RealMoney.com contributor Dan Dicker reveals his good, bad and speculative oil plays for the year ahead. Get our FREE BlackBerry application: http://m.thestreet.com
Dec. 3 (Bloomberg) – Goldman Sachs Group Inc. expects crude oil to average $110 a barrel in New York in 2011 as demand from developing markets exhausts spare capacity, the bank said in its Commodities Outlook today. Check our Green Star Energies channel.
Thanks for the recommendation to buy Goldnev Resources (symbol:GNZ on the Canada venture exchange). Bought at 5 cents now trading at 8cents. They currently are proving up a huge find in Saskatchewan of possibly 2 BILLION BARRELS of OIL SHALE. This could stock price could go through the roof. $1, $2, $3 ???
Penny oil stocks are good. But first, check out the company! Make sure they don't dump useless shares on the market (check the outstanding shares, and the share volume).
CVX broke the uptrend on the 12/22 which is a bearish sign. EEP is currently slightly above support (24,35 USD) which needs to hold otherwise it will target the 15 USD area. Petro Canada with a very strong resistance at 25,66 USD which needs to be broken first. Right now it is at 20,73 USD. We will see how these 3 stocks will develop in the 1st quarter of 2009.
Dec. 3 (Bloomberg) – Goldman Sachs Group Inc. expects crude oil to average $110 a barrel in New York in 2011 as demand from developing markets exhausts spare capacity, the bank said in its Commodities Outlook today. Check our Green Star Energies channel.
PeakPetro 1 year ago
Thanks for the recommendation to buy Goldnev Resources (symbol:GNZ on the Canada venture exchange). Bought at 5 cents now trading at 8cents. They currently are proving up a huge find in Saskatchewan of possibly 2 BILLION BARRELS of OIL SHALE. This could stock price could go through the roof. $1, $2, $3 ???
OilShaleInformation 1 year ago
Penny oil stocks are good. But first, check out the company! Make sure they don't dump useless shares on the market (check the outstanding shares, and the share volume).
georgehalo123 2 years ago
They were playing "Knights of Cydonia" by Muse as background music, haha.
larrysaintpatrick 3 years ago
LMAO: talking --> loses train of thought --> checks out girl
SlimShuvro 3 years ago
CVX broke the uptrend on the 12/22 which is a bearish sign. EEP is currently slightly above support (24,35 USD) which needs to hold otherwise it will target the 15 USD area. Petro Canada with a very strong resistance at 25,66 USD which needs to be broken first. Right now it is at 20,73 USD. We will see how these 3 stocks will develop in the 1st quarter of 2009.
leepakim 3 years ago