GREY:WFREF - Post by User
Post by
VentureCapital3on Mar 13, 2015 7:58am
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Post# 23517210
only supply and demand
only supply and demandThere is no conspiracy. Oil is probably going in the lows 30 before it goes back to 70$ or 80$. The next 2 or 3 months will be very difficult for long. I'm short on WTI, but not on LRE. I think LRE's management did what they have to do since December 2014. But, they have a very stong wind right in their faces and LRE is a good business when the WTI is at 90$ not with a WTI at 70$.