Futuristic Eskimo
All Star
Keep cooking, oil
Boiler Room: The Official Stock Market Discussion
Domingo Halliburton
Handmade in USA
australian dollar looks like a good short:
-slowing growth in China
-commodity prices depressed
-everyone moving away from coal
-weak growth
-central bank cutting interest rates
-slowing growth in China
-commodity prices depressed
-everyone moving away from coal
-weak growth
-central bank cutting interest rates
OPEC has another meeting on June 5th to discuss about the current market over saturation of crude oil. Even through Saudi Arabia has over 700 billion in oil reserves, they are going to start short changing themselves with providing the market with an abundance of oil at a fraction of the price. They eventually will need to price of the barrels to rise so that it can help their economy in the long run. All of the other middle eastern nations will not be able to profit from selling oil for cheap because their economy depends on exporting oil at a certain price. Saudi Arabia may be doing the over saturation now to limit the US shell production and/or to hurt Iran but it will eventually hurt their pockets too. China and Europe will be around even through they are in a down economy right now. Us consumers can enjoy the cheap gas for now but eventually it will rise again due to world politics and greed.
Futuristic Eskimo
All Star
What's the contract?I have about 664 days left until expiration
Jan 2017... need to get to about $70/barrel to break even
Domingo Halliburton
Handmade in USA
Saudi Arabia was in a similar position in the 80s, they cut production and lost market share. I dont think they're doing that again unless they have explicit consent from other countries they'll do the same.
They can't keep selling their product for cheap either in the long run. If Saudi Arabia stays over saturation the market with oil, it will cause more tensions with the other countries who need to sell their oil barrels to the world too including the US. Saudi Arabia needs help right now with dealing with rebels in Yemen. Now imaging if some of the surrounding nations and other militant groups says fukk Saudi and start attacking their country and oil fields because of their greed. Those boys are going to have to do some compromising soon and let the other nations eat.
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Let RAD be a lesson to those of you who attach negativity to any penny stock because of the associated stigma... could have bought it for $0.20 a share in 09
agreed, but to be fair, for every penny stock that miraculously brings 50x returns (or in the case of rite aid, makes a comeback) theres hundreds of them that get delisted, go into no bid, or reverse split themselves into oblivion
AVXL
Laughing at you n*ggaz like “ha ha ha”
Aye brehs, if I was looking at investing in a "hot" stock or industry, what would I choose and how would I get started? I've always been interested in stocks & money markets just never knew how to get into it. Pos rep & dap in advance
Bernie Madoff
Banned
HP @ 31.49... this is going to 50 brehs..
That HP stream 13 inch they got going at the chromebook is a really good product at that price point.. Bernie Lock HP is at 40.00 within a year.
That HP stream 13 inch they got going at the chromebook is a really good product at that price point.. Bernie Lock HP is at 40.00 within a year.
ill
Superstar
Oh shyt...thats the first lock I've heard from you since the great call on ACHN. Gonna have to hop in on Monday.
Bernie Madoff
Banned
Bernie Madoff
Banned
Domingo Halliburton
Handmade in USA
Only way I see upside