RE:RE:Meg up Oil downratsnake220 wrote: oil prices will de couple from stock prices if the market sees debt reduction, possible dividend, possible share buy backs.....As nuttall says...company committed to paying back shareholders,,,,,it could be the day to day price of oil means little now...it could be people looking for a sector to hide out in as a value play.....when faced with a choice....do you pay down debt to improve your position on hedges....of course you do....the banks were parasites on the mid cap oil and gas stocks and forced them to hedge in the past......now its different....in 2 year debt gone.....if Canadians only treated debt responsibly they would not have their own bank parasites....so ollie the goalie....thats my 2 cents...stay long on mid cap oil stocks....the wind is at your back...pay down debt is the key,,,,,,when the analysts see forward cash flow improving...and debt reduction....this will be a $40 stock
The price of oil looked like it was headed to $60 until OPEC stepped in to create a floor with production cuts and even the Whitehouse says they are buyers at $70.
I say throw a dart at any one of your favourite oil stocks and they all double within the next 18 months regardless of where fed fund rates go.