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Friday, 01/09/2015 4:11:14 AM

Friday, January 09, 2015 4:11:14 AM

Post# of 3392
Carl Icahn: Oil hasn't hit bottom yet ????
With the oil market weighed down by oversupply, activist investor Carl Icahn said that he expects crude prices to slide further in the short-term.
http://www.cnbc.com/id/102323099?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102323099

The question is: Why did Icahn stepped in Transocean Ltd. (RIG) couple months ago? He is one of couple of big investors in this company. Probably he became old man and can't deal adequately with decisions he takes.
http://www.thestreet.com/story/12944848/1/why-transocean-shares-will-rebound-after-sinking-to-a-10-year-low.html

Bottom line: I can hardly trust his opinion about prices of oil due to his vision and decision to step into Transocean .
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