GREY:PRBEQ - Post by User
Comment by
kisstopherpon Aug 05, 2015 8:15am
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Post# 23989854
RE:RE:RE:excellent buying opportunity.....
RE:RE:RE:excellent buying opportunity.....
Roverthing wrote: I don't think that oil is going to stay at 45$ a very long time. But don't forget that Rooster doesn't have just oil as income, so it is a very well diversifed company as you probably know if you did your own dd. So the risk here is much lower than many other companies. Buy low and sell high! IMO
There are analysts who predict sub $40 and I personally believe $40 by september is more likely than $50 anytime soon.
Inventories are at all time highs - despite increases in demand oil companies are still producing too much oil. The industry still needs more consolication and the dead wood to die and go away before prices increase.
Yes I'm aware of Roosters vertically integrated business - I think .06c is a very safe buy. Too bad in a healthy junior oil market and a Venture that wasn't at all time low's this would be .20c.
What are your thoughts for the next 6 months - 1year ina $50 oil market for Rooster.