Jun. 29 at 1:34 PM
The fake oil pump is over, summer dump has begun.
$BORR ,
$RIG,
$NINE,
$KLXE are perpetual loss leaders and will soon revert to their means. Expect 50% decline in their shares from now to fall. Dec tax loss season will be very negative for US oil industry as a massive oil glut hits the market in a few days. Puts and lubes are best at such times, keep them handy and in good supply.
