Posted: Monday Aug 27 5:52:10AM 2007
I have heard several opinions that oil is more likely headed down than up. The summer driving season is over and supplies are high. Given the shoulder season is almost here, enthusiasm may be light for energy stocks. A hurricane, a cold winter, supply disruption? All potential bullish factors but the actual fundamentals seem to point towards near term weakness in price. Bobwins
Posted: Sunday Aug 26 6:32:13PM 2007
Can someone please explain why oil stocks (particularly juniors) are priced so low when the price of oil seems to be holding firm in $69-low 70s range? What am I missing?