Gold and oil are safe havens, and
you see where oil price is moving...
When money flow slows in a
weaker economy their prices fall...
But they have built in demand that
supports bottoms quicker...
In theory, not much else has built in
demand to support bottoms if contractions
continue in motion...
Big oil companies are paying too high
of dividends and you see that reflected
in ERX with oil price drop...Dividends are
on downturn when WTI starts dropping
below that $80 pricing line again...
Henry, et al, is by far the largest VTLE
.
shareholder now, if they hold and bot
more at the discounted prices, they would
have much more control, so we can't rule
out some reverse merger activity may
have been going on...only dawned on me
after all deals were done...may also dawn
on VTLE managers too late also...
So we watch...LJ
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