I don't know if you are correct or not, but I do appreciate the fact that you at least said something. Even my broker didn't reply when I asked him what is happening. Thank you.
They think we don't understand the split. They don't seem to realize that most of us understand too well that we are getting screwed.
You can't take a beating unless you sell at a lose. By reinvesting the payouts, I'm buying at a discount, In the long run, when I do sell, I will have either less of a loss or more of a profit. It depends on the selling price.
Why do you keep reposting the same thing? You obviously have an agenda other than tying to be helpful.
Saudi Arabia & OPEC won't keep losing money much longer. They will reduce production to raise prices this summer not next. It could happen very soon, causing a large spike because of speculation. (yes, I just polished my crystal ball.)
Do your own research & draw your own conclusions. It's okay to listen to other people's views but it's your money if you decide to invest.
Why drill if you can't get enough for the oil to pay the costs? Oil in the ground isn't going to go away. Save it for another day.
No consideration given to if OPEC, & S.A. in particular, reduce their output. They will never allow $20 oil.
It won't be good. We are fooling ourselves if we think otherwise. What is important is whether owners hang on, or decide to bail. I'm staying knowing the future will be better.