Misc Stock Market

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Russia said it’s ready to cut oil by 15 percent .

One thing to note is the meeting Friday as well between the G20 countries . Just as important as the OPEC meeting tomorrow.

Too bad the markets closed Friday


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OAS which hasn’t moved in over a week is up .04 after hours . Big day tomorrow and Monday after the long weekend and the additional G20 meeting Friday


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Bring your bags tomorrow


oilprice.com

Canada’s Biggest Oil Driller Backs Global Production Cut | OilPrice.com

Canada’s largest oil producer, Canadian Natural Resources, is ready to back a potential pledge by Canada’s federal government for a production cut if it is a fair broad-based approach
oilprice.com oilprice.com

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Might be putting the remainder of my cash into Pacific Drilling in the morning. Been eying it for a while. I really like that one. Cheap and should draw a lot of volume with oil speculation in the coming days. Quick flip hopefully ??
 
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Jimmy Hypocracy said:
Might be putting the remainder of my cash into Pacific Drilling in the morning. Been eying it for a while. I really like that one. Cheap and should draw a lot of volume with oil speculation in the coming days. Quick flip hopefully ??
Click to expand...

Thanks for the tip on this one. It's worth a gamble in the short-term. At worst, I'll be holding this until the late Fall.
 
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Storm5 said:
Oil stock fire sale tomorrow ???


www.google.com

Historic Oil Deal On The Verge Of Collapse As Russia Balks At U.S. 'Cuts' | OilPrice.com

Oil prices rose on Wednesday morning, ahead of the oil talks between oil producing nations, but a deal is far from certain as large producers such as Russia and Saudi Arabia will only agree to a deal which includes a cut from the United States
www.google.com www.google.com


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For those who don’t read the article. Experts banking on this as the most likely outcome:

4) A “SMALL” DEAL (35%): Immediate OPEC+ cuts of 12-13mln BPD; US offers mild reductions in Gulf of Mexico and Shale output and the purchase of oil for the Strategic Petroleum Reserve (SPR) – Brent could see USD 30-35/bbl.
 
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