RE:RE:RE:The Potential Future of Canexus
Blue, I work in one of the big towers downtown (Cowtown) and I can tell you, every tom, richard and harry has their own opinion about where oil is going....and you're right, nobody knows.
Everyone tries to be an analyst on the matter, but, frankly, there is no economic analysis to do.
Oil does not and has never traded on supply & demand fundamentals. OPEC and other producers would love to have you beleive that there is a normal market governing this stuff, but the fact is, there isn't. Even my own company puts out predictions, my CFO talks about rising oil, etc. It's a joke. If you don't have a middle eastern historian, a religious analyst and a political strategist at the table driving predictions, and you're leaving this to CFAs, MBAs and Economists (of which I am one), and you're deluding yourself that you're going to have any accurate picture of the future.
If you talk to people that know anything about the Middle East they'll tell you that the Saudi's will continue to supress the only thing that empowers Iran's redonculous leadership, and that's the price of oil. I could go on, but I won't.
Don't throw good money after bad. Not yet. Wait for the other shoe to fall.