The downside of looking at immediate data is that it blinds you to the future direction. If its been bearish, people get more bearish, and vice versa. The market is NEVER linear and I remain happily long oil assets.
How will Fracking Bonds get support as the profits are eroded by an oversupply of Oil? Will the ability to poke holes in the ground be impaired by an economic Recession?
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
8 Comments
At $65-70, taps start turning off and investment freezes. $60 oil is not sustainable.
Must be the bottom if Analysts are saying that now, same way they kept saying its going to 100+ right before the downturn
Paul's been bullish on 100 and now 60$ They must be going to 100….
Gotta give him credit for changing his views…He's been one of the biggest oil bulls on CNBC for years (including during the decline).
oil more likely to hit $160 than $60 for long term
The downside of looking at immediate data is that it blinds you to the future direction. If its been bearish, people get more bearish, and vice versa. The market is NEVER linear and I remain happily long oil assets.
How will Fracking Bonds get support as the profits are eroded by an oversupply of Oil?
Will the ability to poke holes in the ground be impaired by an economic Recession?
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!