RE:OIL price and Janet Yellen...who do you trust $140 coming$380 oil would crash our economy into a deep recession and ultimately suffocate demand for oil. It's a self-defeating price target. Oil at $140 will already cause enough damage. Anything higher and the rivets to the economy start popping off. Be careful what you wish for.
pulcan wrote: hi all, Well another big day or everyday as we get closer to more sanctions and OIL is the biggest topic right now. Do you trust Janet Yellen? All i can say is Putin is a chess player and already cutting 1 million barrels of production is in play what is next? see the latest on what the plan was back in May and its about to happen. see link
https://www.bloomberg.com/news/articles/2022-05-19/yellen-says-secondary-sanctions-on-russia-oil-discussed-at-g-7, as for us we know there is a lot of media talking about the next move on oil. Who knows and we see $140, $180 or $380 but we do not know. Is the price going higher? Right now all fingers are point up! so see the latest from Goldman Sachs on $140.
https://markets.businessinsider.com/news/commodities/oil-price-outlook-recession-watch-risks-140-barrel-goldman-sachs-2022-7 ...soon. So i would say this target looks more real as we did hit this number years ago in the cycle. As for us OSP is a very good mover with a very small share structure. These two stock can make a nice move from the $3.60 range and the OSP.PR paying a QTRLY dividend that is significant and has been safe bets without the volatility so far. Keep an eye on OIL this week and any more media news a sanctions and Janet Yellen can be the verdict as to where things go. I believe we are going much higher one more time and where it goes nobody knows.
see below ASK VS BID.
Level 2 Quote
Level two quotes - Bid | Number of Shares | Bid Price |
| 1,500 shares | 1,500 | 9.570 |
| 1,400 shares | 1,400 | 9.560 |
| 100 shares | 100 | 9.510 |
| 600 shares | 600 | 9.240 |
Level two quotes - Ask | Ask Price | Number of Shares |
| 9.840 | 1,200 | 1,200 shares |
| 9.990 | 8,200 | 8,200 shares |
| 10.000 | 2,400 | 2,400 shares |
| 10.100 | 300 | 300 shares |