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<blockquote data-quote="bacha29" data-source="post: 4393729" data-attributes="member: 58386"><p>One of the Wall Street banks said this AM that we have to go down another 10% before we hit bottom. The oil patch is where the pain is likely to be the most felt . Marathon Oil despite going X dividend today still had it's price cut nearly in half . Down to 3 bucks a share. Oil companies big and small have a lot of debt and $30 oil ain't going to make the payments. The farther the market falls the longer it's going to take for it to come back.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4393729, member: 58386"] One of the Wall Street banks said this AM that we have to go down another 10% before we hit bottom. The oil patch is where the pain is likely to be the most felt . Marathon Oil despite going X dividend today still had it's price cut nearly in half . Down to 3 bucks a share. Oil companies big and small have a lot of debt and $30 oil ain't going to make the payments. The farther the market falls the longer it's going to take for it to come back. [/QUOTE]
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