TSX crashingLowest levels ever. Down 25%. Oil now being seen by large funds at $40.00. Let's hope it holds there If the consumption continues to drop O'Leary says $9.00 is not impossible it's just a commodity. I think $.20c for Enterprise is in the next 60 days. If something were to secure oil at $40.00 then it would be buying time. However there is some speculation that an oil production fight will develop within and around OPEC and will create a sustained overproduction. Large funds are liquidating positions as expediently as they can and O'Learys suggestion theat the TSX at 12,500 is in the near future and to bail on everything that isn't cash rich and have secured dividends. Also U.S. Banks are liquidating Canadian positions to cash up for new bank legislation that begins this week where the requirement for them to be cash appropriate is now law hence the banks sell off. Not a very good time for novice investors and unfortunantley small stocks like Enterprise that unlike Enterprise do not have cash on hand will become insolvent. Hence the reason for the dump on juniors and if I were a holder I would be unloading them
as well. Jmo