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re: Oil stocks...are you buying?
Posted on 1/13/16 at 7:52 pm to cuyahoga tiger
Posted on 1/13/16 at 7:52 pm to cuyahoga tiger
Some companies might not make it through this year. Lots of layoffs. BBEP was a great dividend producer but it crashed. Glad I got out when I did. Lots of companies are cutting back. Word is the dirty Saudis are planning on putting more oil on the market this year than last year. Not good.
1
Posted on 1/13/16 at 10:41 pm to Fat Bastard
I'm batching because I'm down. But KMI should not trade in step with oil the way it does. It is mainly a transport company. And they locked their oil in at $80/brl for this year too. Incredibly undervalued.
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