What is this guy smoking?
Saut is also not spooked by the decline in crude oil prices. He says oil started a bottoming process at about $42 per barrel in February, despite prices falling to seven-year lows and below $35 per barrel yesterday.
The whole brew. You are right. probably unprecedented. I am just thinking about the lockup. That's the canary in the coal mine.
'They" are in control and will continue to be in control. They have the market where they want it. No Chance they let the market tank running into the first rate hike in a decade.
No 'progress' unless you have free flow of information and capital. Selling off your natural resources is environmental socialism.
I don't own this company. PEG is too high. But I think someone with a lot of $$$ on the line wants this stock to go down.