--because they've been down or because something new is happening now? This is the core of all our head-scratching here....
I wonder if oil hasn’t found a floor and will now be in a $45-$55 trading range...
IMO, nothing new is happening. Petroleum and the industry that provides it AIN’T going away, not in the next hundred years. The boom and bust cycles are a historical part of the biz, and represent an opportunity to accumulate companies at a bargain price.