Post by
Owlseye1 on Aug 09, 2021 9:48am
Not so fast!
Oil God's will re ajust oil production if needed. Scare tactic happening now hold on to your share longs will win.
Comment by
BayStreetWolfTO on Aug 09, 2021 9:53am
Yes Owl...we will see record year for hedge funds they love the volatility...trying to clear paper before Sept contracts clear in 12 days. Making over $400+ million at these levels well over management plan.
Comment by
GrumpyMonk on Aug 09, 2021 9:54am
Yes hopefully OPEC will react. When so i will re-consider. In the meantime. Im Out.
Comment by
Antonyius on Aug 09, 2021 10:53am
Just another classic scare people to panic sell, scoop up cheap shares and put out another oil is going to $100 by Goldman Sachs and the rest of the big boy bankers, nothing to see here.
Comment by
BayStreetWolfTO on Aug 09, 2021 11:52am
Crying Wolf over COVID is wearing out
Comment by
Antonyius on Aug 09, 2021 2:21pm
Yes baystreet, even at a shocker $66 per bbl all the oil companies are still making bank. So it's just a ruse to try and get trades who don't invest on fundamentals to dump their shares for sale to the big boys. Like baytex has hedges for $55, so it's still $11 over what their original estimates were