Anybody have a prediction when stock prices for XOM will drop a lot?
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Hey Oilfield Guys!!
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Originally posted by predatorsniper View PostI've lived here in Midland since '76 and seen the true busts along with the slow downs or "contractions". My father was a Trustee for the U.S. Bankruptcy Court....I saw more of my share of rags to riches, and back to rags stories over the years. That being said, I think it instilled a sense of how important it is to live within your means and save, but still be generous and give. My wife and I took Dave Ramsey's course when were were engaged back in 2001, and it was one of the best things we could of done. I have worked in the oil & gas business every day since 1995 and I've loved every minute of it. While I don't think this is a true "bust", it will pull back considerably, but it will also come back to healthy levels.
I don't think the oil and gas business is different than most others, and I don't think the people in oil and gas are any different than those that work in different industries. There are those that are wise and foolish in every profession.
All of that being said, I'm not too concerned about the slow down. But then again, I shoot an '06 Allegiance that I bought used and I drive a paid off '03 Ford that I also bought used.....so you can see that I'm not really concerned with "Keeping up with the Joneses".
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Originally posted by RiverRat1 View PostClosed below $60.
So many things wrong with this. First is...How many times do you hear every news station calling for lower oil AND it keep dropping? Every time everyone agrees a stock will move up or down, the stock goes the other way.
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Hey Oilfield Guys!!
Originally posted by JSAPP View PostI can tell you that most small business owners around houston are not very excited about the lower gas prices at the pump. It's going to cost them a lot more than it saves them.
With out a doubt... Saving $30 on a tank of gas won't be a drop in the bucket compared to the lost revenue from people cutting back on projects and other purchases.
****it. I might have to start mowing my own grass!
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Originally posted by kyle1974 View PostWith out a doubt... Saving $30 on a tank of gas won't be a drop in the bucket compared to the lost revenue from people cutting back on projects and other purchases.
****it. I might have to start mowing my own grass!
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Originally posted by Brooks View PostOil is a commodity not a stock. Big difference.
Funny how people only care when it's manipulated up but not when it's being manipulated down.
You could never make me believe that supply went up that much and demand dropped this much in a few months.
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