Sep 15th 2019, 15:19:27
In my experience, oil also crashes on the last day, unless it's very cheap, because it's more viable in most cases to buy mil off of the public than buy oil to private destock. I've personally only done it once in the last 100 sets, and that's because I could get oil at $80 and I was a Dict.
Tech *normally* crashes, but it was still north of 3k for a bus point this morning.
FFO is also run best when at a ~60/40 farm/oil ratio. Based on how you're talking about oil, you like far more rigs, which means, if you're retalling (which is what this entire discussion was based on; not destocking), you have majority production in arguably the most volatile sellable commodity. You're either selling on PM for dirt cheap, or you're selling on the public and your oil *might* sell - it won't sell at once either; you're waiting as revenue trickles in, especially on the last day of the set.
LaE | Monks | NA
Since 1999
