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Replies to post #1145 on Callon Petroleum (CPE)

Replies to #1145 on Callon Petroleum (CPE)
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VegasMcKnight

04/01/20 1:52 PM

#1146 RE: catdaddyrt #1145

My statement is very true. Here is some literature to read.

https://www.wsj.com/articles/oil-drops-to-12-month-low-on-coronavirus-concerns-11582726174
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VegasMcKnight

04/01/20 1:53 PM

#1147 RE: catdaddyrt #1145

Oil will jump back up and I just added some more on these newer lows. This is a gold mine right now.
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Brother P1

04/01/20 1:55 PM

#1148 RE: catdaddyrt #1145

I think the Saudis are definitely looking for a way out. My understanding is the Russians have a big cash surplus and will win a price war. I'm betting uncle sam wont let American oil go under, especially in an election year. I see this as a winner in 1-2 years.