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Pengrowth Energy Corporation Message Board

lifeblack 1 post  |  Last Activity: Jan 6, 2015 12:37 PM Member since: Mar 16, 1998
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    trading should be halted on these energy

    by a2e2b Jan 6, 2015 3:05 AM
    lifeblack lifeblack Jan 6, 2015 12:37 PM Flag

    Unless something unexpected and significant happens (like Russia deciding to cut a few million bpd), oil prices will fall further and then stay low through mid-may, when I think there will start an anticipatory rise ahead of the June OPEC meeting. I think oil prices will bottom around $30, and then bump along for a month or two around or below $40. My opinion is that oil will recover to $80 by september/october

PGH
3.01-0.16(-5.05%)Mar 27 4:07 PMEDT