and oil has gone up with that. so if china goes up 5% today, oil will go up over a point.
it will be for those who have patience. this downturn will wipe out smaller players. These big players like CHK will then make money hand over fist
Oil will be over 100 once they manage to shut down some small shale players here. Once demand exceed 1mil bbl the supply, crude will be above 100. This is exactly what it was last year. Demand was just 1 mil more than supply and crude was 120.
Hang in there. The way these manipulators work, they will first see if enough retail shorts are in the game. The manipulators will then switch position quickly and drill hole into retail short bottoms.
just watch how wall street works
among shorts. Shorts are on a very dangerous grounds. Trying to wait for a few more pennies will cost them big. This slide is artificial.
Wall street manipulators at their best
Opinion and flat lies are two different things. Lies like this to influence stock trading are illegal under SEC rules. Hope you don't want to be a girl friend of a drug dealer in federal penitentiary. For those brainless people who believe in anything anybody says, an insider cannot trade like a non-insider. An insider needs to notify SEC in advance before selling shares. Also, this is a blackout period for insiders, no insider can buy or sell until the earnings.
This is the time people.
CHK is a Nat Gas producer. But there are lot of fool out there who trade CHK as if this is a oil stock
Amazon and Netflix and pretty much most tech companies either don't pay or pay a few pennies as dividend. Look at their stock prices.
Iran never stopped shipping oil and even with the best estimates, they only have 200k bbl extra to ship. Now that their economy will also improve, that amount will easily be consumed internally. So all these news of oil glut are being spread by manipulators. When oil was at 120, demand/supply was only marginally different from what we have today.
its all about dollar
just a matter of days before it spikes back. Current market cap is less than the profit they earned in 2014. You will look back in 2016 and hit your head if you don't load up.
API data show weekly U.S. crude supplies up 1.8 million barrels The American Petroleum Institute late Tuesday reported that crude supplies rose 1.8 million barrels for the week ended May 29, according to sources. Analysts surveyed by Platts forecast a 2.4 million-barrel decline. July crude was at $61.01 a barrel in electronic trading, down from the $61.26 . The more closely watched Energy Information Administration report is due Wednesday.