VBIN's oil stock thread.

[fenders53]

I think they will game a spike. Last year they clearly tried to hurt US oil. It appears we will do that to ourselves for the next few years. They have to be liking how this is playing out. I didn't see anybody predicting oil prices this high in FEB. I was thinking this would happen in July. I think our foreign policy decisions the next six months might be a big deal for oil in the midterm. Like 6-12 months from now.

In any event this will be a blessing for XOM. They were going to have to make more bad decisions to save that div and now they should be much better off for at least a few quarters. They need to turn a profit some quarter soon and this should be it. I'm just here to torment you and VBIN, not wish for you to lose money.