RE:National BankNobody is " comfortable " with lower oil prices except the US government and its minions. O&G companies will maybe not go bankrupt, but is that comfortable ? I'd have to look at the archives but I recall three or four years ago they were predicting WCP at $ 17.50 THAT YEAR !!!!
All predictions wrong and they just keep kicking the can down the road . Why do they have these lofty price predicitons ? It's the carrot in the face of other investors who hope and pray and hold onto these turds. They dont want anyone else to bail until they get their returns. The arguements of why these names will go up 50% in a year are weak given the oil pricing cluster that continues on forever. Saudi keeps saying they want stability. Some dude aka " people in the know as claimed by FT" spread rumours and I lose tens of thousands of dollars on paper. Saudi should imprison these " people in the know" for this. Unless WCP buy back 95% of their stock and you just happen to be one of the last men standing , even $ 15 WCP ain't gonna happen in 2025.