RE:RE:RE:RE:RE:Industry will collapse because of manipulation.
Joeknowsjack wrote: World population continues to grow....Mother nature has created a mess in the Caribbeans....California is experiencing wild fires that have destroyed communities...over time the rebuild will commence and the need for oil will continue to grow...Oil is going higher ...how high ?...$80 price is being mentioned...might even go higher....
Pd is already trading near all time lows.(decade lows).....longs are getting a bargain if taking a position at today's prices ....isn't book value $6ish?
In a few weeks earnings will be out....will she be trading at $2.50 or $4 or $6.....????
I have a strong feeling of deja vu on the whole oil sector as well. I will double my position if there is further tax loss capitulation. The "manipulation" happening here is a gift to value investors like me.