RE: RE: Up she goes...If oil July contract continues up to $87.00 from here with little bumps, and that's a big if, HOU would be lucky to see $8.60 (just a lose calculation: 16% increase in oil to 87.00 from 74.60, means roughly speaking a 32% increase of HOU from 6.50 = $8.60) I understand HOU isn't calculated this way, but interesting food for thought.
Could someone give a more precise calculation as to where HOU would be if July oil hit $87.00?