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Oil to hit $185, say experts….

[Paray99]

I believe it. Apart from all the manipulations in the Western markets, oil will definitely see $200 in the coming months. All the oil producing companies will see 2X and higher the current stock price in return. Imagine, still it is nothing compared to their free cash flow and profitability, while the tech stocks are ridiculously priced tens of multiples of their financials..... Biden cannot do anything on it. The climate activists, who live on others tax money will not succeed this time, because the general public know it is all BS with stupid target deadlines by a minority activists who don't want to work for any good (to raise a family or do a proper job to support the society).

If Europe phase out from Russian oil and gas, above things will happen 100%. Even if Europe is not fully phased out from Russian oil, it is going to happen to some extent, May be we will see the oil at $150.

[Moemoney42]

I don't think a price that high is attainable personally.. and hope we don't see it, as it will throw the world into recession, if we're not heading there already.. $100 - $125 WTI is about the limit that the economies of the world can still function without too much stress.. IMHO..

[tollycraft]

I agree Moemoney.  If we can stay consisitant at $105-$115 that seems to be where energy stocks seem to do well.  Not to much strain on the economy but a good place to settle in.  Good financial quarterly reports, good cash flow, the fact people are travelling again (regardless of fuel costs as all have been parked for to long) and company share buy backs will keep the growth going

[1970Craig]

Agree 110 % Tolly!! 

[Paray99]

on what basis are you telling this. The inflation on other goods will certainly accommodate $185.

[Moemoney42]

Don't you realize energy costs are what's partially fueling inflation? Not the other way around..!

[1970Craig]

 Both of you may be right ! It's percentages right ?  What would it take to hit $185 ?  A large misile from Putin ( unlikely ) he is actually tip toeing through this entire war weather you think it or not.  He is actually being methodically careful.  As sick as this is ! Then I think you would need a total out right hard ban on Russia oil.       I

[Anschutz]

I think your points about NATO are correct. I firmly believe this war was stoked by the USA/WEF in effort to weaken and displace Russia's foothold in the Black Sea and eastern Ukraine.  Zelenskyy was a fool for believing he had the full support of the USA and NATO.  They used Zelenskyy and the Ukraine as pawns.  The USA/WEF had everything to gain and nothing to lose. 

[1970Craig]

I want to just say how bogus it is that the regular people of Ukraine the ones that actually build something with there hands , keep peoples cars on the road , grow there food , cook the food ,  and raise the children you see , are the ones who pay the price.      You know I also bet 90 percent or more of the Russian solders didn't want this either , but are going to say

[TheWokeLemming]

And then the ignorant will complain of "corporate greed" instead of recognizing that their own government has been responsible for so much supply destruction that Canada cannot give relief to world oil prices despite us being in a great position to do so.   The average Canadian has the intelligence of a stone and has bought into the climate alarmist fallacy.