Whitecap Resources Inc T.WCP

US$160 Oil?

[retiredcf]

Oil could reach as high as US$160 dollars per barrel: Enverus

Al Salazar, vice president of intelligence at Enverus, joins BNN Bloomberg to discuss his forecast for oil prices amid the ongoing tensions between Russia and Ukraine. He believes oil could rise as high as US$160 dollars dollar per barrel before it reaches peak demand this summer.

https://www.bnnbloomberg.ca/video/oil-could-reach-as-high-as-us-160-dollars-per-barrel-enverus~2400634

[baranja]

That would make this dog s h i t explode to wooping $11.

[biker222]

This post keeps me coming back to read this forumn. There must be an inflection point coming for the value of this carbon footprint cash printing machine. Some hedge fund needs to re face this in an ESG  umberella fund and such the cash dry. but , there will be a mark up day. methinks its once first quarter cash puke hits the algorithims... just thinking biker

[Indicator]

and at $160, Oil is sure to push the world into a deep recession.  Happens every time Oil surges. As they say, "the cure for high oil prices, is high oil prices!"