To: brownwill6767
The oil industry has been having booms and busts for over a century and they are still here and producing more oil in the US than ever before. This second quarter is not going to be good. Let's see what the third quarter brings. If the lockdowns are lifted swiftly, and the pent up need to drive and travel comes along, the price of oil could go up again.
To: SmokingJoe
I am optimistic about oil companies and have bought a few shares-however, I am not an agressive buyer at this time.
To: SmokingJoe
Oh God, next boom, I promise not to piss it away.
I have been through $12 oil.
Maybe this time, we will get rid of the SOBs in the Field.
12 posted on
04/19/2020 6:47:48 PM PDT by
razorback-bert
(Due to the high price of ammo, no warning shot will be fired.)
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