LOOK AROUND. The world is awash in oil. Why can't COP see 52 or 45?
IN? Who wants to be IN when the oil sector hasn't stopped crashing??
Just where do u "investors" come from?
I'd be very careful about buying at this level because if the price drops below $60 there is nothing but air under that with no strong support until around $45/share. Weak support at around $52/share
DPM hits new lows almost every day. It has now surpassed a 5 year low. It may take a lifetime for many investors to ever recover from this crash.
This is one stock to stay away from. Best to buy stocks going up and forget about a 100 to 1 long shot on this money destroyer.
I still think oil will fall to $35/barrel. The world is awash in oil. So much oil and no where to store it now. Every ocean tanker is full. Every on shore storage facility is full. There is no place to put the excess but the shale drillers keep drilling. That will soon have to stop.
That doesn't mean oil cannot rise from here because everything in our economy is now controlled by the white house/government/Fed
The least risk was to buy more at $23. Not at $16 because no one knows how low a stock can fall. Besides that use the funds available to BUY STOCKS GOING UP INSTEAD OF GOING DOWN.
You a comedian? The FED is never going to raise rates in my lifetime. They are boxed into a corner from which they cannot extract themselves.
No dar is correct. The management are a bunch of thieves and should be thrown in jail with no pension ever. They should be made to be bankrupted.
this has been going on for almost a year. Most of the incoming capital is from Europe, some from china moving to the US. That is why the US Dollar is high and will go much higher contrary to most wall street mouthpieces. And it is why the stock market will keep going up with small corrections.
Advice for what t is worth................BTFD
The one thing that bothers me is the chart of TIS is very close to breaking down today, 1 June 2105 and if it breaks 21.42, it may drop to $16-$19 a share. I would not be a buyer until this gets resolved or TIS climbs above the 50DMA.