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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (106472)8/4/2008 1:12:03 PM
From: Gold Beach  Read Replies (1) of 206325
 
CNBC--hedge funds

As I recall, they said the end result was a big dump of oil stocks on the market today. I was walking by the TV and only caught part of the conversation.

I still don't see a big volume drop in CNQ, SU and other larger Canadian oil stocks--nor for that matter XOM.

Seems like a steady down over the past weeks. For every $4 down on oil, CNQ drops over $6. Where will CNQ be if oil hits $80?
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