(Total Views: 320)
Posted On: 10/06/2017 12:12:53 AM
Post# of 43066
Hey Faustus,
I will say no matter what the price of oil is, P2O has ZERO chance of making it with the current CEO.
But lets look back....
June 2008 oil was over $158
April 2010 to Aug 2014 oil was around $100
Jan 2016 oil was just under $30
May 2016 till now oil is around $50
So oil hits the $53 you speak of and say goes to $90 in the next 2 days?
PTOI and P2O has never made it at any price point.
Not $100 or even $150+
So unless oil goes to $1500 a barrel +..... PTOI has ZERO chance!
And even then.... Who knows!
I will say no matter what the price of oil is, P2O has ZERO chance of making it with the current CEO.
But lets look back....
June 2008 oil was over $158
April 2010 to Aug 2014 oil was around $100
Jan 2016 oil was just under $30
May 2016 till now oil is around $50
So oil hits the $53 you speak of and say goes to $90 in the next 2 days?
PTOI and P2O has never made it at any price point.
Not $100 or even $150+
So unless oil goes to $1500 a barrel +..... PTOI has ZERO chance!
And even then.... Who knows!
Quote:
Hey 100% Correct DD guy -
I was wondering what you think the chances are for pyrolysis in general if oil stays above $50 / barrel? Here's an opinion from a well known analyst:
"The level to watch here is $53 per barrel. If oil can push through this multiyear downtrend and hold above the $53 level, oil's next leg higher may be starting."
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