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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Stifel Takes An Ax to the Oil Sector Ahead of Absurd ‘Oil Freeze’ Meeting

Dr. Fly Wed Apr 6, 2016 10:00am EST 1 Comment

Stifel is out this morning with multiple downgrades on a number of oil stocks, including CLR, APC and EOG, citing complete and utter horseshit ahead of the alleged ‘oil freeze’ meeting on April the 17th.

Essentially, they believe Iran will ramp up volumes and fuck up the House of Saud’s plans to effect an OPEC wide production freeze.

On the news, the targeted oil stocks are little changed.

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No one really gives a shit what Stifel has to say. They’re from St. Louis.

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One comment

  1. infinitezuul
    infinitezuul
    April 6, 2016 at 10:42 am

    DOE US Crude Inventories -4.9mm vs estimate +2.9mm

    Refinery Utilization UP, Crude Implied Demand UP.

    • 0
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    • 0 Deem this to be "Fake News"

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