Thursday Crude Oil extended a rebound from the equity market meltdown yesterday after applications for U.S. unemployment benefits declined. Seasonally Crude Oil typically rises into September. Stockpiles tend to decline a bit and demand tends to increase. Which may offset the slowdown in global growth forcasts and keep crude oil steady to firm over the next few weeks. Gold prices sold off a bit as stock prices rose. Bill Chippas and his panel of Stock Market and Economic experts including Charles Moskowitz from Princeton Research, discussed these topics along with investment ideas , short term winning trades , technical forecasting and news on the Bill Chippas Show http://www.billchippasshow.com. Bill’s special guest was Will Gray CEO of Cross Border Resources XBOR , http://www.xbres.com. Cross Border is a non-operator oil and gas exploration company in the Permian Basin. The Company announced on August 10th that it plans to release its second quarter 2011 financial results on Monday, August 15, 2011 following the market close. The Company’s management will hold a conference call to discuss its results with investors on Tuesday, August 16, 2011 at 11:00 a.m. Eastern time. More Cross Border consists of over 800,000 gross (approximately 300,000 net) mineral and lease acres within the state of New Mexico The company has production of 250 barrels per day, has completed a private placement and has a 48 month plan to increase production to well over 1,000 barrels per day. Download the podcast at “The Bill Chippas Show’ website at http://www.billchippasshow.com .
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declined. Seasonally Crude Oil typically rises into September. Stockpiles tend to decline a bit and demand tends to increase. Which may offset the slowdown in global growth forcasts and keep crude oil steady to firm over the next few weeks. Gold prices sold off a bit as stock prices rose. Bill Chippas and his panel of Stock Market and Economic experts including Charles Moskowitz from Princeton Research, discussed these topics along with investment ideas , short term winning trades , technical forecasting and news on the Bill Chippas Show http://www.billchippasshow.com. Bill’s special guest was Will Gray CEO of Cross Border Resources XBOR , http://www.xbres.com. Cross Border is a non-operator oil and gas exploration company in the Permian Basin. The Company announced on August 10th that it plans to release its second quarter 2011 financial results on Monday, August 15, 2011 following the market close. The Company’s management will hold a conference call to discuss its results with investors on Tuesday, August 16, 2011 at 11:00 a.m. Eastern time. More Cross Border consists of over 800,000 gross (approximately 300,000 net) mineral and lease acres within the state of New Mexico The company has production of 250 barrels per day, has completed a private placement and has a 48 month plan to increase production to well over 1,000 barrels per day. Download the podcast at “The Bill Chippas Show’ website at http://www.billchippasshow.com .
