Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Investing

Reply
 
Thread Tools Display Modes
  #1  
Old 06-09-2009, 03:10 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default Oil - Where do you see it by the end of the year?

Oil went above $69 today, but I think that it doesn't have much upside left right now. I'm waiting for a pullback to at least $50 before buying, because I think it went up too far, too fast. Nevertheless I think oil will end 2009 over $60.
What's your take on this?
__________________
No debt
Reply With Quote
  #2  
Old 06-10-2009, 01:41 PM
bullish bullish is offline
Senior Member
 
Join Date: Jul 2008
Posts: 155
Default

Oil will go down because it's too expensive. The recovering economies might support it a little, however price over $40 is too high in my view.
Reply With Quote
  #3  
Old 06-10-2009, 03:06 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

It won't end the year above $60 in my opinion, unless there is a huge devaluation of the USD meanwhile.
__________________
Bear with me please
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 12:48 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.