Saturday, December 06, 2014 11:27:14 AM
I am hoping the floor oil price is $60/bbl, but we could see $50 or $40. China is expanding with the oil price drop extra income windfall - will lead to more demand and higher prices eventually- when? I have no idea.
Having been through 1985-86, 1998-99, and 2008. This time I am benefitting from the drop. For me it's like the movie ground hog day.
I would be careful holding any oil company right now that has a high level of debt to equity.
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