Goldman Sach blows the freakin lid on oil!
"The cost of crude oil approached record levels today as markets were unnerved by a Goldman Sachs report predicting a 'super spike' in oil prices to $105 a barrel. US light crude rose 38 cents to $55.78 a barrel, moving back toward March 17's record high of $57.60, while London's Brent crude climbed 61 cents to $54.90 a barrel. The bounce in prices came after Goldman Sachs, one of the world's biggest traders of energy futures, issued a report yesterday saying that markets had entered a period in which strong demand and tight supplies could cause a "super spike" in prices. According to the report, energy prices will only return to lower levels once they hit a level at which demand weakens and spare capacity is created."
The spike could start as early as this summer! Investors in oil stocks will make money because they are going higher!!!!!!!!!!!!!!!!!
I am already positioned with SYNM.
The spike could start as early as this summer! Investors in oil stocks will make money because they are going higher!!!!!!!!!!!!!!!!!
I am already positioned with SYNM.
posted by beanie11111 | 11:19 AM
4 Comments:
Why SYNM? It's a sleeping giant, imo.
Read their 8k just released! In 2007, it is estimated they would rake in $185 million based on their interest of the Aje Field. This does not include other joint venture/licensing revenues. In 2008, $202 million is expected. In 2010, $286 million is expected. This is just on that oil field alone!
Beanie, what are the other oil stocks under $20 or even $10 that you would suggest taking position?
-Alan
I found two oil plays that are profitable and has the potential appreciate 80-100% within a year.
NGAS, although it is a slow mover, once it breaks $6-7, it is headed to $9-10.
PZE is currently around $12, has the potential to go to $20-$25. Once it breaks $15, the tone is set.
The two named above are steady Eddies. I don't doubt they will get close to a double within a year.
SYNM is more volatile and is a story stock. It is currently not profitable.
ABLE: Stay away from that one, imo. Pure momo.
GEOI: Although it is profitable, it only has 12 employees. At its current price, it has a market cap of $36 million. For a 12 person outfit, $36 million market cap is a little bit insane, imo. Another momo play. There's no freakin way a 12 person outfit can grow fast enough to catch up to the current PE of 32. Momo.
Oh, here's the last one: TMR. I believe it will trade above $10 by year end.
Write this down, folks: TMR, NGAS, PZE. Come back and tell me by year end that i am wrong! lol
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