GREY:LSTMF - Post by User
Comment by
whitehorn1on Aug 08, 2015 1:53am
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Post# 23999919
RE:i guess shorts and hedge funds are still going strong
RE:i guess shorts and hedge funds are still going strongorlandofl, the cure for low oil prices is low oil prices. In my opinion the lower it gets, the quicker the recovery. Exploration, development will come to a screeching halt. I rather have that scenario, then have this hang around at 55 dollars for the next 5 years. In essence if we trade in the 30's for a few months will starve off supply drastically, leading to a rebound. The question being can LTS survive at 30 dollar oil for 6 months!