the oiler markets gone mad ..., page-5

My 2 cents worth is that the junior end of the oil market is having a great deal of new money put into it.

People see the price of oil going up, and are going 'got to get me some of that' ... but they arent neccessarily buying good oilers.

As well, with the junior oil sector being as volatile as it is, chartists and momentum traders are zeroing in on it.

I believe the net effect is that oilers will tend to react better to news than they have in the past, but volatility will be high.

Ian Whitchurch