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  • bearybearybullish bearybearybullish Oct 1, 2005 7:55 AM Flag

    And the winner is.......

    A "warmer than usual" Autumn and early
    part of Winter is predicted. Though
    temporary, the world will seem awash
    with oil.
    I don't think the advance is much from
    this point.
    December 31 closing # : $27.27

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    • OK, I was off quite a bit, so I'll take another stab in an attempt at redemption.

      My prediction is based on:
      * a weak USD
      * continued fallout with Katrina/Rita
      * a seasonable November/December
      * geopolitical shocks, take your pick e.g Iran, Indonesia, Venezuala
      * a continued cheap valuation vis a vis peers (except Total)
      * perceived safety
      * subsitutive effect of more crude demand from high NG prices

      $30 USD

15.36-0.20(-1.29%)1:02 PMEST