OTCPK:VREYD - Post by User
Comment by
CravenRaven101on Jan 18, 2016 11:14am
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Post# 24468728
RE:Iran
RE:Iranthe best guess I have read is that the immediate effect is Iran will pump up global supply by 500K BOE/d... I am of the mind that by the time they are at full production there will be an additional 1MM BOE/d by say the summer driving season. N American producers will be dropping like flies once the price hits $20... my forecast... BY April... IF you are still in the market... cash out...and grab some of the sideline until the Kingdom blinks... say... next September. IF you are feeling for the bottom right now... you are on a fools errand.