Posted On: 04/13/2016 1:16:14 PM
Post# of 23095
$GLRI Nice chance to load in the dip before the rip, for this one and other oil pays. Expecting run before OPEC meeting this weekend. That's the speculative point of view.
A more conservative point of view. Production freeze or no freeze, the fact is that at certain oil prices some companies just have to stop production. They spend more while operating that what they get for the product. So, there's a production cut without any need of agreements.
Track oil price here
http://www.cmegroup.com/trading/energy/crude-...crude.html
A more conservative point of view. Production freeze or no freeze, the fact is that at certain oil prices some companies just have to stop production. They spend more while operating that what they get for the product. So, there's a production cut without any need of agreements.
Track oil price here
http://www.cmegroup.com/trading/energy/crude-...crude.html
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
