I screwed up. OPEC said they aren't cutting production

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  • lezinterracial
    Confirmed User
    • Jul 2012
    • 3116

    #1

    News I screwed up. OPEC said they aren't cutting production

    Bought some Seadrill and BP. A couple of weeks ago. They say not to catch a falling knife.

    Seadrill down 20% since I bought it. They announced no dividend. Down 8% in pre-market. Gonna be ugly.

    This will be interesting cause the Keystone pipeline shouldn't even be an issue anymore.
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  • arock10
    Confirmed User
    • Jan 2006
    • 6217

    #2
    Yea saw things were way down today. Just did some black friday shopping and picked up some BP and CVX
    Sup

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    • TheSquealer
      Mayor of Thneedville
      • Oct 2004
      • 26187

      #3
      Start shorting Russian banks and betting against the Ruble..
      .
      Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

      Rochard

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      • dyna mo
        just a fucking jerk
        • Dec 2008
        • 68184

        #4
        opec is looking to wipeout USA frackers who are leveraged up the ass and can't make their debt payments at $70/barrel oil.

        time to play hardball with the middle east. watch.

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        • lezinterracial
          Confirmed User
          • Jul 2012
          • 3116

          #5
          Originally posted by dyna mo
          opec is looking to wipeout USA frackers who are leveraged up the ass and can't make their debt payments at $70/barrel oil.

          time to play hardball with the middle east. watch.
          Yea, I agree. I'm wondering if demand is falling too. If the winter is pretty warm in Europe, won't see much demand for oil either.
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