GREY:ROAOF - Post by User
Comment by
oilkidon Oct 09, 2008 6:07pm
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Post# 15517619
RE: Target prices
RE: Target pricesVery true. When the bailout money starts coming, banks will only invest in winners. OIL is a winner, they are a producing company soon to be 40,000 bd, lots of proven reserve in the ground. They may not see the big numbers for line of credit to start, but in due time they will get the money.
Until this happens expect this company to see a few downs days. I can see the price going to or close to $ 3, but in the long run and when the dust settles we will see positive gains and maybe even new highs in 2009.
Cheers