claydoctor

WLL could be the sign of something big to come

NYSE:WLL   None
Catalyst for oil going much lower... consider Withing , drop of 19%. watch the next couple days. Can't refi their fracking debt, big boys won't buy them, want to wait until their value is low, or buy it off a bankruptcy trustee judge for pennies on the dollar, just like Mr. Potter in "It's a wonderful life". Could only be the beginning of the end. Trustee says keep pumping, have to pay creditors. Supply has to stay at max, with oil prices lower and lower. Oil could go way lower, as these small caps huge fracking companies fail, and as they fail, THEY JUST KEEP PUMPING THE IL BECAUSE THE GOVERNMENT (AKA bankruptcy judges) TELLS THEM THEY HAVE TO. Charts with the two bear flags are in real trouble. The saudis know all this, why stop pumping, it won't do any good anyway, no one will stop pumping it, they know this is coming. They keep up the pressure, go lower, and lower, they can handle it, and the pumping will stop when all the companies have failed, but that might take a while. Just saying.
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