Not only that.Everywhere I go, I see these all these new refineries popping up like Starbucks.Just kiddin', but refiners are trading like it's so.Added some today.
Full disclosure: I may be wrong.
Fred,you might want to wait until some insiders buy.
No one knows the prospects for the company and industry better.Contract drillers are trading like they're all going to zero.
There are two types of people. Those who don't know where the price of oil is going and those who don't know they don't know where the price of oil is going.
Good luck all the same!
I used to think there is a social component to shopping for women.The price action in just about all retailers tells me I may be wrong. Is Amazon really going to wipe out bricks and mortar retailers.Come on my countrywomen,save my #$%$.
Karen Finerman is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, DIS puts, FL, GOOG, GOOGL, GPS, JPM, KORS, KORS call spreads, M, M calls, M call spreads, M puts, MA, SUNE, SUNE call spreads, URI, URI long puts, her firm is short IWM, SPY, MDY, USO, XRT, Karen Finerman is on the board of GrafTech International.
Funds also dared not show this on their books @ the end of qtr.
So they sold and then buy back a few days later. This is the financial wizards at work.LOL
There must be some forced liquidations,margin calls underway.Margin is great in a bull market,a killer in a bear.
Remember a GS analyst also called for 200 $ oil in 07.
We all know how that worked out.