I would bet the CFO knew before the purchase, and was showing that it is not as material as some think. He was probably brought in because the auditors had picked up something, and this is his vote of confidence
If you google Jeff Currie for 2013 predictions you will see he called for 150 oil. I think he will be wrong again.
Jeffrey Currie, the influential oil analyst who heads commodity research at Goldman Sachs, said today at a conference in Frankfurt, Germany, that Brent crude oil prices could rise to $150 per barrel this summer.
Brent crude futures are currently trading around $110 per barrel, implying 36 percent upside from here.
Hans Bentzien at Dow Jones has the scoop:
Mr. Currie pointed out that despite the boom in U.S. shale gas, the oil price remains high, which he attributed primarily to sanction-related supply disruptions in Iran.