The largest producing oil town in Alberta has burned down. The oil sands fire is 100 square miles. This production will be out of commission for a year. So you think oil is going down in price.
Do you think the Middle East is going to be more stable or less stable over the next year? If less stable, then production is going to fall in Iraq and Libya. Do Iran and Saudi Arabia love each other or is there the possibility of a future war between Iran and Saudi Arabia? Remember, Iran and Iraq fought an 8 year war.
I see the Middle East becoming less stable and Canada shipments of oil to the U.S. declining, but you see these issues as decreasing the price of oil???
You are right, but I think it goes to $15 as this is the second quarter with losses and the current quarter is over in less than sixty days and it will be another loss. When the dividend gets cut or eliminated this will dive by 20%-25%.
How corrupt is China? A court has allowed another company to use the name "Apple" on its products.
In addition, China is now barring Apple from selling iTunes, etc.
The U.S. Congress needs to think about barring Chinese companies from selling their products in the U.S. if China is not going to allow Apple to sell iTunes.
Also, the brand value for Apple is going to decline in China if another company uses the "Apple" name on its products.