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Best Buy Co., Inc. Message Board

newgloryglobal 3 posts  |  Last Activity: Jan 1, 2015 12:58 AM Member since: Dec 13, 2012
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  • Oil recovers even modestly and cveo will as well, they move in lockstep (albeit that cveo is dependent upon the oil industry and not the other way around). As much as I would love oil to stay this low it won't. Might play in the $40-$50 range for a quarter or two but that won't last. Cveo is an excellent buy here below $5. I think $15-$20 in late 2015 is likely. Ignore the sensational click bait headlines and pundits. Commodities tend to move toward extremes of under and over pricing. If oil moves anywhere below $50 then third parties will start to store it just like Goldman Sachs did the year before over $150 barrel was breached. I'm aware of a trucking company in Illinois that is leasing an old brewery and retrofitting it to a diesel storage facility. The facility will cover 25% of their annual diesel usage. That's one helluva hedge and when I see stuff like this I know the days of sub $3 gas/diesel are numbered. Look for these type of extremes for buy signals.

  • Reply to

    You idiots don't get it

    by timetime222 Dec 31, 2014 10:05 PM
    newgloryglobal newgloryglobal Jan 1, 2015 12:34 AM Flag

    one geopolitical event and oil will be back above $80. Saudis and OPEC get to damage US/global fracking and clobber green energy both of which are unprofitable with oil under $85 barrel. When enough losses in these sectors occur to hold them over for a few years they'll kill their production. 2015 will be all the oil bears get for the next decade.

  • newgloryglobal newgloryglobal Dec 30, 2014 9:14 PM Flag

    Ill keep my perpective if you get some perspective. Wake up, civeo's "assets" are completely worthless without oil booming. Real estate: location, location, location. their real estate portfolio is worthless if not occupied by the seasonal and contract employment for oil employees. their locations are in terrible places nobody would ever want to live, even when working employees get the hell out of their every opportunity they have. the places are ghost towns during the holidays. civeo is essentially a leach riding the coattails of the energy companies and are completely dependent upon them. their "assets" as you call them are worse than worthless without oil booming because they are unsellable. nobody would ever consider buying the garbage unless it was for a massive discount. the type of discount buyers would find attractive during a bankruptcy auction. i see this stock below $2 shortly and a bankruptcy filing nex year when oil moves to $40 and then bounces and stabilizes in the $60's.

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