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/biz/ - Business & Finance

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916898 No.916898 [Reply] [Original]

This is it, boys. The Saudis flinched. $100 oil incoming

http://www.wsj.com/articles/opec-chief-sees-oil-price-rising-on-investment-cuts-1444123148

>> No.916924

>>916898
can you copy the article into a paste-bin for those of us who don't want to give our shekels to jews for a subscription?

>> No.916928

>>916924
copy paste that URL in Google and click on the first result.

>> No.916938

>>916924
nice jew meme phaggot

>> No.917027

This is why /biz/ will never make it. Biggest story of the year and can't even do a simple Google search

>> No.917085

I TOLD YOU TO BUY VNR
BUT YOU DIDN'T LISTEN
AND NOW YOU HAVE TO DEAL WITH THE CONSEQUENCES OF YOUR ACTIONS

>> No.917103

Yay, Canada will get some money again

>> No.917124

>>917085
Add MEMP and ECA.

Good things happening at VNR tho... all dat insider buying

>> No.917138

>>917124
the fucking dividend classes were the real steals... though the spread fucking sucks dick most of the time

>> No.917221

I made a hundred dollars in the span of a few hours today with an original capital insertion of a few hundred dollars. Today was a good day, and hopefully tomorrow will be even better.

Saudi never stops delivering.

>> No.917249
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917249

So /biz think oil bottomed? No more dip backs?

>> No.917320

>>917249
Looks like it, but I seriously hope not. I'm not nearly done buying. I would imagine that even after crude bottoms, stocks could still drop off as banks reevaluate on 2015 numbers

>> No.917337

>>916898
what do you mean they flinched?
They pulled back on supply?

>> No.917347

so tomorrow i put my $3,000,000 in life savings into oil or what?

what does this mean

>> No.917388

>>917347

>$3,000,000
hello. i am arabian sheikh. i have business proposal for you. please pm me for details.

>> No.917390

>>917347
Bro you're two months late to the party

>> No.917404

>>917347
There should be a liquidity event soon after the news. The price climbed a little too fast today. Its gonna be a huge winner, long term regardless.

>> No.917423
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917423

The Saudis didn't blink. OPEC did. Saudis just lowered their OSP by $1.70/bbl to Asian customers.

Lots of short covering going on with refinery turnarounds going into place.

Every time oil goes up, onshore producers will be ordered by their funding banks to hedge heir forward sales. So...upon seeing the $50 in WTI you will see immense selling begin. There are hardly any onshore US producers hedged into 2016.

I'm not going to stand in the way of a steam roller but in the $50s, if I see a day where the price closes lower than the the low of the prior 4 days, I'm going to sell me some WTI. Or, buy some $35 puts in March 2016.

$30.00 before $100.00 /biz/ros

>> No.917518
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917518

>>917423
me gusta

>> No.917638

>>917423
In that scenario, wouldn't the hedging alone drive prices up through added demand?

>> No.917819

>didn't dump everything in oil at $39
>possibly safest buy I'll ever see, ever

Welp, should just kill myself probably.

>> No.917823

>>917085
WHY DIDN'T YOU FUCKING BUY?!?!

>> No.917834
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917834

>tfw Canadian

>> No.918638

I want to smother oil all over me

>> No.918681

>>917638
Yes . For a short period of time.