Lightspeed Commerce Inc T.LSPD

Mas

[HOURGLASSCANADA]

Yes rotation out of oil and gas might be starting. Question is where that cash going? To the sidelines or into nasdaq stocks?

[masfortuna]

I don't think rotation out of oil is starting hour. I think oil and gas is still  very undervalued. Most analysts are expecting an avg. of $120 for the wti.  Most companies have given estimates with avg. under $100.  I suspect oil will be king for the next 3 years BUT we will see fluctuations in the sp of companies such as what hapened on Friday.  It's a buying

[BiggyG]

It is quite simple....Oil and gas prices are driven by futures contracts and speculators who run the show. So much oil comes from politically unstable areas, hence the speculators are making big $$, we are likley paying more than twice the "Natural Price" of oil per barrel. Some of the top unstable producers are China, Russia, Iran, and Saudi Arabia, not hard to figure out why we

[masfortuna]

Not really.  And FYI China is a "net oil importer"...Also not sure how Saudi Arabia is an "unstable oil producer".  Bottom line is that we need 101 million barrels per day and we are presently at 99 billion. That's why oil is high.

[BiggyG]

If you believe in what these unstable governments say about their oil import/export then thats your opinion. I think we are being fed a load of BS. BTW In my book an autocratic absolute monarchy ie Saudi Arabia is considered an unstable government. GL with you decisions

[masfortuna]

So basically the fact that the Saudis have not changed a government since the establishment of the House of Saud in your books makes it unstable?