RE:Oil Pricewictor11 wrote: A couple of days ago I wanted to get into oil as I don't own oil stocks. Thanks for the feedback to my previous question on BTE or CPG. Will this be a short term rally? Wish i jumped in a couple days ago but it is what it is. Do you guys see another fall in oil prices in the next month or two or week or two? Shocked how volatile this is. Surplus of 4million barrels, iran to increase production and oil jumps almost 10% in a couple days. hard to make out what is what>.. but good luck to those that bought at the lows. Do you guys think we will retest those lows one more time??? Thanks and have a great weekend and make some money today of this price increase. Cheers!!
This will be a short term rally because BTE and Oil were oversold. I believe we will see a retraction but this stock will go back to a more realistic level of $6-7 within the next couple of months (I hope).