I haven't been following oil, or OIL. Could someone explain what in the last 52 weeks (particularly in July '98) happened to OIL to cause the 30+ point drop to it's current 10+ levels??? In a nutshell - was it the selloff to ARCO?
No there was talk about a sellout to a big buyer and the stock went up like gangbusters. Then Triton pulled it off the table noting no one gave them an acceptable offer and the stock plunged. Then add to it the additional problems in the oil industry and that caught them too. I am holding on to my shares I bought it right and I am in for the long haul. Hey, Have an nice holiday. JP
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