GREY:LSTMF - Post by User
Comment by
orlandoflon Jun 10, 2016 2:30pm
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Post# 24955603
RE:How Far Can Oil Rally? Investors Wager on Surge Above $100
RE:How Far Can Oil Rally? Investors Wager on Surge Above $100kmapp wrote: Finally more news reports are starting to come around to what I have been saying all along in my past years previous posts, just a question of time for all those cuts to create shortages. Excerpts from article and link to interesting video below. Hopefully LTS will still be around to enjoy the recovery?
"The market faces a supply crunch in the next 24 months," said Francisco Blanch, head of commodities research at Bank of America Merrill Lynch in New York. The International Energy Agency forecasts that non-OPEC supply will suffer its biggest decline in more than two decades this year. Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years -- a clear sign some believe today’s bust is sowing the seeds of the next boom.
https://www.bloomberg.com/news/articles/2016-06-10/how-far-can-oil-rally-options-investors-bet-on-surge-above-100
I think oil should go higher, picked up more shares of cpg and vet today - 3K and 1600 more respectively - too early as usual, but I think they will go much higher from here, or not .... still watching on LTS to see if they get funded.