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General Forums => Air Speed Lounge => Topic started by: Alp on February 15, 2009, 01:44:54 PM

Title: Crude oil is getting cheaper
Post by: Alp on February 15, 2009, 01:44:54 PM

NEW YORK

Title: Re: Crude oil is getting cheaper
Post by: egspot on February 15, 2009, 03:05:12 PM

Accountants, Economists, and Ethical businessmen are able to manipulate information and justify their prices. They are looking after their stock holders (this includes our retirements plans.)

Title: Re: Crude oil is getting cheaper
Post by: neil68 on February 15, 2009, 06:27:03 PM

Most Canadian oil companies have budgeted based on a break-even point of $38-40 per barrel. Once it falls below this level, they cannot sell the petrol for less, or they would be losing money...the retail margins are already very tight.

Stock dividends are untouchable for oil companies, so they make sure that they pay dividends to their shareholders...several of my mutual funds (RRSP's) have oil stocks, so I'm glad I can always count on them ;)