Post by
drunk@noon on Aug 30, 2024 6:01pm
Should be plenty of time to accumulate in 1.85-2.15 range
as it looks like oil is headed to a 6 handle, as the quants are shorting oil as a way to hedge weakness in the world economy. Cheap oil service companies will get cheaper. Needless to say, MCB is reliant on the sucess of their innovative new products irrespective of the health of the industry, but such things will be ignored without any signs progress on the the new products front. i.e oil price gets slammed into the floorboards, the babies will be thrown out with the bathwater..