Hardly shrugging anything off... You better wake up... The world has just changed and there are so many uncertainties out there that will cause many people to get out of stocks and oil stocks as well. Uncertainty=sitting on the sidelines. Take any profits you have and better prepare yourself for a long drawn out process. Not a good one!
It seems to be heading to at least a 2 year high and if it breaks through $50 then it could even double from there in another year. Staying Strong!
Sentiment: Strong Buy
Just bashes this boards and acts like a pumping cheer leader on UWTI! Try containing yourself and only post news worthy posts. I know this is a hard concept for you and I'm tired of your mindless drivel.. On my IGNORE!
It is all about fear with the unknown. This effects all markets! It is infantile to think it will not have an impact on oil. The markets will remain volatile for the near future and with Europe facing more negative interests rates you can bet that there is the potential for another recession. Less demand for oil and more storage glut. Manage your money carefully and don't buy into headline hype.
I see his multiple user names are here to give me thumbs down... GO FOR IT. Anyone who listens to yanshengc drivel has nothing to ad to these boards besides endless bashing and pumping on UWTI with no substance.
This year's gasoline bargains may go on and on thanks to surging oil supplies coming from the Gulf of Mexico. For years, the oil companies have been placing big bets on the Gulf, pouring billions of dollars into the development of deepwater wells.
Now those offshore projects are coming on line and will start pushing oil inventories even higher. The EIA is predicting a record high of 1.8 million barrels of oil per day coming from the Gulf in 2017, up from 1.6 million this year.
In addition, the U.S. Bureau of Ocean Energy Management announced last month that it will lease an additional 45 million acres in the Gulf of Mexico Outer Continental Shelf for oil and gas development.
who know? I'm looking for DB to be in single digits before it gets any better. The Brexit is huge and uncertainty will create more and more investors to sell off and sit on the sidelines until there is a clear understanding of "what just happened!" It could take 2 years to truly understand and a total contagion might have just been release.
I think a top might have been placed and those getting too greedy might want to thing about taking profits and waiting to see if there is a retracing to a new bottom. Maybe $35.
Sorry you missed the recent gains, but if you made a profit then it was a good move. Right now the trend is for oil to continue moving downwards, but anything could change from day to day... geopolitical, government announcements, etc. Best to get in an out and just play the day trade. Not a buy and hold.
What is sad is you don't know the difference between the debt and the deficit. President Obama has reduced the deficit by two-thirds since 2009.
All it would take would be another Brexit event... Or, if a Deutsche Bank become the next Lehman Brothers!
This could hit under $3 before it rebounds... Not going to try and catch a falling knife.
Sentiment: Strong Sell
Just add more oil to the already record glut and ignore it... Yeah, only fools are buying into this as a reason to jump into oil now. I'm out on the sidelines waiting for a crash.
U.S. stocks, except for some financials, will not be affected by the Brexit! This is a buying opportunity. Those selling here will be sorry.
I hope the next earning report will open some more people's eyes. Palocity is rocking their sector and continue to take away market share. Every single quarter the beat the streets expectation and every quarter they seem to up their predictions. I think PCTY should at least be in the $50s.
Sentiment: Strong Buy