Official Let's Make Some Money Off Stocks Thread
12-12-2008, 08:11 AM
#1792
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Originally Posted by Penforhire,Dec 12 2008, 11:46 AM
$30/bbl in Q1? That'd be insane. Maybe if all our consumption comes from the Saudis. Most regions' costs to get it out of the ground are higher.
"We revise down our 2009-2011 crude oil price forecasts in view of more severe than expected deterioration in oil demand globally. We think the oil supply-demand balance appears most challenged in the first quarter of 2009 an believe that oil prices will need to drop to below cash cost levels to drive forced shut-ins by non-OPEC producers."
So, yes they are predicting a price below the cost of a lot of production.
12-12-2008, 09:31 AM
#1796
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I think with the market this low, most big bad new is already baked into the market by the investors. If we get a bail out the market is going to rally higher for a longer time.
12-12-2008, 09:55 AM
#1797
Originally Posted by PearlwhiteS2k,Dec 12 2008, 11:31 AM
I think with the market this low, most big bad new is already baked into the market by the investors. If we get a bail out the market is going to rally higher for a longer time.
I am sick of hearing about all the negative news being priced in and the same people saying that anything positive that is well known isn't priced in.
The government needs to stop with the bailouts.
12-12-2008, 11:30 AM
#1799
Originally Posted by AZDavid,Dec 12 2008, 10:55 AM
The government needs to stop with the bailouts.
12-12-2008, 11:59 AM
#1800