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Re: i have a bunch of ancient emails of our founding members 

By: McDee in ABGT | Recommend this post (1)
Sat, 11 Apr 20 12:59 AM | 198 view(s)
Boardmark this board | Atomic Bob's Golden Thread
Msg. 30279 of 30749
(This msg. is a reply to 30277 by Zimbler0)

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Zimmy.....The price of oil in mid-2014 was over $100 per barrel. With prices at that level, hydraulic fracking took off resulting in large supply increases. With OPEC unwilling to stabilize the supply of oil on world markets in 2015, the prices started plunging. By early 2016, oil was below $30. This meant many US frackers would produce less and the need for US pipelines would be diminished.

ET was under $5 per share when oil was under $30 in 2016.

Not surprising that when oil plunged below $30, ET went under $5 again in 2020.


McDee


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The above is a reply to the following message:
Re: i have a bunch of ancient emails of our founding members
By: Zimbler0
in ABGT
Sat, 11 Apr 20 12:18 AM
Msg. 30277 of 30749

I dunno about being a founding member . . .
But I do remember earning both a Bull and a Bear
in that stock picking contest.

I still got'm . . . And I just now realized they
are branded 'Mad Money' w/ Jim Cramer. (Are they
worth anything?)

About that ET . . . any chance they took a whipping
when the Saudi's and the Russky's started flooding
the markets with cheap oil? Looks like the share
price dropped back in 2015 . . . But the EPS was going
up about the same time . . . Anybody know why?

Zim.



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