If oil breaks 40 stocks correct at least 10% AND WE HAVE THE CHANCE OF GOING INTO A GLOBAL RECESSION.
I think what no one is really saying much about is the deflationary aspect of lower oil. If oil isn't much higher by November CAPEX will be cut even more for next year. There will be no new projects starting and drastic reductions in existing production. We will eventually get a lot less oil with higher prices. But the biggest problem may be the inability to ramp up for more demand and a huge spike in oil due to all the cut backs in spending. Plus lower oil can lead to lower commodity prices and more corporate lay offs and less business for industries supporting the energy infrastructure. If oil doesn't rebound we may get a global recession which means we need less oil and even more of a problem getting out of a global recession. EITHER WAY DOESN'T LOOK GOOD!
Why don't you go somewhere else! As usual your rude and clueless..
The over riding problem is this market is not investable at this time. Adding more to cash till we have some clear direction.
it is a losing strategy if earnings are good and pps jumps. TACO is a long term hold. It will get better now as Levy REALLY TAKES CONTROL.
if they do a reverse split and you own shares at 3 bucks your new cost could be 30 dollars on a 10 to 1 reverse split. Then your hopelessly screwed like me.
If they do a reverse split as they just mentioned at 10 to 1 and the new price is 5.50 but your current cost is 3.50 your new price cost will be 35 dollars and you have no hope to ever break even.
That is true they are shorting like crazy and i don't think the problem is an oil glut it is demand and global deflation with no growth anywhre in the world.
What exactly is the problem when they posted the same revenues for the year 67-71 cents that justifies a 10 dollar plus share drop?
How can you defraud the shareholders in a public company by sweeping the profits away once the government has been paid back.
Oil at 50 or lower will not get financing for next year for drilling. Oil offshore and Canadian oil sands as well as many other places. If oil doesn't go higher no new projects and oil will be over 100 in 2017.