re: Oil prices and stock market

quote:

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I would hardly call it stabilization simply based on the fact that we were in a recession bound to come out, and there were a lot of unknowns. It was a prosperous time for prior investors which has now resulted in greed. I do believe prices will "stabilize" around $80 but would not be surprised if it falls short.

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I mean, we can all speculate where the prices will land after this shock to the market, but prices were stable for the past 4 years. That doesn't mean that when prices come back up that it will stabilize at that amount again though. It could stabilize at $80 or lower.

However, it will come back up, and I wish I had money to invest in these oil companies right now.