GREY:STPJF - Post by User
Comment by
GenuineTalkon Jan 17, 2011 7:28pm
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Post# 17986635
STP Target Price
STP Target Price
Yes BMO and also RBC set the target price to 2$.
By the way I'm new to this website I just joined.
I noticed the conversation between oilsandbaby and LeGagneur and they're both right and wrong.
1) Increase in prices, yes it's called inflation. And unfortunatly oil is at the base of it. If oil goes up everything will go up as well. If the barril of oil goes to 500-600$ and my salary don't it won't be worth going to work anymore. lol
So might as well stay home.
2) And yes it's true that oil might get more appreciation from what is now. Already oil is much more expensive in Europe.
LeGagneur, even though I'm very impressed by your research and the way of approaching things. It doesn't take an expert in oil to figure out that oil is shooting up. A revolution or war in an oil producing country could yield to a higher price at the gaz station but it's all temporarely.
You forgot 1 major detail, China and India economy is growing at an exponential level and those 2 giants are more and more neede of Energy. 40% of the Energy in the world is used by the US, in the future those 2 giants could even need more Energy than the States. Do we have such capacity to produce? Think about it....