/biz/ - Business & Finance

>>19143444
>>19143546
Well...about lockdowns, we got to watch China and Brazil. China may enter another lockdown. Brazil took 0 precautions and locking down...and their cases are skyrocketing still exponentially showing "herd immunity" might be catastrophic if the rate continues. Sweden was never a good example because they in fact did shut down businesses where a lot of people gathered, the average home has 1-2 people only, and in general they have a culture of social distancing. If this respreads and results look poor from China and Brazil, fuck locking down, if Trump doesn't do it people will do it on their own and governors out of sheer fear as our own cases skyrocket past previous peak.

But anyways, I didn't know about Shale being THAT poorly off. Well shit. Well, assuming no lockdown or pseudo-lockdown v2 you are probably right....but oil prices will probably remain at like 30 or something, there is just no way in hell that is going up. And if it does go obscenely to 60....production overdrive I would bet just because companies are greedy, economics and your logic be damned, that is a lot of money when they desperately need it. Thus making backwardation which may make another contango.

But if lockdown happens...yea, game over, no need to explain. I am personally very distrustful of the saudis and russians and don't think they are truly cutting as much as expected nor will keep it cut as long as needed. The underlying reasons for a price war never went away, they just went "we will play nice now." I can fully see them price warring all over again.

Honestly I am somewhat shooting the shit, not making concrete arguments here or anything. I am not saying this is truth or whatever, just my own opinions and speculation prior to actually seeing numbers for anything for the future. Your reasoning is more solid than my blanket pessimism + greed thesis.

Either way 99% sure as well oil is gonna die this week as well.

>>19143532
COLD DEAD HANDS

>>18274972
I meant when he shilled for Verizon nonstop and the stock plummeted hard during a minus 2k day and his phone rang and had to go. This event sounds just as interesting though. Either way I do think things will go up Monday. Most stocks are halved, we already are in a depression ffs.