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Hercules Offshore, Inc. Message Board

  • blackgoldgusher blackgoldgusher Mar 26, 2013 5:11 PM Flag

    Oil was UP $1.50 a barrel.....Good and bad

    I think that Oil is up only because the spread between brent and wti is coming in. That is good for Hero as long as Oil does not go to $150 a barrel. Most experts believe that oil will not go up much and many believe that the price will drop. Oil at about $100 a barrel is very bullish for Hero and may lead to the stock rising to say $30. $150 oil though would lead to a slowdown that would maybe tank the market and Hero then would trade where oil would trade. The fed is pumping however and when the fed pumps OIL is the number one benificiary.

    Sentiment: Strong Buy

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