Hang in there, better days to come next year. Holding where I am for now for a better day. I was able to exchange some stocks to dry powder. Just waiting for bottom. GL & best to you also!
Ray, You are correct to suspect the possibility of a 20% correction. I believe the chickens will come to roost before year end. JMHO.
This sets a dangerous precedent that many other countries in trouble may follow by defaulting and not paying back their loans. This will leave banks and creditors holding billions in worthless loans that will have to be written off. Am I misreading this situation? One can only imagine what this will do to financial markets. GLTA.
Don't forget what other force was at work at that time giving Bill the credit. Remember Newt's contract with America? In spite of that, we didn't turn the deficient around, just came close to balancing it.
Saving some dry powder for what may be the buying opportunity in a couple of months. We might be under $50 before the end of the year. Just my humble read. Don't shoot the messenger. GLTA.
Agree with you Bobby. RDS could get back to $80 in two years. All based on price of oil and NGAS. I believe the company has positioned itself for its best opportunity for profits by sheading poor performers.
Yes, two years at least. We are up to our necks in crude under storage. Tankers are parked offshore Galveston. Although rigs are being stacked, employees laid off, projects put on hold, and more daily, it will take some time to deplete what we have currently producing. I don't see this current condition going away any time soon. I've seen several of these turndowns, and so have you. This one will take longer to settle.
All eyes on middle east developments. Saudi territory is now under attack (in the news this morning). Just a matter of time with escalation of the fighting will oil exports from that region be impacted. JMHO.
All the best to you and others on this board.
Red: There's an old saying around the company hallways that Shell will make money in spite of themselves. Don't forget that this has been thought out and number crunched to the "Nth" degree before it occurred. GLTA.
Agree with you. This is just the beginning of an escalating ugly regional event. Oil production won't be cut back voluntarily, as oil export terminals may suffer collateral damage from the fray of conflict.
Wishful thinking, the saudi's will not cut production until their stated goal is achieved. The scenario of sanctions lifted on Iran could lower crude prices while putting more crude on the market, as stated already in the media. Recall that if the lifting of sanctions is part of the Bad deal according to Israel, don't expect this to last very long. As BiBi stated, Israel would act alone if necessary to prevent an established nuclear Iran, and there is no telling how that would change the middle east or its effect on world markets. Maybe if our president offers the Iranians enough jobs, cell phones, or entitlements, they will change their course and ideology, and all this doom and gloom will be averted.