RE:RE:RE:NuttyDibah, I agree. Nuttal has been consistently wrong about oil price and direction for 15 years running. The last year or so the market finally came his way. As deep an understanding as he has, he still never predicted $2 oil, and his price projections going forward are no better than yours or mine. The one place he is exactly right, and he is a big enough player he has got most of the mid caps thinking his way, is free cash flow coming back to shareholders. Even at 50 dollar oil, that will be a great revenue stream.
Dibah420 wrote: "Projections", "predictions", you can split semantic hairs all you want. The reality is there are far too many moving parts for anyone, yes even Nuttall equipped with "very expensive information", to cite any commodity price years down the line.
And it is not just "based upon information available today"; he has been hung up on the $100-$120
mantra for months.
Trust the ambiance is warm and cozy in your own ndustry lexicon groupie.
Cheers.