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All oil sector would dive, page-8

  1. ML173
    9,560 Posts.
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    09/01/15
    03:41
    Post #: 14557776
    I think one of the reason is a few large institutions (UBS, JP Morgan, etc) just bought the PNG Gov's shares. The transaction completed just a few weeks before oil did a sharp dive, and they did not have a chance to distribute the stocks to their value clients.

    They've got caught by surprise holding the bag and now hold on to it. My question is how long can they afford to hold on if oil continue to stay below $50 USD ?.

    Sell off will be expected by Easter if oil continue to languish around the $50 USD level. I reckon it is a sure bet to short anything above $7 levels.. Good luck
    OSH Price at posting: $7.09 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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