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The Water Cooler
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Oilfield Layoffs
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<blockquote data-quote="1krr" data-source="post: 2711574" data-attributes="member: 750"><p>Exactly.. Takes a bit of fiscal flexibility (or balls) to buy into oil right now but I think if you've got the cash to risk, a well thought o/g sector purchase right now is feeling good. I can't see any technicals driving speculation down and I don't see pricing going too much lower before the Saudi's start talking about tightening the taps. Wildcard here is what comes of the Ukraine/Russia thing. Media hyped stuff like the union walkouts at a couple US refineries or ISIS blocking .07bbl/day will have some short term movements but if you can buy in and stretch some potential pain for a year, I think you will be looking at a pay day mid term on o/g stock.</p></blockquote><p></p>
[QUOTE="1krr, post: 2711574, member: 750"] Exactly.. Takes a bit of fiscal flexibility (or balls) to buy into oil right now but I think if you've got the cash to risk, a well thought o/g sector purchase right now is feeling good. I can't see any technicals driving speculation down and I don't see pricing going too much lower before the Saudi's start talking about tightening the taps. Wildcard here is what comes of the Ukraine/Russia thing. Media hyped stuff like the union walkouts at a couple US refineries or ISIS blocking .07bbl/day will have some short term movements but if you can buy in and stretch some potential pain for a year, I think you will be looking at a pay day mid term on o/g stock. [/QUOTE]
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