Just noticed that EPE is below 3.00 (now at 2.98). This stock was around the 20.00 mark about 18 months ago I cant believe it took a dive like this.
This is a good time to buy I am going to purchase 3000 shares.
Oil has more downside. RBS predicted $16 a barrel.
Standard Chartered says $10
isn't that unsustainable?
Standard Chartered says $10
Sauds might start paying people to take barrels to bury shale. To say this has been ruthlessly effective would be an understatement. Question is when all the bankruptcies come.
well the way credit performed today it looks like a 44% chance of some major energy bankruptcies this year.
I think the Street understands, but I don't think the average person understands the ripple effect these bankruptcies will have on the economy, while they cheer low gas prices.
Meanwhile, a study showed people were taking gas savings and spending it on premium gas.