Post by
alvarez2 on Jul 01, 2021 9:19am
Oil putting in new highs.....
again today. NVA......$6 by the New Year, $ 8 by next spring.
Comment by
Carjack on Jul 01, 2021 9:37am
75.94 for oil Up over 2 bucks. I'll be first to admit I'm optimistic but your numbers are low for this kind of pricing. I would guess 6 bucks by fall.
Comment by
alvarez2 on Jul 01, 2021 9:53am
If it can continue at it's current pace, you could be right. I'm always a bit skeptical with these sharp moves however imo it's not worth the risk of trading it. The outlook looks pretty bullish for the industry over the next few years.
Comment by
Carjack on Jul 01, 2021 11:12am
Watch the boom or bust nuttal interview he seems to thunk it can go way higher. He thinks oil is going past the 07/08 peek of $147
Comment by
alvarez2 on Jul 01, 2021 11:49am
I take forecasts like that with a huge grain of salt. Not saying it isn't possible but let's face it, he's a perma bull. Reminds of the gold bugs forecasting $5,000 gold. Let's see if we can get to $100 1st.
Comment by
Carjack on Jul 01, 2021 2:59pm
He only needs to be half right and we get to 100 oil. Should be a wild ride and nice to see summer strength regardless.