CGX Energy Inc V.OYL

$380 OIL?

[CLOUDER]

YES there is talk ,  if there is a bad case senario,   UNLIKE,  all and everything that is happening now.   there so many factors at play now but  OIL and GAS plays is the place to be at the moment. imo.                                                                           ps, they used to prop up oil,   sooo  when did it start that they are trying sooo  hard  to   shove it down  now  too.    this is crazzzy.      but what the  hey,  lets make us some.

[RightAngle45]

Whats with the volume today,  701 shares  ??

[CLOUDER]

U.S.   july 4th holliday.                   Man,  energy is like a beach ball being pushed under water,   and it is relentlessly  coming back up.  Well the 4th riec h,  i mean (nato/ pacifico)will soon shoot the guy trying to hold the beach ball under, ( probably for target practice) then  we are off to

[Dirksidetrack]

Clouder, I watch Bloomberg US. Worries about energy demand destruction caused by high enegy (gadoline, diesel, nat gas) prices. I remember $150 oil back in July 2008. By December 2008 it was $30. Volatile times. Back then the Fed could pump a lot of money into the economy to "quantative ease" and stimulate demand without affecting inflation or increasing interest rates. Not anymore. I

[Duderrr]

Always trying to put a negative spin on OYL with your misinformation. Oil industry wasn't severely underinvested for a decade leading up to 2008. Not saying your talking heads on Bloomberg are wrong, but tons of top energy analysts agree that WTI/Brent prices are already pricing in recession related demand destruction... otherwise it would be trading much higher right now. Nothing is for sure

[Ebenizer3]

Two things: 1) shale drillers drilling and producing oil at a loss. 2) the housing market started to implode leading to the great recession. As for cgx, they have their n*tts caught in the top wire of a barbed wire fence. Not the best conditions for getting a great deal.