Post by
bows333 on Oct 01, 2024 12:58pm
Oil price
I see oil is over $70 (Again!!!). All of you worrywarts, doomsayers and "They're manipulating things! We don't have a chance!" need to take a real look at the real world. Saudi can't pump faster. Russia ain't bailing us out, neither is China. I see Iran has now entered the war; you think that they will be the last country to enter? $70 was the floor anf, yes, it was manipulatived lower, but you can only successfully manipulate a market in the direction it already wants to go! Did you notice China will embrace hyperinflation rather than depression?? Jeez, guys... Grow a pair! We are markedly higher in a year and certainly bought our (probably a merger at a multiple of the current PE, rather than a cash offer, within the next 5 years for certain. I'm going to have to start putting more people on ignore.
Comment by
bows333 on Oct 01, 2024 1:23pm
Rock? Ive got dozens of posts on this board over the past 5 months. Sorry you missed them. I believe I was quite clear in what I said. Oil at $68 was a bottom. It might get there again, but it's a buying opportunity. TVE is far higher in a year, and absorbed within 5. I did not call you out, but if the shoe fits.... You're on ignore now.
Comment by
woodsmen on Oct 01, 2024 1:31pm
Perfect, WTI Oil was at $65 last week. So yup there has been alot of buying opportunities in the last year...... But Oil is up today on IRAN and OPEC News right now so we will take it!!
Comment by
Jimmy1page on Oct 01, 2024 1:10pm
Iran makes threats but they aren't entering any war
Comment by
woodsmen on Oct 01, 2024 1:16pm
According to reports IRAN is Chucking right now!! Maybe IRAN is not a Threat with the USA present, but I can assure you that Canada's Joke of a Military wouldn't want to play with IRAN........
Comment by
lnggasfor202324 on Oct 01, 2024 8:07pm
Canada is smart they wouldn't start something they can't finish. If the Americans get into it they could turn Iran into a big parking lot.