ELK 0.00% 1.4¢ elk petroleum limited

2012 - 2014, page-9

  1. cya
    3,836 Posts.
    Break 50c in 2012 and 1.00 by end of 2013

    There the biggest headwind in global financial history heading our way, oil prices around $35 are not out of the question. Commodities face the biggest implosion in living memory (maybe in history)

    The economy will recover. Although it brings into play the break even issues for Denbury etc when the oil price heads below $50. Im expecting a global implosion and significant depression. QE has failed twice and there is only so much debt that can be transferred from private to sovereign hands. This time when the bankers come pleading poverty and ruin the knock at the door wont be answered .

    The world for 6-12 months will forget about the Chinese miracle, peak oil, etc. it will all be gloom and doom, which is the best time to buy.

    Like Ive mentioned before I wouldn't be surprised to see 10-15c again.

    As far as investing elsewhere , we are entering a new era, its better to sit on the cash for now and wait for the buying ops.
 
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