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Re: SPORTSPROPHET post# 599

Friday, 03/20/2020 2:30:22 PM

Friday, March 20, 2020 2:30:22 PM

Post# of 1282
If this gets anywhere near the 52 week high, this will be a nice investment.
Oil is not going to stay at $25 a barrel. There is "Blood in the Streets" in the oil industry right now. I don't know about a 52 week high any time soon, but MRO at $11 is not outside the realm of possibility by the end of summer.
Once this corona virus panic passes, things will go back to normal. Production will resume and family vacations will be back on the to do list.
This is an opportunity, just like the 2008 crash. I'm buying all the MRO I can afford. Right now I'm averaged in at $3.47. I'm loving this.

If Trump wants to get re-elected, he will do something to stabilize the oil markets. Big oil money is a very important political consideration. It is why Democrats, that pooh-pooh the oil industry have mostly fallen out of the running. Only a political fool goes up against the oil industry.

HOPE IS MOTIVATION; REALITY IS PROFIT

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