Comment by downwithdotcom1on Oct 12, 2024 2:05pm

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Post# 36264038
RE:Q3 ops NR out..actual was 15,160 bopd
RE:Q3 ops NR out..actual was 15,160 bopdSo why are we not back to 80 cents??? Pretty simple answer actually..hedge funds started selling/shorting oil and oil stocks about 6 weeks ago creating one of the biggest bets in history that this sector is on its way down..with all the geopolitical stuff already in play it's felt that supply disruptions will not happen and China demand will fall at the same time..PRETTY BOLD and I hope they get burned but that's the sector reality right now...dwdc