RE:RE:Just Relax and Roll with it
all this mm bs is rubbish, it's pretty simple, this is a levered play on oil and poo is dropping and looks to head even lower, offshore oil needs higher prices simple!
also $1 is a price at which a lot of the small cap funds set as a minimum to buy and hold, so dropping below could trigger some dumping to stay between mandates.
lots of the big refieries have planned shut downs in the very near future and stockpiles are very high. many shale players and others who can make money over 50 hedged a fair bit of production into the mid and hi 50's when oil was higher a few weeks ago. these players are increasing their drilling and production as i type.
jagsfan, ya sure ya did, after the fact lmao, more bs
geeko must be shittin red, down below his big buy in at .93. sooooooo sad that 1.20 looks pretty good now doesn't it hahaha. so who's buying today?????
cheers ferret