RE:If $60 oil world is real why would you ever sell?If they do a share buyback whose shares do they buy? At $60 oil they will make about $250 million. That will go to debt. Highly doubtful any dividends or share buybacks in 2021. Also, at $50 they make $100 million. They owe $500 million in 2024 so they have to average $150 million plus a year the next three years to just lay off debt. That leaves little for anything else. We are not our do the woods yet.
I lost my job and Uber is slow, I have to sell about 20000 shares for living expenses. Need $5 a share to break even. I am in a tough spot as I $2000 a month in margin carrying costs for the stock.