Bottom lineAt 15 dollar a barrel oil the Saudis will all but bankrupt every member of OPEC, Canada, the USA and Russia, no chance of this happening, there will be an all out war on them by that time.
The Saudis better be careful what they wish for because there is zero chance of the Russia and the States going broke, theyll be flying into Saudi and taking them over before we go broke over here.
Lets face it, the US has never been over in the middle east because they enjoy the weather and scenery, its the all mightly black gold.
There will be world war before the Saudis burry economy.
Although Canada will sit in the background and do nothing about it as we always have due to our fearless leader. We will always be yes sir no sir to the states.
Crescent point deserves an all out assualt on their shares due to the way management dealt with this company during the 2014 oil recession and the continued lavish lifestyle their employees and management kept living while shareholders bled due to funds dumping their shares to make them pay.
Complete new management is needed here to bring investor confidence back,and you know when the stock market is trading in the multi million share count daily this is not retail investors like all of us on here, its big funds playing games with the markets.