RE:-32% pre-market...WillyWally wrote: This is going to be a day to remember!!!
Dividend cut makes little difference. OXY is down over 20%, XOM is down 15%. VET would have been slaughtered today anyway. Oil is below $29 and quickly heading to low teens if the Saudis don't put an end to this destructive policy. The world has literally stopped no one is driving, flying, cruising. The demand destruction is nothing short of staggering. Increasing supply at this time will drive nearly every producer (that isn't integrated) out of business.