Post by
Sensfan65 on Nov 02, 2016 9:01pm
Earnings day and *
Just a semi-educated guess... I'm thinking we're going to have 2 to 3 cents a share in earnings and a ton of positive talk about Onion Lakes production, lower costs, and still reduced debt load. Still marching forward.
*tinfoil hat time
Still thinking the ME doesnt look to good. This so-called final battle against ISIS in Mosul could easily be the trigger point. If that entire area is thrown into chaos expect all ME countries to step in. With OPEC talking and fighting about possibly cutting, all at a time where most outside the US are pumping full tilt, imagine we needed thier usual spare capacity. Added in is the lack of investment recently in oil and one little boom can turn into a double in prices overnight. I know I've been on these rants in the past, but the combo effect of low prices, The Middle East, less investment in oil, Mosul, the upcoming Trump win, the Iran deal, ISIS, Saudi now allowed to be sued by the US, they all seem to point to changing times. I sometimes think the downturn was to turn so many investors off of oil while many in the know loaded up. Yup, I said Trump win. Buckle up, it might get bumpy lol.