RE:And...masfortuna wrote: In the same article these analysts are predicting a further 21.5% decline except that oil is trading higher in q4 by 20%. Maybe my math is off BUT if the reason that these companies declined because of the oil price trading 20% lower in q3, then if oil is trading 20% higher in q4 should we not be trading higher and not decline a further 21%? am I missing something or is this just part of the Bidenomics math we are experiencing?
Here's the article I referred to. It's claiming that Y/Y the numbers are down and it's causing a sell off. I know Q3 oil was higher than Q2 and that Q4 will be better again. But you typically see Y/Y and Q/Q comparisons. It might not make a lot of sense, but that's what gets reported. So I'm thinking in BTE's case, maybe we get a pop. I know the numbers are relative, but we might get a pop just the same
https://oilprice.com/Energy/Crude-Oil/Why-Big-Oil-Stocks-Are-Selling-Off-Right-Now.html