RE:RE:Josef SchachterSchachter wouldn't know if crude stocks were up . down, sideways, or in another dimension, he knows no more then you and I. He is constantly bearish on oil, no matter what the current situation is or price is for the last decade! Yet he picks stocks in the oil and gas sector to buy like Pengrowth, where he has a target price of $3.60? The consensus for Pengrowth by all the analysts is they desperately need higher oil prices and this year to satisfy their debt covenants or they are in trouble. Schachter is calling for oil prices to fall into the $30's next quarter but Pengrowth is a pick???
Come on that is just nuts! The stuff that comes on BNN is just unreal!