GREY:CXEYF - Post by User
Post by
CalifDreamingon Jan 18, 2008 3:02pm
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Post# 14226638
BMO raises ''08 forecast oil to $88 bbl
BMO raises ''08 forecast oil to $88 bblRemember that the gaggle of "analysts" who follow CAX base their $1.20 targets using $50-55 oil in '08. Simply updating for crude price increase over their current low ball "forecasts" gives a ~65-70% increase in the target price, or ~$2 sh.
And then there's upside from Chaal and the deep Triassic, plus what ever deal they may manage to announce.
Sellers at these prices in front of imminent production have their heads so far up their arses it isn't funny.