I’m jumping back in !
Dow is almost at a record time to buy 500 shares at 2.57
Buy more if it goes lower, sell above 3.50
| Stock | Shares | Buy Price | Price | Profit | % | Date Bought | Date Sold |
| TVIX | 500 | 2.57 | 2.57 | $0.00 | 0.00 | 2/13/2015 |
U.S. rig count dives by another 98, crude oil prices up sharply
Good News Bad News
Global Oil Rig count is falling at a steady pace Great for the price of oil bad for oil producers. Oil inventory will be going down but less money is being made. Small producers will be crushed. We just need to know who is shutting down rigs, any one have that answer ?
UWTI and UCO are looking really good.
Look at the portfolio
| Area | Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year’s Count |
| U.S. | 13 February 2015 | 1358 | -98 | 6 February 2015 | -406 | 13 February 2014 |
| Canada | 13 February 2015 | 382 | +1 | 6 February 2015 | -242 | 13 February 2014 |
| International | January 2015 | 1258 | -55 | December 2014 | -67 | January 2014 |
Link
HOUSTON – The number of active U.S. land rigs plunged by 98 this week in one of the biggest declines in the past three decades as fallen oil prices continued to pummel the industry’s drilling ambitions.
Eighty-four U.S. oil rigs were idled this week and 14 gas rigs stopped running, according to oil field services firm Baker Hughes. Two U.S. offshore rigs became active this week.
Baker Hughes’ 71-year-old U.S. rig count, one of the industry’s go-to indicators of future oil production and demand for rigs, was down by 406 drilling units compared to Feb. 13, 2014. The last time the rig count fell by 98 was in January, 2009 – the two declines are tied for the biggest drops since 1987.
The 84-unit decline in active U.S. oil-hunting rigs was the second-biggest drop in nearly three decades, just behind the 94-oil rig decline last month. Last week, 83 oil rigs were taken out of the game.
Stock Market Musing 