OTCPK:TLSMF - Post by User
Comment by
oilandgasmickon Dec 13, 2014 12:44pm
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Post# 23227510
RE:Oil wont stay this low that long
RE:Oil wont stay this low that long
https://www.bloomberg.com/news/2014-12-12/u-s-oil-rigs-drop-most-in-two-years-baker-hughes-says.html Despite all the whistling past the graveyard stuff, the rig count is already dropping and it won't be long before the sentiment bolts and heads the other way in the V shape that you describe. So much of what we have seen here is a self fulfilling prophecy. Some twenty something brokers and media analysts have said that oil is going down to 45 bucks and guess what, that's probably where we are heading but it won't last long as supply is idled. I just can't believe how short sighted people are.