RE:RE:RE:Raymond James Upgrades to Outperform $10 TargetBamsmba, I knew it was CDN, I was just sarcastic. If oil and gas prices are maintained at current levels for the next 3 quarters or more, the stock can easily break above $15.
There is some pressure on oil and oil equities due to possible removal of sanctions on Iran and the uncertainty over the crisis in Eastern Europe. One should also expect growth in the Permian shale. But as long as demand is strong and oil prices stay above $85, or even slightly lower, forecasting $10 is a joke.