Reconnaissance Energy (Africa) Ltd V.RECO

oil price targets

[Trekewl]

Goldman Sachs thinks oil will go up into the $140 a barrel range this summer.

Citigroup says prices could fall to $65 by the end of the year in a deep recessionary environment.

Choose your fighter. Or roll the dice.

https://oilprice.com/Energy/Energy-General/How-Oil-Prices-Could-Hit-65.html

[pacer001]

Trek, right you are - who really knows where oil can go. Right now it is very much divorced from reality and trades on fear. Plus reliable data, even from the EIA, is hard to fanthom. I am inclined to short oil in that I do think it is too high and there is lot more out there and coming than is generally believed. (Note this Mr. Duck). However a stuck freighter in the Suez, a rocket hit on a

[Yo_Dog]

I used to read these analyst estimates thinking how accurate they were. Time has proven that their accuracy is low. The price of oil outlook is, let's call it, a yearly at most. Large oil companies are looking for 10-25 year (my guess) outlook. A new big discovery will be coveted by a number of larger entities, IMO.

[pacer001]

Yodog, another thing about "analysts" is that they are not unbiased and often push their own viewpoints favoring their positions or contemplated positions.