Strong buy ahead of Dec 2015 interest rate hike
Sentiment: Strong Buy
I noticed the 1yr price target was lowered on Yahoo.....?....?
I expect a bottom in oil last quarter of this year. I am in cash position now. As for XLE should bottom with oil or close to it.
I work on the north slope, and I can tell you oil is going lower
Near term $34 to $36 and by Xmas $25
All depends on Saudis and Russia. The Iran oil will hit the market that will send it to the 20's.
If Saudis and Russian slow production.
XLE will bottom when Iran oil hits world market later this year...........wait for bottom in XLE.
Hold cash now..............wait!