SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: xstuckey who wrote (68221)10/31/2008 4:41:53 PM
From: Dale BakerRespond to of 118717
 
The CEO buy in PRC for 50K shares tells me they should be on track. The price also leveled off decently in the high .50's, at least for now.

I can't predict the price of oil short-term except to figure that if it does drop enough, a lot of drilling will stop and supply will also fall into it comes back again. I don't see a sustainable equilibrium under $50 with today's finding and lifting costs.

Just a guess though.



To: xstuckey who wrote (68221)10/31/2008 4:45:41 PM
From: KyrosLRespond to of 118717
 
I think the correct question is will the deflation deflate the costs of oil extraction faster than it deflates the oil price. If we are at or close to peak oil, the answer should be yes.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News