RE:JD.....RE:Wolf, I'm looking for sustained 75 dollar oilCurious Wolf, what sectors did you invest in prior to 6 months ago when you showed up and scored to get into oil. Do you own other energy shares? Were you in weed stocks or biotech? Did you own American shares? Did you lose on Nortel Networks?
Have you ever been in energy stocks the last decade? If you are a grandfather it's very odd and risky to get into energy stocks when they were in the abyss and oil was negative $40 a barrel. That's extremely risky for a guy who sounds so measured.
I think the market is not currently recognizing $75 oil so I just don't see the massive upside you suggest in 18 months from $75 oil. I think it will be flat trading from now until then if oil never gets last current levels.
OPEC is going to have to do with it. My prediction and here is my forecast, if oil averages less than $75 a barrel for 18 months we won't be much higher then we are today share price wise because the debt will still be very high. We need consequential oil price increases here above $80 to move this stock further.