Long
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!
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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...
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