AgreedWavelet wrote: ↑Aug 18th, 2017 1:35 pmCalling WCS/WTI not supportive must be some sort of joke. The differential has not been this narrow since June of 2015 and (before that) in 2012. This time last year, the differential was 18, and right now it's 11.8. That it's come up a bit from 9.7 in April just takes it from absurdly low to very low.
Today, oil is up almost 3% (I'd like to pretend it was the supportive rig count, but the move up was well underway before it came out) and the Canadian oil producers are all dead money. You should just accept that, until the market starts running on fundamentals again (and no one can say precisely when that will be, just that it will eventually happen) you're better off buying a chart and looking at voodoo like technicals than trying to make sense of very short-term oil stock price movements on the basis of fundamentals.
I simply post here as a support group as I imagine most people's Energy holdings aren't doing too well either (unless you're short)
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