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S&P 500
5,631.22
(
0.28%
)
US TECH 100
19,878.92
(
0.44%
)
Dow Jones
40,211.72
(
0.53%
)
Brent Oil
84.39
(
-0.25%
)
Bitcoin
63,615.68
(
4.66%
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YankeMike

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YankeMike

Re: tryoty post# 163976

Tuesday, 06/02/2009 7:29:47 PM

Tuesday, June 02, 2009 7:29:47 PM

Post# of 361666
I agree. I'm not saying it tracks the price of oil, but since you posted the charts since 2002, I had to make my point regarding market cap. However, the price of oil does matter. The degree to which it matters is open for debate.
We should have some level of proven reserves later this year, and those reserves will value our stock higher at $80 oil than $40 oil.
Mike
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