The Saudi’s have said they can go all the way down to $10. They backed off previously but based on what Russia is doing I wouldn’t be surprised to see them make good on taking it to $10. When you consider the drop in demand that happened almost instantly and no idea how long it will last it could happen pretty fast.Russia is going to pump and sell at $20 a barrel. Saudi Arabia will be a little bit behind. Gonna be tough for US companies for a while. I'd expect oil stocks to head up eventually, but it won't be quick. And this may not be the bottom...
I would guess they are still selling the 60 dollar barrel stuff and it needs to move though the system combined with them going as slow on the drop as possible to maximize marginsWhy the fuck are we paying $3.40 for regular in Santa Barbara!?!?
Fuck CA and their fucking taxes!
Well GUSH definitely split. I’m with you though, not sure if this is good or bad.I started buying in too soon. My average price is $.90 a share. I believe it has a reverse split coming up in a few days. I honestly don’t know if that’s a good thing or a bad thing.
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I'm riding it out for sure. the I still have the same $ amount just fewer shares. In theory everything should be the same. from a daily rise and fall in $ perspective.Seems like just funny accounting to me. That said, oil is going to go back up, that’s a given. I’m going to ride it out.
I bought in at .39/share I believe. I bought 100 shares. Was wondering wtf happened when I opened up my app this morning and had an insane gain. Could not figure it out til I read this thread.Seems like just funny accounting to me. That said, oil is going to go back up, that’s a given. I’m going to ride it out.
Put another way.. It went up 30% today. Your $ gain from yesterday to today would be a 30% increase, regardless of share quantity.It split at 40 to 1. Doesn't that make it more like $.425 today or up a few pennies??
I ended up only buying 15 shares (thought I bought 100) of GUSH when it was like $.40. The split screwed me and was therefore told that due to the 1:40 split, I now hold no shares LOL.
I was then charged a $40 "reorganization fee" to cover the processing costs therefore, I lost way more than I bought in for!
I’m here! It’s all good.I’m sure largeorangefont will be along shortly to tell you it’s all good.