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  • Citigroup Forecasts High Distribution Cuts By Canadian Royalty Trusts  [View article]
    $20 oil is a "pipedream". Yesterday OPEC laid the groundwork for a 2 mill bbl cut later this month. The oil demand numbers are ramping up over the past month as prices plummeted. China's massive stimulus program will result in big oil demand numbers. China's oil import number in September increased 28% yoy (highest monthly increase ever). Not to mention all the CAPEX work being cancelled in the oil sands and elsewhere added to the massive declines in production we are seeing this year in Mexico and Russia.......... You catch my drift. Oil prices have bottomed right here.
    Dec 02 09:00 am |Rating: +6 -1
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