/biz/ - Business & Finance

>>18568336
>Qatar, Saudi, UAE, Kuwait, Iraq, Iran, Kazakhstan, etc etc. All rely on oil, even if they all have a good amount of reserves they won't last long at all because of the entire industry taking a shit

Glad to see you're astute when it comes to geo politics,dummy. This entire mess was created by SA piggy backed on the covid virus. They want to cripple US shale and will succeed unless there is a war. They have no problem flooding the market and taking a loss if it means they come out victorious as the main producers in the end.

>lrn2read

>>18478166
I tried to warn people.

I jumped on the last dip like most.
I sold last friday and told people to do the same to re enter at lower numbers

Poor guy I was talking to sunk 8k into HAL when it was almost 9 bucks. Going to be holding for some time.

Is the faggot that posted this here?

How we doing anon?

Oil under 20 dollars a barrel LMAO

>>18464989

>>18468854
Are you really this surprised? Do you not follow anything geo political coming out of the ME?

I fucken called it a week ago. The deal fell through on friday because of mexico, then they rescheduled and came to an "agreement" a few days later. SA has no other goal other than to cripple the shale industry in the US and the only way to beat it will be war.

As expected, my puts printed.
Calls on bear 3x oil etfs were sold at 18%
Easy money

Howd you do today anon?

(I have a big reveal for you at close)

THIS DIDN'T AGE WELL DID IT "THERE WILL BE BLOOD"

FUCKING PAY UP YOU SLIMY DOG. YOU THINK I'M FORGETTING AFTER THE SHIT YOU GAVE ME THE PAST TWO DAYS?

OPEC DEAL CANCELLED

US WILL NOT SCALE BACK PRODUCTION!

Just a reminder.

Ready to get rekt?

Next week the market cannot hide from reality. Earnings reports for Q1 begin to be released, including Delta Airlines, which will be viewed as a bellweather in this market - especially after Buffet sold his stake. The blood will be in the water. I see two ways for it to play out from there either a slow bleed to the new lows like 2008, or we violently snap back down as the market stops being able to run from the economic realities at hand.

https://www.bloomberg.com/graphics/us-economic-recession-tracker/?srnd=premium-asia

https://www.forbes.com/sites/alexandrasternlicht/2020/04/08/ray-dalio-were-heading-into-a-great-depression/#5e253c7b7c83

>>18364278
Enjoy the pump tomorrow. Make sure you exit your position

Going to print on thursday

Friendly reminder

>>18347497
See you friday