They also stick it to the US Shall plays which has also been
bugging them for awhile now, so two big birds with one deadly
stone! .... they will sure slow down the growth there
and make it hard to impossible to finance new projects in the short
term ... Junk bond markets is littered with energy plays ...
this should get interesting as some go bust .... and some
bigger players will get even bigger on the cheap! Not sure
how long the Saudis can keep this up ... they need the cash too and
more so has been burning through it at a good pace, especially
since the war in Yemen started ...and it's another regime
that needs to buy social peace with freebies to avoid loosing
control on their population ... we'll see how this goes
.... interesting time for sure!
Posted by stevieb294 on 9th of Mar 2020 at 01:28 pm
"Not sure how long the Saudis can keep this up" probably the
most salient point so it won't go on forever...will end sooner
rather than later. The Saudis will blink before Putin.
Posted by stevieb294 on 9th of Mar 2020 at 01:31 pm
...and Putin doesn;t mind the tanking of the American stock
market one bit. Perfectly timed with the conavirus. His biggest
wish is that it would last til the election, bring on a bear
market, a recession and thus Joe Biden...
The need oil above $50. Although I am sure they were
heavily short before they dropped the mother of all bombs Sunday
right before futures began trading. Not good actors in my
opinion.
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Put/Call 1.89 last reading
Posted by steve on 9th of Mar 2020 at 12:00 pm
Put/Call 1.89 last reading
The Saudis really stuck it
Posted by ssaffer on 9th of Mar 2020 at 12:02 pm
The Saudis really stuck it to the Russians and Global markets at large. Although it will be nice to fill up my Sequoia for under $60.
They also stick it to
Posted by mla127 on 9th of Mar 2020 at 12:09 pm
They also stick it to the US Shall plays which has also been bugging them for awhile now, so two big birds with one deadly stone! .... they will sure slow down the growth there and make it hard to impossible to finance new projects in the short term ... Junk bond markets is littered with energy plays ... this should get interesting as some go bust .... and some bigger players will get even bigger on the cheap! Not sure how long the Saudis can keep this up ... they need the cash too and more so has been burning through it at a good pace, especially since the war in Yemen started ...and it's another regime that needs to buy social peace with freebies to avoid loosing control on their population ... we'll see how this goes .... interesting time for sure!
"Not sure how long the
Posted by stevieb294 on 9th of Mar 2020 at 01:28 pm
"Not sure how long the Saudis can keep this up" probably the most salient point so it won't go on forever...will end sooner rather than later. The Saudis will blink before Putin.
...and Putin doesn;t mind the
Posted by stevieb294 on 9th of Mar 2020 at 01:31 pm
...and Putin doesn;t mind the tanking of the American stock market one bit. Perfectly timed with the conavirus. His biggest wish is that it would last til the election, bring on a bear market, a recession and thus Joe Biden...
The need oil above $50.
Posted by ssaffer on 9th of Mar 2020 at 12:12 pm
The need oil above $50. Although I am sure they were heavily short before they dropped the mother of all bombs Sunday right before futures began trading. Not good actors in my opinion.