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Re: could have averaged up in this POS CA e+p sector "The major producing basins are in permanent decline Russia SA Iran Nigeria Venezuela Mexico and on and on." not sure I agree with all of that find a monthly very long term chart of oil an pretend you are a big insty generalist then try and determine a mid point oil price the volatility around a low elasticity commodity is absurd that is why they keep exposure to the majors and tier below if oil gets a 6 month run 90-100, every small fry needs to get debt toas near zero as possible forget this multiple to CF crap- get the debt out of the picture then there will be less insty fear if they get sector entry point wrong an may be more willing to hold longer term |
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Msg # | Subject | Author | Recs | Date Posted |
1387 | Re: could have averaged up in this POS CA e+p sector | jvw778 | 0 | 6/2/2023 9:04:27 AM |
1392 | Re: could have averaged up in this POS CA e+p sector | batman10023 | 0 | 6/6/2023 9:20:56 AM |