Welcome to the Goldman Sachs Casino : -40% in 3 days kudos to the volatility creation machines for inciting a massive meltdown in 3 days on $36 oil.... on a fully hedged 2020 WTI book AND with GOldman name Cabot Oil up on the day
this is pure unadultered volatility designed to seperate wheat from chaff- or the retail folk from their dough
I heard Goldman made over a billion shorting oil into negative territory. True to vampire squid nature. I thought prop trading was supposed to be banned from the last time they ran crude up to $150 during 2008 meltup then meltdown.
Well someone is back at it big time .-40% in 3 sessions with a fully hedged book .
Cant decide cashflow wise whether it helps or hinders to have 2020 strip at $20 or $60 - but certainly on our stock price- for whatever reason we habve been absolutely destroyed in 3 little days by someone or something.
Circus show never ended from our blowdown to $.2.95 . Circus still in full swing. Good luck with ANY buy and hold with this racket.