Quote:
Originally Posted by apk919
Just curious... why would the onset of a worldwide recession (or at least slowdown) plus oil at <$90/bbl lead to an increase in oil drilling in Alaska? Especially with Obama ahead in the polls and Democrats in congress?
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You're right. That may not be a good call in the long run. I was looking for potential buys for tandemracer's sake. OPEC is meeting next month, there's a good chance oil will be back above $100 then. Plus they got a major beatdown recently. Felt it was due for a bounce. Stock was $29 at the time of my post. Closed for the day at $34. I'm not a day trader but the market wide selloff at today's close would convince me to sell it afterhours.
I'm still planning on going long Thursday, but wouldn't recommend it until we close positive for once.