WTI discount is small and natural gas is awesome. This is less a story about fundamentals and more a story of highly orchestrated bear market raids on a sector. Does anything REALLY change THAT much in a year to werrant amultiple of 100 to 200 percent up or down? The answer is NO. Somewhere in some swanky office tower the powers that be ( u know the tribe ) decide what sector they will pump and which ones to dump. They then call their media minions at FOX, MSNBC, Bloomberg, Barrons, BNN, CNBC and put out their message.
US banking sector had a big recovery off the 2009 lows in fact it was TOO BIG. So the powers that be said hey we missed out on that one. Or maybe people will THINK we are heading back to 2007 so guess what? Lets kick the sh^^ out of them for shi%% and giggles and they did. Then in 2012 after shorting these back to new lows they said lets tell the people how bad it is, lay on the doom and gloom, the glut of housing etc, and then magically these stocks went from lows in January and by year end they had doubled .
The message I have been most successful is being a contrarian. no one wants you to get rich or even comfortable. EXPECT THE UNEXPECTED. In the ned over along period of time a value investor will win because in the ned it holds intrinsic tangible worth and the manipulation to drive things low is a game of attrition because after 6 to 9 months or a year of two of media bombardment you cave in. I am waiting for the day of reckoning when some person says Im going after the true TERRORISTS which are the hedge fund manipulators with their highly wired media puppies that program fear and greed knowing that the game is rigged because people are TOO WIRED TO THE MEDIA'S MESSAGE.