What's happening now has got nothing to do with DLS or the oil industry - this is a good old fashion rout and all those traders and margin loans and the people who follow BS trading rules are getting culled.
You invent unregulated rules in the market place then you suffer the consequence. Take note (Oz) governments of all the Super (Pension) Fund wealth being destroyed here and the knock on effects of that. More pressure on tax payers, tax rises, pressure on welfare systems and a general fall off in the standards of living. These markets are unreliable for what they purport to be, creating wealth not destroying it.
Nice going to all of our leadership around the world; instead of biting the bullet back in 2008 we decided that corporate welfare and handouts was the way to go. Feathering the nest of incompetence. Those who made the mistakes and committed crimes got rescued, made even more money and are better off. It's the average Joe on the street who will have to survive this type of turmoil again and again.
What a joke the markets are, traders, well you wouldn't feed them and trading systems that exist in this present day are skewed at best.
Just shameful.
BW
_______________________________________________ There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
DLS Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held