ENERGY Goldman Sachs says an oil price correction as deep as 20% ‘may already be underway

[sri_india]

to all fellow DBians holding oil stocks  ... @karna11 @Android_Halwa @Vaampire

 

 

• “Despite the rally, we have been hesitant to recommend a long position this early in the cycle for several reasons,” Goldman Sachs commodities analysts wrote Tuesday.
• Surplus oil inventory of an estimated 1 billion barrels has piled up as the world’s economic activity and travel remains largely at a standstill amid coronavirus fears. 
• There’s also widespread uncertainty over a demand rebound, with health authorities stressed the risk of a second wave of Covid-19 infections plunging countries back into lockdown.

[Hitman]

Hope so, already bought DRIP 600 shares. will average if it goes down 10% from here. 

[sri_india]

2 minutes ago, Hitman said:

Hope so, already bought DRIP 600 shares. will average if it goes down 10% from here. 

neee dayryaniki mokkali 

[Android_Halwa]

Chill kaka...of course the concerns are real, strategic oil reserves are full, dikku leka refineries are paying rent for shipping containers to store oil.

but at the same time production kuda baane cut chesinaru and one can expect another round of production cut in the days to come.

Industrial activity will be picking up in this quarter, consumption perugutundi and in the next six months one can say easily that production will remain same and consumption will double for sure at present levels.

Oil stocks la kuda DIP expected, vasthe matram isari oka 10-20k padestha...

[Spartan]

e sangati jargina vaaram tarvata news lo vastadi..

to find bakras in the stock market

same with real estate

[tom bhayya]

oil stocks to the mooooooonnnnnn alllllinnnn

[Pitta]

[karna11]

Avg chesukodamee, still I am waiting for another dip. Epptikina oil consumption perigiddi

 

[Hitman]

19 hours ago, sri_india said:

neee dayryaniki mokkali 

DRIP sold all.. yesterday and today 28% up, i got 18%. will revisit after inventory report

[sri_india]

2 minutes ago, Hitman said:

DRIP sold all.. yesterday and today 28% up, i got 18%. will revisit after inventory report

Racha lepavu gaaa

[Pitta]

[dasara_bullodu1]

20% is jujubi