Replies to post #8592 on SandRidge Energy, Inc. (fka SDOCQ)

[Lone Wolf]

But the news of it is going to make all these companies run like hell!! ;-)

[oilfieldmafia]

Does not matter, Saudi, and Russia are pumping out more oil than they ever have. A freeze on uping production will do virtually nothing. The market will still be over flooded with Oil.

[Richby30]

Oil shorts in trouble. They been pumping out negative articles all weekend for damage control. I think the Arabs (knowing their very words and actions can directly dictate oil prices) are making huge bets to the long side knowing western trading entities would short sell the rally breakout at $40. Look at a long term WTI oil chart (1946-present day, adjusted for inflation) and you can tell this huge drop in 2015, 2016 will result in one of two options, A)skyrocket back towards $100 or B)plummet towards $18. Odds are much higher for a parabolic move north over next 2 years since $40's have been more of a support price than a resistance price in the past 70 years.