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The prediction from Goldman is not looking good for $5-6 oil....

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bweerniedeed

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29/08/17

19:26

Post #: 26846841
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Originally posted by MoneyBags1348 ↑

I've been doing as much research as I can since Hurricane Harvey reared its ugly head. There are varying reports on oil rig and refinery production / loss of production figures. Some of my calculations above might be a little ambitious, but there is also the fact that imports and exports over the 4 - 5 days have been affected and its pretty hard to get a precise picture on how the price of oil will react to everything that's occurred. It still seems to me that it should go up pretty significantly but I think I'll wait until I see how the oil stocks in the US have been affected later in the week as this seems the safer way to approach this stock. One thing is clear, and that is that US production will be down, and that seems to have had the biggest bearing on the oil price of late. Good luck to all holders of this stock!!

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The prediction from Goldman is not looking good for $5-6 oil.
http://oilprice.com/Energy/Gas-Pric...or-Could-Take-Months-To-Heal-From-Harvey.html

STO Price at posting: $3.76 Sentiment: Buy Disclosure: Held
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