RE:Crashlongrun wrote: WHat a Crash for O&G sector i guess no one thinks abt this and even dreamed abt it in last year or so ,but i think ones oil starts to shot up again this sector would be on fire and could go 10-20% in a day or two like Gold sector bounce back today. But no doubt investors are burned really badly here .
Just as the price went down it will go back up, that's just how this game is played.
Keep in mind that throughout this correction CPG has (so far) significantly out performed its peers!
with gasoline at around $2.40 in the U.S. Consumption should rise or at least hold steady.
Like everyone else I have no idea where the bottom is. So again I'm buying small amounts of various oil companies on the dips and will be happy collecting the dividends.
All I know for sure is that the free market will take care of supply and demand. Oil isn't cheap to get out of ground these days so low cost producers will survive. Thankfully CPG is a low cost producer!