mature fields (classic example is Mexico's Cantarell) - witness crude oil production having stagnated since 2005.
Supply constraints will drive higher prices, given that there's little progress in alternative energy sources, especially for transportation. Look for this trend to be mitigated once viable alternatives (such as broad adoption of electric cars) are available.
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oil is heading higher; everytime I bet against it I lose....take the oih!
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In a time of record profits for oil companies...
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