Warren has a Forever timeline with his investment in this. Trust me when I tell you he will end up banking massive profits on SU. He'll end up buying more. When he does that will indicate the bottom is in. But you won't find out about it until the Oil stocks have snapped back hard. By that time it will be too late to get in & make the massive $$. The massive $$ is getting in now & waiting. Read the headlines to the right of this column entitled Top Stories. Do you see all of those doomsday headlines in blue print concerning the demise of oil? "Oil in Free Fall" "Oil Collapses" Most people look at those & run for the hills. I look at those & see massive opportunity in Black Gold. Texas Tea. Buy it, stuff it in a vault for 5 years & then shake hands with Buffett the next time you see him. Your future will thank you.
Is that the clown who was giving reports to the Media on how Iraqi forces had besieged and defeated US forces as they closed in on Baghdad? That was comical!
OPEC is an Oligopoly
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers
OPEC made the OIL SAND viable by keep oil price high.
Without OPEC, oil may be in the $40 or lower range. At that price, ll stop.
If oil price stay below $70 for an extended period, certain oil sand operations will halt.
Many existing USA shale oil production will face serious problem but more new lower cost shale oil project are coming. The battle will be between oil sand and shale oil. The one with a lower cost will survive.
it has 100 years of proven reserves and will continue to pay and increase the div... the more the 'sell off' the more I buy...either way , happy trading
I would stop betting on the short term oil price. You have no chance to win.
oil going to 10 bucks. bought BAC and C and got out of this junk long time ago.
Sentiment: Strong Sell
cheap oil wont last. OPEC is playing games; the world runs on oil and SU will continue to produce and raise its div... do you, but im buying SU at a discount !!
Sentiment: Strong Buy
I did load SU and USO, the purpose of this takedown is obvious - No more unproductive oil producers. Low cost and strong ones stay! Yes, $55 is the lowest you can get!