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re: Stock market tomorrow after the Greece news

Posted on 6/29/15 at 11:32 am to
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 6/29/15 at 11:32 am to
quote:

Obviously Xom and CVX too


Wouldn't touch any oil stock right now.

Wait after the Iran deal, which will send oil prices to the abyss
This post was edited on 6/29/15 at 11:37 am
Posted by bayoubengals88
LA
Member since Sep 2007
18997 posts
Posted on 6/29/15 at 11:45 am to
quote:

Wait after the Iran deal, which will send oil prices to the abyss

When is this supposed to happen?
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 6/29/15 at 12:03 pm to
Are you saying Iran incentivizing companies to produce oil will cause the price to drop?

It seems like that would already be taken into account in the price
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38774 posts
Posted on 6/29/15 at 12:58 pm to
quote:

Wouldn't touch any oil stock right now.

Wait after the Iran deal, which will send oil prices to the abyss


I would argue it will help oil prices in the long run, if you turn a country like Iran loose in the middle east with nuclear capabilities.
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