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Gas As Good As Gold
Oil & Natural Gas companies are flush with money, despite dividend increases, large share buybacks and strong capital expenditure growth. The 17 major and E&P producers are a picture of fiscal fitness.
Here is how Oil stacks up against Gold on CBOE.
3 thoughts on this post
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That Yahoo chart is certainly a sharp bang on a quiet street.
I agree. I wonder how they will spend all that cash
Remember that energy is cyclical. This is the up side right now. If things stay as they are, production will not keep up with consumption, the economy slows, demand drops, profits become losses for the oil companies.