GREY:WFREF - Post by User
Comment by
tsoprano1on Mar 05, 2015 1:28pm
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Post# 23494095
RE:RE:RE:The loss resulted primarily from property impairments 300M.
RE:RE:RE:The loss resulted primarily from property impairments 300M.
I encountered the same thing after the banks got smashed. Starting looking for banks with good BV, starting to show earnings and loans were dealt with. People didn't realize the banks were throwing the baby out with the bath water and would so do the reverse. Same thing here. Now is the time(maybe a tad premature) to start accumulating the quality companies that have dealt with the oil crash and will survive and go forward. Oil will go up again, we all know it will, just a question of when. Granted it could be manipulated down with paper, but reality will set in. I think the strikes and maintainence at the refineries has kept oil down here because people see inventories going up and don't realize the effect of the refineries be down. That will change soon and now is the time to start dipping your toe in the water. T