TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Aug 28, 2015 1:00pm
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Post# 24059953
RE:RE:Saudi Markets Melting Down
RE:RE:Saudi Markets Melting DownT.V.-- I hope you are right my friend but its still a long way back to 100 bucks. At some point, (I am guessing the Dec. meeting) the Saudis will try to engineer a modest production cut. By that time the shale party will have come to a close as capital markets continue to shut access for the frackers in Cowboyistan. The fat lady is clearing her throat and will soon sing Good Night Irene for the Ponzi scam. Meantime, if there are people who are silly enough to believe that 45 buck oil is here to stay then sell your shares and get it over with but I promise you that HSE and some will be back to all time highs sometime within the next 5 years. Until then you can keep listening to Bloggers and talking heads who wouldn't know a rig tower from a radio tower.