RE:RE:RE:$60 oil $9.30 Stock priceTheRaj wrote:
>>Most big names are down and have lots of volume today. The TSX is down almost 200 points. Seems to be related to the Greece issue.<<
There are strong rumors going that Russia (all alone) might possibly bail out Greece in return of political favors that would favor energy policies between Russia and Europe. Since Greece holds a veto right they alone could in big part dictate in which way Europeen comunity's energy policies ... of course they would favor Russia's way and free them from some of the sanctions that have been placed on them by Europe, including England. This Russian bail out of Greece's debt could actually generated revenue for Russia in the medium term.
Should you hear any political talk about Vlad Putin wanting to aid Greece to settle their debt repayment them watch out for a very strong and quick crude oil price rebound ... and of course a sharp COS share price increase.
For good measure, and out of curiosity, as I am writting this I just now serched the web for any such news report and I just found this related article:
https://fortune.com/2015/06/19/putin-greece-bailout/
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You can also bet that the Vlad Putin (the new global shah of oil) has and is continuing to invested billions in North american oil and gascompanies as well ... he's just waiting 'til the very last second to pull the bail out trigger so he can generate the most profit.
The oil market is being manipulated at it sbest right now and it's not just Vlad that is part of this manipulation, it's all the head honchos that are pulling the global political strings.