Post by
argaiv on Nov 26, 2023 11:21pm
There Could Be Some Cross Trading
Going on at this price. One investor might have holdings in two different funds, and is selling at a loss on one side, and buying up shares in another in another fund. We definitely need some news of a positive drill result. I think the absolute worst case scenario is Africa Oil buys us out if we do not hit oil in the near future. Maybe I am wrong about the previous statement. The good thing is I do not think we are headed for an energy bear market like we had in 2014. I might be wrong about that statement too. I don't see Russia dumping its oil and gas on the markets just to make the West happy.