Russia is now producing a record number of barrels of oil. Saudi Arabia has been producing a high number for a while now. Both are hurting from the low oil prices they are creating. Im taking advantage of it.
Im still buying cameron, soon to be Schlumburger, stock. Im basically buying slb at a bottom, so thats nice. Slb below $80 is good considering they were $120 ish a year ago. Ill keep buying my oil company until the market crashes. People are nervous as hell but it has popped back up near all time highs. Im not sure when the stock market will be -40% or more from its peak but I know its coming. Im looking forward to getting nasdaq or sp500 emini futures and using that leverage. Maybe when oil goes back up, that will create a selloff. It could be the oil glut crash.
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