good luck with much happening in Iran and so what if China buys more oil from Venezuela, nothing new there and Venezuela is having a lot of problems selling any of their oil at the current price.
when does OPEC cave, no longer an if but simply a when. I'd think soon, it's not like than can ever hope to permanently remove other production. Not sure why they would even think that this was possible.
I don't like short selling but it does basically just create a future buyer. Certainly could do without the added volatility
Doubt if prices jump back anything like that but it sure looks like a lot of oil stocks have bottomed. and there is a LONG way back up from here. The wall of worry looks like a mountain from here to be climbed.
VZ throwing in the towel on idea you could stop oil development in the US. The best OPEC can do is lower their revenue and defer some US production while they run their sale. Not exactly a game they can ever hope to win seems to me.
And it's a bargain at $127k, I'm actually buying 3 for my 3 teenagers, and 2 more for the wife and myself. Selling the paid off house to pull it off but how can you resist a 103 out of 100!
I think between the dividend, the low PE and the amazing P/S ratios compared to GM, this is a screaming buy to 1000 and beyond, 500 is way too low for this bad boy.
They eliminate the Dividend or something? I'll continue to reinvest and wait for some sanity to return. Insiders always sell as they get too many free shares pretty much at every company
I'm riding a rocket straight down today. Did they eliminate the dividend or something also beyond soft earnings and revenue?