Admin

On The Docket. Help Coming For Oil Drillers?

While it's obvious nothing will be done until after mid term elections this Fall and new officials are sworn it, it would appear there's hope for appropriations in the drilling and exploration area going to next year.   Per GovTrack.us

H.Res. 641: Providing for consideration of the bill (H.R. 4899) to lower gasoline prices for the American family by increasing domestic ...

... onshore and offshore energy exploration and production, to streamline and improve onshore and offshore energy permitting and administration, and for other purposes; providing for consideration of the bill (H.R. 4923) making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2015, and for other purposes; and for other purposes.

Introduced:
Jun 24, 2014
Status:
Reported by Committee on Jun 24, 2014
Prognosis
99% chance of being agreed to

Read full text

I had previously recommended accumulating RIG near $40 and NE in Chat while it was near it's 200month SMA.  That, to me, is good company to have an average price with.  This not a recommendation for a quick trade but for a long hold.  Throw 'em in a drawer and fuhgettabotit.  Risk to your tolerance but I go with 10% on most trades and take partials at major moving average or fibonacci levels.  Use alerts - not stops so that market makers don't "see" you.  If it loses 10% and breaks that major of a support, you won't be the only one being stopped out.   So will major funds.  Chart of $NE is shown - click on image to enlarge.

E-mail me when people leave their comments –

You need to be a member of StockBuz to add comments!

Join StockBuz

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service