RE:Downward Ho Yup. Tough to get excited at this price. I bought a little more yesterday at 4.44 because it is such a bargain but what the stock really needs is a buyback like I have been repeating for two years. The stock drifts down on minimal volume due to the large retail base when news is slow then doesn't participate as well on the up days. 10 million a year in buybacks would go a long way.
on the oil price targets that was inevitable based on where prices have already traded at.
I think markets are too complacent. Inventories are at a record low worldwide. Russian oil storage and refining is regularly getting destroyed by Ukraine, Suez Canal is basically closed to tankers, Libya is back in turmoil, carry trades have bbeen unwinding and we had our highest oil consumption month in history this summer.
We are a very small glitch away from an oil spike.