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lezinterracial

11-28-2014 04:21 AM

I screwed up. OPEC said they aren't cutting production

Bought some Seadrill and BP. A couple of weeks ago. They say not to catch a falling knife.

Seadrill down 20% since I bought it. They announced no dividend. Down 8% in pre-market. Gonna be ugly.

This will be interesting cause the Keystone pipeline shouldn't even be an issue anymore.

arock10

11-28-2014 08:43 AM

Yea saw things were way down today. Just did some black friday shopping and picked up some BP and CVX

TheSquealer

11-28-2014 08:44 AM

Start shorting Russian banks and betting against the Ruble..

dyna mo

11-28-2014 08:46 AM

opec is looking to wipeout USA frackers who are leveraged up the ass and can't make their debt payments at $70/barrel oil.

time to play hardball with the middle east. watch.

lezinterracial

11-28-2014 09:22 AM

Quote:

Originally Posted by dyna mo (Post 20304901)

opec is looking to wipeout USA frackers who are leveraged up the ass and can't make their debt payments at $70/barrel oil.

time to play hardball with the middle east. watch.

Yea, I agree. I'm wondering if demand is falling too. If the winter is pretty warm in Europe, won't see much demand for oil either.

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