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Posted on 12/29/15 at 11:41 am to Shepherd88
Barring some cataclysmic hitting the fan event I can't see anymore than $60-$65 per barrel as an average for the next 10 years or so....too much of it and too good of technology and bust my britches if the stuff doesn't appear to be renewable...contrary to the talk of the 70s and 80s
Majors are for long term holders
Majors are for long term holders
This post was edited on 12/29/15 at 11:42 am
Posted on 12/29/15 at 12:27 pm to Shepherd88
quote:
So oil going from $140 to $40/barrell in 2009 wasn't considered a bear market?
2008 be the start of the oil bear in my opinion. From a big oil stock stand point though, several of those made higher highs after the 2009 bottom. For example, Chevron went up ~150% from its 2009 low.
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