RE:Upcoming OPEC MeetingI think that OPEC has no choice but to make a cut and I'm thinking it will be a good one, somewhere between 2-4 million barrels. If they can do this for only a few months then this will eat up this glut of oil that is causing them all lots of pain.
If they do nothing then they would have to be the dumbest organization in the world. They know they already helped the shale producers by talking up the price of oil to over $50.00 and letting them all lock in hedges going forward.
It will be a wild ride for the month of Nov. but if they can pull off a big cut then $2.00 plus is just around the corner.
Probably time to buy a few more shares.