The DOW will be way up Monday, no doubt.
To: dynachrome
All by design. OPEC is trying to bankrupt the smaller players. Sure it’ll hurt them too in the short term, but they will be the last one standing.
2 posted on
11/28/2014 4:24:41 PM PST by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: dynachrome
Brent Crude is down to 70. T Boone Pickens said it would never go below $100.
6 posted on
11/28/2014 4:29:14 PM PST by
AppyPappy
(If you are not part of the solution, there is good money to be made prolonging the problem.)
To: dynachrome
7 posted on
11/28/2014 4:29:25 PM PST by
nascarnation
(Impeach, Convict, Deport)
To: dynachrome
Long term buying opportunity. Those big suppliers aren’t going anywhere, but in the short term they might reach affordable.
9 posted on
11/28/2014 4:33:49 PM PST by
Steamburg
(Other people's money is the only language a politician respects)
To: dynachrome
Deflation - what if its $50 a barrel? Gas prices at the pump are already $2.25. We may see them go down to $1.75 soon.
11 posted on
11/28/2014 4:44:48 PM PST by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: dynachrome
Why would the price of oil going down be a bad thing?
15 posted on
11/28/2014 4:52:27 PM PST by
babygene
To: dynachrome
Also some related industries are geting slammed too. American Railcar Industries, (ARII) a manufacturer of tanker rail cars, is down 13%.
To: expat_panama; Wyatt's Torch; 1010RD; Lurkina.n.Learnin
Hope you all had a wonderful Thanksgiving.
Lookie here! We have an OPEC sell off and an OPEC Tax Cut. ; ) Ain't that grand!
This is the best thing for the working poor and middle class folks. Yippee!
27 posted on
11/28/2014 5:38:00 PM PST by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: dynachrome
The price of a company’s stock has little impact on the bottom line of said company. If they need to raise money in the capital market, which they probably don’t need to do, it would impact a secondary issue of stock. the price of the underlying commodity will impact the company depending on how they are positioned. Oil companies are refineries. They process the oil for other uses. i’m not an economist but if it were my company and the commodity price crashed i would consider that a good thing.
29 posted on
11/28/2014 5:52:09 PM PST by
kvanbrunt2
(civil law: commanding what is right and prohibiting what is wrong Blackstone Commentaries I p44)
To: dynachrome
I bought a bunch of FRG the nat gas ETF...it is at 52wk low today, down like 10%
37 posted on
11/28/2014 6:31:06 PM PST by
CincyRichieRich
(In Times of Universal Deceit, Telling the Truth Becomes a Revolutionary Act.)
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