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/biz/ - Business & Finance

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18384886 No.18384886 [Reply] [Original]

Based Mexican Oil Tycoons.

>> No.18384895

Time for them to get glassed I'd say

>> No.18384968
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18384968

>>18384895
But they are helping my shorts.

>> No.18385094

Mexico finally showing their balls.

>> No.18385134

its all coming together

>> No.18385156

>>18384968
>short oil
>after historic lows
kek

>> No.18385162

>>18384968
That hair on the arms tho

>> No.18385217

https://www.reuters.com/article/us-global-oil-opec-mexico-cut-idUSKCN21S03K

they're cutting. Not by much tho

>> No.18385232

Based burritos driving down my put

>> No.18385523

>>18385232
>Based burritos driving down my put
What did you buy puts in?

>> No.18385736

>>18385523
DHT. But honestly the news hasn't corresponded to it's price at all. It tickled my strike price's break even today within 5 cents, and I still have a week on it.

>DHT will be paid to store more oil
>Stock down
>Oil production cut
>DHT down

>> No.18385755

>>18385162
Well she's a guy, so

>> No.18385787

>Jerame has 3 day weekend to get the printer back online
GREEN MONDAY BULLISH AS FUCK

>> No.18385869

topkek holy based

>> No.18386299
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18386299

So no one is going to buy oil from us or what?

>> No.18386390

can i get a redpill? is this good or bad

>> No.18386796

>>18385217
If SA agrees to this every other small producer will want the same treatment, leaving SA and/or Russia to take the bulk of the cut
Either Mexico is forced out of OPEC+ or SA torpedoes itself yet again, or SA/Russia keep pumping until shale dies (kind of hard to imagine now that the Fed is monetizing pretty much every form of corporate debt)

>> No.18386815

>>18386390
It's absolutely based, Mexico could had dealt a death blow to OPEC+ just to save domestic face
Otherwise it's still based but odds are that oil will dump even harder for longer

>> No.18386869

>>18385736
DHT is gonna pump friend. gotta put that surplus oil somewhere leading to attractive rates for holding the oil. The financial crises and pandemic may even inhibit how fast people can build storage facilities as countries and companies approach max capacity