TSX:HSE.PR.B - Post by User
Comment by
lashingon Mar 08, 2020 1:17pm
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Post# 30780644
RE:RE:Saudis declare war
RE:RE:Saudis declare warI hope you are right. However, Russia can do alot of damage sticking to the price war that the USA and Saudi Arabia cannot endure. My guy tells me this is going on all year and I just lost 90% of my money.
wheeloffortune wrote: I think it's a bluff in order to get the Russians back to the OPEC+ table and the US on their side in raising oil prices. Why sell more of a finite resource cheaper? No way you're not going to pay a premium on additional workers, equipment and tankers to ship the product to increase oil output. It's a short-term bluff. They'll be back to the table sooner than you think. They're both in it to make money. And the Saudis are going to get more concessions from the US now such as the US more aggressively blockading Iranian oil. I'll be holding onto my shares and see how long it plays out.