Seeking Alpha

jjason » Comments » APL

  • Buy Opportunities Like These Do Not Come Along Very Often [View article]
    Jack, I think oil prices are going to drop when margin requirements are at 50% and speculators stop trading in futures contracts. Also, PWE has about One Billion dollars on the balance sheet in goodwill.

    In today's PWE news they are going to sell 20,000,000 more units at whatever price they can get...Diluting current unitholders.

    If the US economy is going deeper into recession and US consumers continue to cut back on driving and oil demand drops then oil companies share/unit prices will drop too.

    Frankly, I hope lots of speculators in the commodity futures trading game lose lots of money.

    I am neither long or short oil or anything to do with oil.
    Jun 19 13:38 pm |Rating: 0 0 |Link to Comment
More on APL by jjason
Comments by Ticker
AA, AAPL, AAUKY.PK, ABAT, ABK, ABR, ABT, ACAS, ACF, ACH, ACI, ACWI, ADBE, ADM, AES, AFN, AG, AGU, AHBIF.PK, AHD, AHR, AIG, AIV, AKNS, AKS, ALD, ALSK, ALTI, ALU, AMP, AMSC, AMZN, ANDE, ANF, ANR, APA, APC, APL, APOL, ARA, ARLP, ARTC, ASBC, ASTI, AVR, AVT, AW, AXA, AXP, AXPW.OB,
jjason's
Comments Stats
406 comments
Rating: 4 (7 - 3 )