Very bad day. Selling intensifying.
To me, they are just locking in their losses and with the inflation rate, they are just going to lose more if they have cash positions.
At least if they hold tight, they will be in position to ride it back up, even if it's years later.
Stolen elections have consequences.
> Very bad day. Selling intensifying.
For those that are long.
For others, it’s a return to more rational values and a coming cleansing of zombie companies that were living off of borrowing.
Waiting to buy some Suncor, but still thinking oil hasn’t quite bottomed yet.