Suprise move in the PPS this morning. Volume remains unimpressive, but this sustained move higher is noteworthy.
I have to repeat here that I do not believe the pending appearance at the Las Vergas Money Show is behind this. If anything makes sense (to me), I believe it has to be that the market senses that a drilling annoucement is emminent, likely BEFORE the Money Show.
But this is just my sense of things. I could be very wrong. If so, the Money Shows will be more like a "Hail, Mary" in the final play of a football game.
At least this market is getting interesting again.
Where's the chatter here? No one paying attention?
VP in AZ