TORC Oil & Gas Ltd. T.TOG

RE:RE:RE:Oil Price

[Newguy23]

My opinion, though I am not nearly as qualified as Joseph, would be that there is more likely aggressive upside from here at some point with minimal risk of a large pullback (no lower than 45 anyway IMO).  If I am wrong, I sit out a 3-4 month pullback as predicted by Joseph and wait for the inevitable upside.  The longer this pullback lasts (especially if there is a further down leg), the more aggressive I think the resultant upside will be.  And as mentioned in my initial post, I also think people underestimate the risk of supply outages in the middle east given the "climate" in that region.  I welcome any further debate on oil price BTW - it is unfortunately the only real driver of Canadian Oil E&P's given the "very poor" political support for our industry in Canada.