Post by
88guy88 on Jul 05, 2022 11:13am
Price of oil around $101
Citi says it could go to $45 with recession...JP Morgan says higher with demand...another says $65...another commenter said if Russia cuts production in a major way oil could go to over $380
Guess what....they all have no f#cking idea....they are just guessing like you and I...LOL
Eric Nuttal says production is at decade lows and even with recession reducing some demand the price is still going higher and company's like Baytex trading at record low multiples will pay down debt and repurchase shares......Eric probably has the most cred and he is putting his and his family members money where his mouth is as they all own Baytex!
Comment by
TheWokeLemming on Jul 05, 2022 11:18am
It's laughable how nothing fundamental is impacting oil prices. Instead it's all rhetoric and manipulation. Never underestimate the powers that control the system to protect and promote the Democrats. My opinion only.