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re: Crude Oil up 8% as OPEC Agrees to Cut Output

Posted on 11/30/16 at 11:08 am to
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 11/30/16 at 11:08 am to
Yeah but I bet you're making a killing on that fried chicken right?
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 11/30/16 at 11:14 am to
I do ok you could say, fried chicken,sodas,condoms whatever it takes for a grease monkey like myself to get ahead. Real talk though lunchbox remember when you came at me and I was driving home and I did this to ya?
Posted by Pectus
Internet
Member since Apr 2010
67302 posts
Posted on 11/30/16 at 11:34 am to
Artifically limiting supply?

Eek.
Posted by JOHNN
Prairieville
Member since Nov 2008
4363 posts
Posted on 11/30/16 at 11:36 am to
quote:

Owners of gas stations rush outside to raise price on pumps even though this won't affect their pricing for weeks or months.


Hate to break it to you but the price of gas is based on the price for the current load of fuel being used. This is why gas stations dirrectly next to each other or across thr street alot of times have different prices one day and eventually are the same a day or two later.
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
13594 posts
Posted on 11/30/16 at 11:40 am to
SELL THE FEMA TRAILERS AND UPGRADE TO DOUBLE WIDES BAWS!
Posted by LNCHBOX
70448
Member since Jun 2009
84535 posts
Posted on 11/30/16 at 12:08 pm to
Congrats on your leased Rolls financied by your dead uncle's business. How nice that you were lucky enough to win the gene pool lottery.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 11/30/16 at 12:10 pm to
That's what OPEC was established to do? They done it for years until recently.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 11/30/16 at 12:15 pm to
lol lunchbox you're so salty I love it. Anyways yes I'm blessed he gave me a head start but I've expanded quite a bit in all these years on my own. Surely your education and initial steps in life were never given a push forward by parents or other family, I assume you were self made in every step along the way in life so congrats on that, I'm gonna go cry in the corner now
Posted by LNCHBOX
70448
Member since Jun 2009
84535 posts
Posted on 11/30/16 at 12:17 pm to
I'm not the guy that is posting pictures to call out some stranger on a message board. I'm glad you got given the good life, I really am. But stop acting like you made yourself. You're a fraud.

Don't like me pointing it out, maybe you shouldn't have shared it online.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 11/30/16 at 12:21 pm to
Well I expanded it on my own, hell my uncle did it make it on his own he had rich parents who invested in the us a long time ago so him and my dad could come over and own businesses here. Our family owns a lot of agricultural land in Estonia and it was passed down over the years so he wasn't self made either. I'm sorry for triggering you, I just do it to mess around since you get so rattled. I'll stop now, but remember even Obama said "if you own a business,you didn't build it"
Posted by LNCHBOX
70448
Member since Jun 2009
84535 posts
Posted on 11/30/16 at 12:23 pm to
I'm not rattled by your Rolls. Sorry to disappoint you. I know you're used to people being impressed by your car.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 11/30/16 at 12:24 pm to
This is a fricking race to the bottom if I've ever seen one.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 11/30/16 at 12:32 pm to
Just because there is a lot of oil, doesn't mean it's easy or cheap to produce.
Posted by Jim Rockford
Member since May 2011
98746 posts
Posted on 11/30/16 at 12:37 pm to
Trump's BFF Putin will have more money to make mischief with> MAGA.
Posted by Zap Rowsdower
MissLou, La
Member since Sep 2010
13342 posts
Posted on 11/30/16 at 12:37 pm to
quote:

I'll start polishing my truck nuts tonight.

FINNA EAT!


No Yeti Left Behind!
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 11/30/16 at 12:41 pm to
I've been telling people to buy BP and XOM stock and everyone laughed at me. Please don't come back with a counter argument as I don't know enough to put up a reasonable fight. Thanks
Posted by tigersownall
Thibodaux
Member since Sep 2011
15401 posts
Posted on 11/30/16 at 12:42 pm to
Please just start drilling in the gulf again. frick
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 11/30/16 at 12:46 pm to
Windshield man Exxon and chevron both trade over 100x earnings do you realize how gross that is unless you're a tech co growing revenues every quarter like Amazon or tesla? It's gross and all those oil companies stocks and the pigs who hold them at these valuations will be slaughtered mark my words. The dividends are safe now bc of cash reserves but the payout ratios are not sustainable in any meaningful way. If you pay out 6-8x earnings in dividends then unless earnings ramp back up you cannot maintain it long term. Mark this post and we will talk again I recently went short chevron at $110+ and will hold the risk/reward is not there on the long side at these levels
Posted by bnb9433
Member since Jan 2015
13807 posts
Posted on 11/30/16 at 12:47 pm to
quote:

Just because there is a lot of oil, doesn't mean it's easy or cheap to produce.


this guy gets it
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
67023 posts
Posted on 11/30/16 at 12:48 pm to
quote:

an agreement in line with a tentative deal reached in Algiers


Westbank doing work, son
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