RE:Nuttall BNNI beleive were going to see wti prices between $90.00-$100.00 and WCS closing the gap with WTI as we get closer to Trans Mountain flowing oil. If oil stays up here for a 3-6 months I strongly feel the stock prices will climb up more especially the ones that have been lagging like CJ, because of their flattish production. Whenever the cashflows go up so should the oil producers one week or two of higher oil prices doesn't make a QTR.
I don't beleive opec wants oil to go up over $100.00 otherwise the American Producers will go drill their 2&3 tier wells like crazy and start increasing their production again. I als think opec knows $100.00+ oil can kill the economy and oil prices will plummet.