RE:RE:RE:MAYBE YOUR WINNING AND YOU DONT KNOW ITkegman wrote: I am betting they still buy as many as they can and make smaller debt payments. The math only gets better as rates fall and they redo more of the debt. If oil stays up.... more M & A activity too that only drives up the mid caps. OPEC will cut again soon if the price does not get back to $77-78 range. First announcement will be no upping the volume this winter. That is a given now. When Ukraine hits a few more refineries and/or Iran does something stupid and Israel hits one of theirs....since China is their only real volume client...price goes up again on tension. The key in the Ukraine area is the Ukranian nuclear plant. If that goes critical they won't hit the Russian plant that is near their entry into Russia...that would be condemned. Russian refineries....that is another question. Tit for tat. There are so many things floating around oil right now. I bought more today at $4.73. Wish I sold more this week at $5.02. I got greedy! GLTA Oil won't be down here for long. IRAN will not do anything this week during DNC. That would be stupid. They do not want Trump but they do like the turmoil. Hamas won't tell them to stick it until Friday too. Will be interesting start to next week. JMHO
Don't worry everything is under control,If oil stays down for longer they can have a share offering,who here pays more than minimum payment on your credit card, That's just stupid if you do.BTE management is the best in the oil business.