Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Marathon Man

By -

As oil went on its biggest up-move in history, I had some concerns about the handful of energy-related shorts in my portfolio. Turns out, as I hoped, that it wasn’t worth wringing my hands over. Just because the commodity itself (crude oil) roars higher in price doesn’t necessarily mean great news for the companies which seek it or process it. Take Marathon Petroleum, for example, one of my shorts. Its down about 2.5% right now, and I think far lower prices are in store. The symbol is MPC:

Light Crude Oil Breakout Imminent

By -

Senator Lindsey Graham unleashed a series of tweets Saturday morning after learning of drone attacks on Saudi oil refineries.

I’ve yet to hear whether the Saudis will blame/have blamed Iran for the attacks and whether war will eventually be declared against them. It’s been reported that, “Houthi rebels – who are backed by Iran in a yearslong Saudi-led war against them in Yemen – have reportedly claimed responsibility for the attacks and have vowed that further attacks could be expected in the future.”

(more…)

Mess with Texas

By -

In this totally fake, propped-up, fraudulent equity market of the past decade, one part is such horrible condition that even the pinheads in D.C. can’t prop it up is the oil and gas exploration sector. The ETF for it, XOP, is actually at the lows of the financial crisis. How many things can you say that about? I’d say it’s a whole integer that rhymes with the word “hero”. Prepare for a break to lifetime lows in the near future.

(more…)
Do NOT follow this link or you will be banned from the site!