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DewDiligence

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DewDiligence

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Re: Timothy Smith post# 10654

Tuesday, 11/17/2015 8:01:36 PM

Tuesday, November 17, 2015 8:01:36 PM

Post# of 29471
Oil companies have generally fared better than oil itself during the current bear market—one reason is cost-cutting:

http://www.wsj.com/articles/investors-are-starting-to-buy-into-oil-companies-1447760928

For many investors, central to their bet is oil companies’ ability to slash operating costs by forcing service companies to accept lower prices for their supplies, such as drilling and refining equipment and technology systems.

No kidding.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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