GREY:TBTEF - Post by User
Post by
talladega73on Aug 19, 2015 4:31am
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Post# 24030504
Might as well just forgetabout oil stocks until
Might as well just forgetabout oil stocks until the price of oil convincingly reverses the downtrend and moves higher but that doesn't appear to be anytime soon. The big question should be can this and other companies even survive if oil prices stay below $50 for another several years. I'm not suggesting oil will stay below $50 forever but if you take a look at natural gas prices they are still substantially below the previous highs in 2008 and it's now 7 years and counting.