one of the 'talking heads' was Art Laffer, who makes Pollyanna look depressed. What they ACTUALLY SAID was that they saw oil CLOSER to $30 than to $75 over the next 12-18 months. I wouldn't bet the ranch on it.
hey, oil at 30, whats the problem. I hold on to my NBR long term and pay a fraction at the pump and watch the entire economy grow and make all my other positions go through the roof. Look at NG, if it was rising like crude, with all this heat, electricity would be terrible. As it is, I'm saving every month and sooner or later it will go up again. My NBR and CHK are more of a hedge against living expenses.
Have these two men made accurate price projections in the past? I've made money on NBR in the past, including on a short term, long trade I did earlier this week. I just restarted a very small position at 29.38. I don't know if NBR will be up or down next week or next month, but those two talking heads don't either.