SDRL and Offshore Oil: Long
Updated
I think it should be self explanatory... Expected a short squeeze already in Sep/Oct, but it seems to start now. Regular Target: 3.70 Region. On Short Squeeze: above 7.50
Note
Hmmm..., this mornings Target of 3.70 already reached. Now hoping for the real short squeeze. But remember: The real fun with offshore drillers starts in the 55-60 Crude price region...Note
Really still low Volume... But OK. 37% of shares in institutional hands, 24 % in John Fredriksens and about 25 % short sold. Not that much shares left that can be traded. Maybe I should increase the short squeeze target to 12.50...Note
There should not happen that much today... Waiting on OPEC/NOPEC meeting. On Agreement we should see the next upward movement in Crude. Highly leveraged with SDRL & Co...Note
would be fun if this happens today...Note
If you don't believe in chart analysis, you should start doing it now...Note
Hmmmm....classic!
Note
Happy to see a correction. At least intraday... But what to expect on a real short squeeze on similar volume as beginning of the year? Catching the brent price...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.