RE:RE:RE:RE:FantomeSadie222 wrote: Cyber attack is possible, but not without help. There are other targets available (straight of Hormuz, if they want to target oil, or other military targets that they can point their proxies at). I don’t think oil will stay up much, so $60 (or less) is not unrealistic.
I’d edge more to the low end of your guess on WTI risk premium. Macro issues are still priority.
my guesses for now.
PeterWright wrote: I guess his cash holdings could be a reflection of his risk tolerance or his belief in where things are headed. Chatted with a fella today who feels Iran will cyber attack US and do nothing to effect oil supplies. He saw WTI dropping below $60 by next week. In reality none of us really know but we all have different opinions. I sold my TOG holdings today after a nice gain, took some money off the table and I'll wait and see how the US/Iran issue plays out.
Any guesses to how many dollars in the price of oil WTI is a built in risk premium?I'm thinking $4-5.
Maybe I'm a bit of a conspiracy theorist, but I think SA will do something maybe covertly or not to Iran (or maybe themselves like it was Iran) to bump the oil price and their Armaco SP. The photos from the October drone attack on the SA refinery sure didn't look on the level. Funny how no one was hurt from tha attack and they were up and running in 5 days. Fantome, in his opinion posted oil is being set up to jump and I think he's right. Time for the ME and shale to bleed the sheeple again.