RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil market crushed. Recession coming.smxmcx wrote:
All of this whining makes me want to puke. All of this talk about paper profits and paper losses lends me to believe you are new at the investing game. Stocks do not go straight up. You have cut your price targets in half for no justifiable reason other that you are sad and dissappointed that the price is not where you expect it to be a this point. You sound like a bunch of 16 year old girls.
The only thing I see that can keep this stock from moving up big from here is a failure at Inali or a catostrophic event. Even though we are a gas company the price of oil will impact the price negatively somewhat until it rebounds. The price of oil will eventually rebound as it always does. Nothing has changed regarding the big picture, it just may take a bit longer to realize the value.
Tend to agree with the comments here although I'd like to add that I think we should expect a lower for longer scenario for oil as the industry refines newer extraction technology which allows them to capture increases in profits at depressed levels.