Whitecap Resources Inc T.WCP

Oil, another organized attack on oil again

[baranja]

Another attack on oil in progress.  Everything is exploding in price but only Oil is focused to be the main commodity for crashing.

[ElectroWave]

Crude and inventories fell due to Hurricane Ida and record breaking levels of shutin production. If it was not for China announcing SPR to be released, energy stocks would be green.

[baranja]

And you were present when China "released" few barrels??  My god how gullible you all are.

[ElectroWave]

Now, tell me about the paper barrels that are being made suddenly transparent.

[Moemoney42]

Unfortunenately for China this SPR release is going to be short lived, as to their strategy of forcing the oil price down too far or for very long.. IMHO

[ElectroWave]

And also OPEC is raising production by 400kbbl per month. In order to get to a real bull market, oil inventories need to decrease to 350 million barrels.

[IanBarter]

we agree  , you are right,  But do not forget  C.E.O and board members are getting richer and richer everyday,          So do they care for shareholders?    no they do not.      Oil in about a week will start going down fast   Ian Barter

[Moemoney42]

Well that was even shorter than I thought.. LOL.. 

[schoolinmoe42]

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