You couldn't be more right. Even though Trump's candidacy isn't really worth political consideration, the other GOP candidates are speaking out against his comments. Can you imagine this loose canon, with his finger on the nuclear button? I'd say "The Donald's" days are numbered. Still, this media performer will do, or say anything for viewer ratings..
I'm the least likely to indorse gay marriage, but as sure as the price of WTI crude is going back to the $40s, RIG will retest it's lows.
Tomorrow it ill be the collapse of the Chinese market , and the two day delay of the Iranian nuclear agreement. Both will bring down this market, and like todays 300 point reversal, it will be another opportunity to bound RIG around for a point and a half, but the inevitable can't be averted crude to the sub $50/ brl level, RIG to new lows.
even a one for three, would bring the price below $100/ shr. lets granma and granpa,buy some for the grandkids stocking. At $150/shr, it's getting too pricey . Just a thought.
Correction, you have it backwards, the Pres. is disarming Iran, thanks to the success of Secy. Kerry's nuclear negotiation's; and the whole world knows, Americas guns are always loaded
You think this WTI crude is low, wait till the Iranian light sweet hits the market soon, very soon. Domestic shale drilling will be cut back, and off shore will be nearly non existent, until late in the year.
Rig day rates at $395/day down from$600, Iranian crude to force WTI below $45/ barrel, China cutting back demand, and RIG below $15 in after hours, yea $22 by Fri.
Iranian crude ready to enter the market, crude going to $45/barrel or less, and your buying RIG at this price, you said it "no brainer".
It should support at 56 and change, depending on how the Iranian crude entering the market effects it.
Don't overlook the legacy of trillions of dollars of debt that George W. left the new administration, after being left a budget surplus due to 8 years of balanced budgets, a GDP OVER 5%, and unemployment under 5%. Those Clintons know how to run a economy, can't wait till 2016' when their in charge again.
Fish2 kill's comment's are mindless gibberish to be ignored, but the problems confronting the national scene, is the result of years of GOP obstructionist, congressional gridlock.
OPEC, WLL NOT CUT BACK, and it's just a matter of time till Iraq brokers a deal to get it's light sweet on the market. Off shore is dead money for the year.
End of peak driving season starts after july 4, the build of storage at near highs, opec won't cut back, Iraq crude will enter market shortly, and City says $40/ barrel or less, is likely. RIG has to break into new low range.