they probably end up buying all the small oil companies for peanuts if things gets worse.
On the other hand cutting cost was needed and we could see the stock above 90 dollars soon.
is only airing the talking heads who buy air time from them. Don't trust the shorts on CNBC being negative on Oil. remember CNBC bashing AAPL 300 points before?
Do your dd and don't trust CNBC.
Saudis just announced that they will cut production soon.
HAHAHA die shorts!!
Sentiment: Strong Buy
GS is short oil stocks big time. Anytime oil is up a GS talking head come on CNBC bashing oil.
We get it GS, you are short oil and all you want is for us to sell our shares!
No thanks, I wait for now!
unfortunately, the saving is not passed down to us but is used to keep the oil companies alive and not to forget millions of jobs being lost.
Low oil price is not a good for anyone!
I am not sure if keeping oil prices down is due to oversupply or more political games.
All your scenarios will be obsolete if OPEC stop pumping oil and other oil companies will follow. Lower oil is bad for everyone but China!
If the issue is hugh oil inventory, OPEC and other oil companies should stop pumping more oil.
I am sure the demand is still high as India and China are going to be the biggest importers of oil.
borrowing billion dollars a day to keep the oil prices down. For each dollar they are losing, China is making twice as much! Not very smart!!
Not to mention millions of jobs lost and industries destroyed!
How long before Saudis realize that by losing billion dollars a day the joke is on them!
Only China is winning here.
Over the last 12 months due to OPEC stupid actions, million jobs has been lost around the world.
GS plays it both ways as usual. They short the stock and then hype it!
I never trust them after what they did in 2008!