RE:Current price for June futures 12:19AMstocksnbonds wrote: $11.22-- not good.
closing price of WTI oil was $13.11
$13.11-$11.22= $1.89
1.89/13.11 = .144
.144 x 2 = .288 or 28.8% decline from the .72 level.
Assuming this futures price stays the same, .72*.288 = .207 decline from the .72 NAV level
or .72- .207 = $.51 opening.
Hey, it's not zero but still hurting. I think the major debate here is if this will actually open at the NAV tomorrow or will supply/demand change that equation?
We're all hoping the $2+ level holds but honestly, looks like this will capitualte to under $1 in the morning provided there is no huge increase in the June Futures price.
good luck all tomorrow morning,
sb
I just like the Feller who said anyone who sells tomorrow is an idiot. Do you think the see you or anyone else wants to lose their job and their business over this at the moment they're going to do certain things that are going to make it all right with all of us I hope. If not they're just going to survive it