Crude Oil Falls Below $80
By: Tim McPartland,
We are noting that crude oil is off $1.25 this morning taking it down to the $79.75 area. A fall much further will set off a bloodbath in the MLP’s. Like interest rates little moves don’t matter too much, but a $2 or $3 move could start a real waterfall of moves lower in crude and crude oil related issues. We will be watching closely to see it there are bargains begin created in the production companies.
Advertisement.
Related Posts:
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
