Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (8466)	3/18/2020 7:59:28 PM
From: John Koligman	Read Replies (3) \| Respond to of 26640

At this point who knows. Too many unknowns as I see it. The big one is what will the Saudis and Russians ultimately do. Aside from that, if oil stays low for a longer period of time, will the US Government subside the shale industry? If not, a substantial portion of it will be shuttered if prices don't recover. What should occur is as US production craters that would help put a floor in. Other thing to think about is what happens to the oils if a Democrat wins in November. I think there will be some good movement in the stocks as news/rumors about the Russians/Saudis hits the market from time to time. Other thing to consider is that I have to believe massive dividend cuts are coming, even for the majors. BP now pays somewhere around 13%. I suppose if you have a longer term view you could buy something like CVX and see how things play out.