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High Viscosity

Published 11/29/2016, 11:34 AM
Updated 07/09/2023, 06:31 AM

As many energy shorts as I’ve got going (AMP, APC, DVN and EGN), I’m keeping everything I’ve got two of crossed for good luck, since the big OPEC announcement is tomorrow morning. The past several days of trading don’t exactly express confidence in all these fine gentlemen voluntarily sacrificing oil revenue for the greater good of the cartel. I suspect there will be some new rumor any moment now, in a desperate bid to keep this charade going just one more day.

Crude Oil

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