Right now, $NE is a buy, under .18
Man Davies
Posts (4982)
$DNR <- that is a winner
You also know people are spending their $1,200 supplement government checks here, hoping to catch a break. But, you, as an experienced investor, should be ashamed of yourself for trying to cajole these people into such a RISKY situation. After ALL the facts that I have posted, which NO ONE CAN REBUKE, the last thing you should do is try to pump this to people in that situation. SHAME ON YOU!
You can choose to ignore the facts, the indicators, the filings, and so on, and buy / hold here. But, if you are being honest with yourself, you KNOW that is actually a stupid idea.
One up day, in this market, doesnt really mean anything. Oil is all over the place. And, with the Covid / Production/ Demand / Storage issues, you know the odds of a QUICK REVERSAL DROP here are VERY HIGH
WHICH is why you can EXPECT a plummet in oil prices, sooner than later. ;)
OIL wont hold. Here is why:
https://www.oilprice.com/Energy/Crude-Oil/The-Oil-Storage-Crisis-Is-Far-From-Over.amp.html
In short, they are running out of places to put the OVER SUPPLY. This is a problem that wont go away for a LONG TIME. Oil doesnt stay UP, when there is nowhere to put it. ;)
As you are seeing in real time, oil is on VERY shaky ground. Here are the facts that pumpers dont want you to hear:
https://oilprice.com/Energy/Crude-Oil/Global-Oil-Demand-To-Fall-To-Levels-Not-Seen-Since-2014.html
https://oilprice.com/Energy/Crude-Oil/US-Shale-Production-Wont-Bounce-Back-Until-2021.html
https://oilprice.com/Energy/Crude-Oil/Offshore-Oil-Is-On-The-Brink-Of-Collapse.html
https://oilprice.com/Energy/Crude-Oil/The-Oil-Storage-Crisis-Is-Far-From-Over.html
Coupled with the $750M shelf filing, by Noble. Things are not as ROSY as pumpers make out:
-2 B I L L I O N new shares
https://www.sec.gov/Archives/edgar/data/1458891/000119312520043132/d891440dposasr.htm
I am not bashing here. But, it would be easy.