Replies to post #3742 on The Hall

[EastCoastCdn]

Tough Call on the Options
I think oil will go down further. Not sure where it will bottom.

Canada, Europe and Asian economies are weakening and with no evidence of output cuts there is still room to sink further.
In Alberta projects are being axed and layoffs already announced with the fall of oil.

The only play I can think of now would be the ETF's for energy and I am watching NASD:DRYS, Dryships for a play. I haven't entered yet buy watching.