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MG

I bought DRIP...now what

mkgrop in Oil Trading

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mkgrop    0

MG

I bought DRIP expecting DRIP to soar as May contracts expired and it went down?  I'm in until mid Amy and am trying to play this to not lose more.  The way I see it,  WTI is tanking, demand has disappeared, cuts in production wont do anything in short term until demand picks up, and storage is full. Why doesn't DRIP increase since the  S&P Oil & Gas Exploration & Production Select Industry Index is unchanged or even charting towards negative territory.  I don't get it?  

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