do you mean asset bubbles mean that oil stock prices (in US $) have to decrease ? anyway to explain WHY that would be?
U.A.E. Sees OPEC Output Unchanged Even If Oil Falls to $40 http://www.bloomberg.com/news/2014-...-change-output-even-if-price-drops-to-40.html
Not jumping it until crude stabilize first. Anything can happen just like 2009, from 140s down to 30s. This time won't be different. It is just a game control by some big guys at the back. Best ride their coattail and not against them.
Ha ha, fools is right. But CNBC isn't going to mention buying DWTI when it's in the 20's, lol. They're usually late to the party. But damn, that chart looks quite parabolic. And it's an ETN, even more risky than an ETF, and includes this statement in the prospectus: "If you hold your ETN as a long term investment, it is likely that you will lose all or a substantial portion of your investment." When crude futures spike, DWTI will suffer a substantial draw, which makes UWTI a good trading vehicle for those who can stomach the volatility of a 3x ETN.
people on twitter are looking for $8-$15 on oil(CL) in the next 6 months. Should have lots and lots of large down days on oil to make some easy coin
IMHO, if I were the deep pocket producer/exporter/importer, I will switch from producing and lock on price at $8-15 for future delivery. So very unlikely price head there, if it does, it is a lifetime opportunity with good risk/reward. If @8, a CL max loss is $8000(unlikely to go 0), while the gain can be many times.
my favorite magazine cover march 6,1999 guess the price in march 1999? december 1998 it was $9.88 Crude Oil (petroleum), Dated Brent, light blend 38 API, fob U.K., US Dollars per Barrel
Sounds like something private equity guys will be drooling over! And maybe the established un-leveraged producers.