GREY:BXEFF - Post by User
Post by
Finantialon Oct 15, 2014 7:59am
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Post# 23028742
This is a bargain deal
This is a bargain deal
Warren Buffett mention that the best bargains are when people are at most pessimist. Since its the whole sector, I'm not to worry about this company. It seems to me that investors are dumping energy stocks for tax reason rather than common sense. I've read somewhere this week that world oil demand would drop 200,000-300,000 boed 2015-2016. Correct me if I'm wrong but that in very little compare to the drop in oil price. I could be wrong but if this keeps up, some oil fields will shut down, and we will see 120-150$ oil by next spring. I bought more of this stock yesterday.