oil up 3.5% dow up 110 pts, page-5

I think the fundamentals are taking a backseat right now.

The traders are in control and are shorting it. Some other investors/traders are saying don't stand in front of a train. I imagine their reasoning would be the break down of the $1.25 'resistance base' and the sector wide rout which is being pushed by speculated lack of funding and takeover talk turning to whispers.

Its the fear and greed. And right now BOW is being driven by fear.

It probably would have been a good idea to listen to the market and drop some on the way down. Trouble is that strategy hasn't worked so well in the past.

We need good commercial flow rates and some offtake agreements along with joint ventures on pipelines to cement the value here.

Will we see sub $1.00? Possible??

Mr D holds.