Trading halted as U.S. stocks plummet

Re:Trading halted as U.S. stocks plummet by westpfelia on Monday March 09, 2020 @10:31AM (#22525633)

I mean personally I think the whole opec thing has a little bit more weight behind it then corona.

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Re:Trading halted as U.S. stocks plummet by saati on Monday March 09, 2020 @12:51PM (#22526928)

The "OPEC thing" is a response to dwindling chinese demand, because of SARS-CoV-2.

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Re:Trading halted as U.S. stocks plummet by jsight on Monday March 09, 2020 @10:34AM (#22525656)

Maybe, but it seems to me that increased production and lower oil prices are likely to create as many winners as losers.

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Re:Trading halted as U.S. stocks plummet by westpfelia on Monday March 09, 2020 @10:43AM (#22525744)

Well... that might not be true. Were in a weird spot right now where banks handed out billions in loans to oil companies. And now it looks like a lot of these companies are going to be insolvent well before they can even start drilling. So were talking about big banks being hit hard with billions in loans not being paid.

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Re:Trading halted as U.S. stocks plummet by dd36 on Monday March 09, 2020 @10:56AM (#22525867)

They usually hedge out 18 months. It would take a sustained assault by SA and I really doubt they will have that much resolve.

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