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re: Oil stocks, oversupply and the Iran deal
Posted on 3/18/15 at 12:51 pm to Lou Pai
Posted on 3/18/15 at 12:51 pm to Lou Pai
Oil dropped even lower on inventory data baws. If Yellen doesn't say the word "patient" here in half an hour, we could really start to approach the $40 mark.
Edit: Looks like I was 100% wrong on the initial move. Guess it was already priced in. Doesn't make any sense to me.
Edit: Looks like I was 100% wrong on the initial move. Guess it was already priced in. Doesn't make any sense to me.
This post was edited on 3/18/15 at 1:34 pm
2
Posted on 3/18/15 at 1:39 pm to Lou Pai
I is a penny stock but I have been watching VOIL.
they are prospecting in UTAH. While they have not hit anything yet once they do their stock price will go up a bit. And then rise further with oil prices climbing again.
they are prospecting in UTAH. While they have not hit anything yet once they do their stock price will go up a bit. And then rise further with oil prices climbing again.
Posted on 3/18/15 at 2:08 pm to Lou Pai
quote:
Doesn't make any sense to me.
Same here
I thought it would take a nose dive, instead most oil stocks are up big time, SM is up 10%
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