Oil Downturn becoming an Upturn?

[I make oil]

Already own them. I've had them since '99. Bought EOG this week and back to RIG at $13.80.

[ahlangle]

I think crude prices are near the bottom, but not at the bottom yet. Many companies wanting to take advantage of the price environment will wait until they believe prices have reached a floor to make acquisitions. This will be an indicator of the beginning of the up-swing.
Another factor is the geopolitical environment: as the US talks exporting laws that extend past Canada and Mexico, the decision, which will likely be made before the presidential election, will have a huge impact on prices, as does everything in the news.
I'd look for prices to change a lot in 2016, and begin steadily rising late 2016.

["W"]

Apple was a $700 stock and its at its low not close to high

[redaddiction]

Originally Posted by "W"

Apple was a $700 stock and its at its low not close to high

Not quite. Apple's market cap is still the same after the split. The $100 price today is the same as the $700 price before the split valuation wise. There are more outstanding shares now than before the split.

It's not nearly the same, the stock being $100 before there was a split, and being $100 now.

["W"]

Originally Posted by redaddiction

Not quite. Apple's market cap is still the same after the split. The $100 price today is the same as the $700 price before the split valuation wise. There are more outstanding shares now than before the split.

It's not nearly the same, the stock being $100 before there was a split, and being $100 now.

Just remember I told u so



I'll see u at $200 soon

[Crankbait36]

WTI is saying oil will go below 30$ a barrel later this year as we are running out of oil storage in America!

["W"]

I called it the 1st time !! Just passing on info from a good source that Apple is going to move up soon over $200 a share

Simple math . You put 10k it can be 20k soon

[I make oil]

http://oilpro.com/post/18152/time-up...=Article_2_txt

This is brilliantly written. If you have any interest at all in this you should read it.

[jopete]

all i know is that i need to be on a job instead of reading about all u 'trumps' and your stock options. lol

[MathGeek]

Can the company be profitable with gas under $2.00 a gallon?

["W"]

Originally Posted by MathGeek

Can the company be profitable with gas under $2.00 a gallon?

Yes , when I started in the oil industry in 2000 oil was around 25-28bl and gas under $2

And oil companies never batted a eye at cost and it was actually a great time to be in the oil industry. When oil started its climb to record prices you saw companies expand and drilling took off to new levels and it was all great times .

Oil companies have been taking advantage of cheap labor and high profits for years but once then oil prices were stable cost of labor double for most . The oil companies were pushing out high bonus and ridicules salaries . I seen more money pissed off on some of the most unless things possible.

Oil companies are just like most Americans they live to there means and when oil was $100 bbl they spent like it.
Now they want to lay off the work force that made them !

Just like rice farming . You hold for higher price and get stuck with lower price but you survive and still buy 300k combines !

We seen it before (2008) and we will see it again , it's a market sold on futures !

[I make oil]

Yes, no, maybe. How long is a piece of string?

A question like this has to many variables to answer quickly. Depending on a companies debt ratio and business philosophy some can. I personally like smaller well run independent companies. When a company runs intelligently and lean utilizing the best current technology, keeps debt down all the time then yes. They can be profitable through down cycles. The challenge is to remain that way through up cycles. It's very easy for a company to incur to much debt during an up cycle attempting to increase growth to take advantage of high prices. The trick as an investor in this industry is to know who makes good choices and invest in them. Not chase after the flash in the pans. It's possible to get caught up in the exciting big growth over leveraged players. It's all good until the bottom falls out. I've lost a time or two and learned the hard way.