Yes you could be right.Qame old volumes between the normal brokers like always.

But from latest short numbers it shows a decrease so far.

I bet most traders in oil sector are waiting after Opec's meeting on 12/17.

If we could see a lift in oil price at average mid '50 that would be nice.Opec so far has made bold talk but let's see what they do on the field so far .If we read between the lines it looks they also would secure their investments and these are made on a higher average so far .By that it's in their own interest too they will act.

Together with Obama's announced fiscal boost in infrastructure etc.. it's clear every nations will try to gave an injection in their economy .At some point this must have some effet so that could be a nice support for markets and if we are lucky we could bottoming out at these levels.But with mid Q4 updates coming soon we probably will hear some bad news on earnings again but markets will look further right now I think.

MRC I guess must benefit later in 2009 .Most traders are looking to much to pod 1 but forget CLL is more then an upstream producers.

I'm just curious if we can go to around 55 to 60 oil ,in what range <CLL could be.Normally looking back to 2006 CLL was trading from 3 to 4.5 with oil average around 63.So a range over 2 again must be possible.Strange how valuation can change .