ELK 0.00% 1.4¢ elk petroleum limited

oil to $35???

  1. 2,854 Posts.
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    ctindale's forboding forcasts of $35bbl oil in the worst case scenario of world financial meltdown puts throws out any optimism for Grieve or Ash Creek.

    I'm not sure; nobody can have any certainty as to how things will play out in world markets over the next 6-12 months, however, with all of the information out there in the markets it is interesting that JPM are forcasting WTI at $110 in 2012 (Currently $102bbl) and $118 in 2013.

    Where will oil be in 12-18 months in times like these? We need $50-60bbl. In a best case scenario we could have double.
    Worst case...




 
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