The Four Horse-Men of oil

Halliburton to cut up to 8% of jobs as oil falls. Almost time to buy more UWTI below 2.70  and UCO below 7.70

Halliburton will layoff between 6.5 and 8 percent of its global staff as benchmark crude prices continue to tumble, the oil field services company announced Tuesday. As many as 6,400 employees could be affected by the decision.

The best part

“We value every employee we have, but unfortunately we are faced with the difficult reality that reductions are necessary to work through this challenging market environment,”

The Big four

1. Jobs will be cut.

2. Rigs will shut down.

3. Weak firms will go bankrupt or swallowed.

4. Supply will shrink and oil will rebound.

2015 Portfolio Update

Pulled the trigger on UGAZ and NKA
500 shares of UGAZ at 2.49
800 shares of NKA at 1.73 this is a risky trade could go to 0 or 

Stock	Shares	Buy Price	Price	Profit	%	Date Bought	Date Sold
WPRT	300	3.65	5.98	$699.00	63.84	12/30/2014
REN	1000	0.77	1.2	$430.00	55.84	1/20/2015
REN	1000	0.79	1.2	$410.00	51.90	1/20/2015
UWTI	700	2.69	3.88	$833.00	44.24	1/26/2015
UWTI	700	2.62	3.88	$882.00	48.09	1/26/2015
UCO	150	8.15	9.36	$181.50	14.85	1/9/2015
UCO	150	8.48	9.36	$132.00	10.38	1/9/2015
UCO	150	7.7	9.36	$249.00	21.56	1/14/2015
UCO	150	7.65	9.36	$256.50	22.35	1/14/2015
UWTI	500	2.52	3.51	$495.00	39.29	1/28/2015	2/5/2015
NKA	800	1.73	1.75	$16.00	1.16	2/9/2015
UGAZ	500	2.45	2.49	$20.51	1.67	2/9/2015
			Gain	$4,604.51