I am buyingThe manipulators are at full force again, trying to push oil down so you load up on shorts then spring it up.
My guess, they will use the excuse of china buying, fast rig declines, or some other fairy tale to pull oil back up soon.
Facts are what matter.
1)Countries need oil to survive
2)Rigs are down 75%
3)Oil is needed, even in a society that does not trade money. It is needed
4)No one will sell oil for 30.00 especially unhedged producers.
This company has a conservative managment that seems to know what they are doing.
Recent sale,
Recent insider purchases
Recent upgrades
I think the last orders today were the buyback been started. My guess
Good luck DYODD
I will be buying 100,000 shares tomorrow
Cheers