RE:RE:What CLUELESS RUBES These American Oil Investors Are ?????I don't believe the saudis need $72 oil story. Never did but especially not since it became a public company. It pays a 4% dividend yield according to my Bloomberg quote which is lower than Exxon. It's a public company now so no giant sticky fingers in the cash flow cookie jar. Just a divy.
old_dog wrote: It's either a case of clueness and utter stupidity, made their money and they really wanted to make sure they got their order filled, thinking that 133 k in shares at a 10% discount would shock others into following them, either way they got out when they made the biggest mistake...doubling down on ATH.
As we all know Eric was always talking about "$60.00" Oil..time after time..if you believe if you believe....well guss what not only do we have $60.00 oil....today we got $60.00 WCS...who would have thought that 9 months ago. Providing the trend continues then ATH is on the launch pad. Saudi Arabia NEEDS $72.00 just to run their country...and WE ALL SHOULD KNOW THIS......many of the countries that are in OPEC are highly reliant on higher oil prices....even Russia needs $45.00-$48.00 dollar oil. and with restrictions in place everyone is happy right now. So hold them and pick up another few thousand....
old_dog