Historical biz moment

Have you ever seen an asset crash more that 113% before? No? Well now you have

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Uh oh, Canadian dollerinos

Yes I have actually. Anyone who was here in 2018 did

What crashed into negatives then?

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Can anyone explain this? is this a leveraged position, or is this just a commodity? how the hell does it have a market price of 0,4 dollars?

It's okay decimals are strange arcane American thaumaturgy, pay them no mind.

i have ONE bags user you tell me

based retard.

No you didn't. It was never a 100% loss unless it went negative.

So if I buy infinite amounts of this asset I'll be a billionaire?

Yes.

yes

Wait what, what do negative numbers mean?

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Alberta oil needs to get to Louisiana for refining which costs about 15 bucks for transport. There is always talk of a pipeline but who knows what's in store.

How can I get rid of my debt by buying this and then flipping it at anything + 1 maplecentorino?
I need the money to buy more UND before the reset

how many barrels can you store? do your part biz.

Negative numbers means they have to pay people to take it because there's no storage room left and it is expensive to pay for new storage. So it's cheaper to pay people to take it. Especially if the price keeps going down.

It means they pay you to take the oil if you have storage

fug

Can I actually buy physical crude oil?

Can they not just stop pumping oil?

Try asking them to do it. I'm sure they will listen

Less cost efficient cause it's a pain in the ass to shut down, they would rather burn the extra oil, or pay someone to take it, it's cheaper for them.

I have quite a big garden......

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good luck finding buyers

Start digging some holes and put some giant metal drums in there and call up exxon.

which site shows this price btw?

cant find it on my usual ones

WTF Yas Forums YOU TOLD ME NEGATIVE PRICES WERE IMPOSSIBLE NOW LINK IS -3.00 aghghghghghghg

Hold till the crisis is over

it means "PLEASE TAKE MY OIIIIIIIIL"

Do any of these pay dividends? What's the catch?

priced in and bullish

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Canadian oil storage facilities have just run out.
Oil producers cant shut down production entirely, because it would cost too much to restart it. So they keep pumping oil and paying people to take it off their hands.

How do i take advantage of this as britfag