OK Klumps, I'll give you some credit for the pig in the python demographics argument. One thing though; baby boomer demographics are way too predictable, so it's likely been priced in already - for years already. Plus there is a very sizeable generation that's just coming into their productive adult years. This will mute the issues with us boomers no longer being the consumer powerhouses that we used to be.
Geoplitical issues are more to blame imo. Any softening in our stance toward Russia and you'll see a big short covering rally in oil prices. Got your suspenders in place??
Oil below $40 would be a deflationary event imo, and could continue to go down on momentum. I do not see this being allowed to happen as it will jeapardize the economic recovery that has been somewhat tenuous as it is. Likely the Fed would take action at that point.
Sounds reasonable enough to me.
I think this stock has been pounced on as an easy short opportunity. This is fairly typical after a spinoff, especially with the recent cratering of oil prices.
Still, with the properties CRC owns outright, a bump up in PPB should do nice things for the share price.
Bet we see a short covering rally sooner than the $11/ barrel some people are predicting.