While big boys continue to dump them
Fools jumped in. Glut is growing, TDW will be under 1 this year
before all come crumbling down
Hey fool that also means demand for crude going down. Glut is actually getting worse. Hundreds of super tankers parked in sea in Asia and around the world. NO buyers
Search in Google
"Something Stunning Is Taking Place Off The Coast Of Singapore"
For a visual map
Good luck, hold the bag soon
As Asia's main physical oil trading hub, the number of parked tankers sitting off Singapore's coast or in nearby Malaysian waters is seen by many as a gauge of the industry's health. Judging by this, oil markets are still sickly: a fleet of 40 supertankers is currently anchored in the region's coastal waters for use as floating storage facilities.
The glut is not only constant but is rising with every passing week: the tankers are filled with 47.7 million barrels of oil, mostly crude, up 10 percent from the previous week, according to newly collected freight data in Thomson Reuters Eikon.
Fake rally has come too far. Check google. Report came out today that mega tankers are parked idle all around the globe specially in asian trading hubs, full of oil. Hundreds of them. And also that glut is getting worse.
Everything manipulators were using to manipulate crude is going away. Crude is stand to fall below 40 this month.
I agree. This is a pure manipulation. There is no way any sane person would buy ETE today when crude is all set to collapse. Market makers are holding bid/ask hostage. Every other crude stock is down except this. That alone is a good indication that the manipulation is in its final leg.
Fools like you, OMG. 9 to 6 in a week when crude sky rocketed in the same period. Now when the crude falls back to ground, this turd will be under 3.
There isn't going to be a huge demand of oil in future with respect to supply
THE BLAST GOING TO BE.
ETE will be below 6, just watch
This is exactly same as what happened during banking crisis. Banks shares went up after the dip and then the whole thing crashed again and again several times. Fools are comparing oil stock prices to levels when oil was a the king. Oil companies are barely surviving. Once the manipulators suck enough number of retail fools, rug will be pulled.
As soon as manipulation is over