RE:RE:RE:Dumpinvestor that what i beleive..people waiting for the best price to jump in..so down side is limited.
also people worry about the oilprice goes under 50. so they are on side line
as long as the oil price in the range 55-60. we should be ok.p
eople will buy this stock again...easily stock price climbs back to 30.
with the pressure from investors and the banks, we already see oil producer slow down in us...opec will be in control again..all they need to cut another 500000 bd..the oil price will go back to 60.
one time in the past, opec did cut 3mil...caused the oil price overshoot. so iam not supprise they will cut another 500000bd in dec
bottom line, as long as company making money...they would not cut devident.the management has stock option too...they will not hurt themself.