quote:Originally posted by bfw:quote:Originally posted by g-man:
just like how how oil is going to reach 80$?
reading and blindly believing goldman feels intellectually lazy to me =)
So, do you still think oil can’t reach $80 this year?
Brent is already at $73 or so.
The energy bull is starting to snort
we were talking about WTI
WTI, last I check is still sitting at 64?
even so, you needed to thank syria to even get at those levels.
personally, I went long BP stock down at 38$ when WTI was sitting at 59.
good long term, good dividends and strongest position out of the big oil co.s
and i'll quote myself back in early feb
quote:Originally posted by g-man:
I'd say 75$ is the possibility and 80$ is the stretch. but with WTI @ 65$. 80$ only represents a 23% gain. That's a long holding period / risk for so little gain.
i'd say i'm pretty spot on.