Post by
Unlucky13 on Mar 31, 2022 11:09pm
Fundamentals
Ok, let's play that game. 1 million barrels per day and 180 million barrels total. Biden expects gas to drop 35 cents per gallon. The wash of supply will snuff out the demand and keep oil prices well below $100. Who would have that during a war we might breeches $5 again. Sadly, it's going to happen. I expect more pain tomorrow based on fundamentals. The SPR is drowning the oil price. I can't honestly believe anyone on this Board feels comfortable after Biden basically called his shot to turf the oil price. Highly doubtful we stay above $5 here and others will be correct in their predictions of buying in below $5. I can't recall his name but a big energy guru believes the SPR release will bring down gas prices and keep oil below $100 now indefinitely.
War couldn't keep oil above $100, nothing will
now. BOTOX keeps failing the eye test and sniff test. It was fun while it lasted but all the double digit talk has gone dry.
Comment by
1234bmth on Apr 01, 2022 12:56am
I suggest you a very simple solution, if you are so sure of BTE going below $5, then sell all your shares if you own any which I doubt and buy back below $5, make money and stop complaining.