RE:With Hedges OVV is STRONGEST among competitorsYeah kid that’s why ovv is 95 cents stock presplit and down %90 in 3 months.
I have a weird rashing moron
Hiddensecrets wrote: OVV played its cards very well, totally hedged, meaning that all they have to do to make a bundle on the hedges is to simply turn off the oil taps for a certain period of time or to slow it down.
It will happen anyways because there is NO MORE STORAGE so oil taps will be turned off.
Shale plays will be buried with this and, many other countries who make a living on oil, will collapse so they too will shut down taps.
No one will sell oil if they lose money on the barrel. Logic says that you shut the wells down.
If I were OPEC, I would call a meeting with OPEC + and I would recommend that all nations turn off their oil taps for 60 days, allowing for excess oil to be sold to the markets. Then come back online and adjust quota's at less than demand, and voila you have a booming oil market.
MPO