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Oil and Gas Discussion BB
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Re: $85 oil by December 2015: Worth a watch When i reply to this thread, i did not expect the WTI to gain $6.00 in two days. The fact is we are still in a bottom, $45 WTI is still way too cheap, but this does not mean that we can not go lower. This two days rebound did however put a bottom on Share prices. Everybody knows that $45 WTI is not sustainable, we also know that we can not predict short term prices, but we know what is the value of our stocks at sustainable prices. The best bet right know, is hold as much as you can for the next two years. With 30% exchange and a Edmonton sweet/Wti differential of about $ 6.00, BXO and the likes will thrive, so will their value. The downside may be 25%, but the upside is double, triples, etc. We all have a choice, either play the market, or invest. |
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Msg # | Subject | Author | Recs | Date Posted |
33600 | Re: $85 oil by December 2015: Worth a watch | nutcracker | 10 | 8/31/2015 7:20:23 PM |