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

By: Zimbler0 in ABGT | Recommend this post (2)
Sat, 11 Apr 20 1:53 AM | 196 view(s)
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Msg. 30280 of 30749
(This msg. is a reply to 30279 by McDee)

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Yeah,I kinda figured something along those lines.
Thanks.

By the way, I'm a 'buy and hold' kind of guy.
I first started investing around 1997 . . .
When I started buying Dominion Resources. ( D ).
I still have those shares.

Zim.




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Mad Poet Strikes Again.


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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: McDee
in ABGT
Sat, 11 Apr 20 12:59 AM
Msg. 30279 of 30749

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.


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