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IBDvalueinvestin (98.62)

Oil gonna re-test 2008 highs $147 this summer..



March 16, 2012 – Comments (4) | RELATED TICKERS: ROSE.DL , CIE , RIG

Based on the economy getting better combined with Iran tensions (Fuel prices: Iran missile launches send oil to $147 a barrel record), we have a perfect storm brewing in 2012 to send oil back to re-testing $147. So what do we do to hedge against this oil increase? You buy a mixed bag of oil drillers, & Oil service & suppliers.


Some stocks to look at: ROSE, CIE, BHI, RIG, APC, and PACD a much smaller driller which just started drilling in Brazil  




4 Comments – Post Your Own

#1) On March 16, 2012 at 1:38 PM, IBDvalueinvestin (98.62) wrote:

when you see Offshore drillers demanding over $500k per day and getting it, you know that oil is starting to skyrocket..

I am the last guy on earth that wants oil at $147 because I heat with oil, and drive gas guzzlers, but it is what it is.

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#2) On March 16, 2012 at 1:48 PM, mwm102 (< 20) wrote:

Really? There will be no missle attack on Iran until at least the November election. Cushing OK is swimming in crude. The reason the gas prices are high is an oil refinery has been closed so we are producing less and demand at $4 a gallon has caused a drop in consumer usage. $147....Really?


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#3) On March 16, 2012 at 2:20 PM, IBDvalueinvestin (98.62) wrote:

mwm102 I hope you realise that the BAN on Iranian Crude commences this summer. 

The Market looks ahead and will price that oil ban before the summer ban actually starts. 

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#4) On March 25, 2012 at 8:30 PM, DiscoveryAlarm (< 20) wrote:

It already has priced it in... 80$ will soon come around I think, and thats high enough as it is. No one wants a war with Iran. Iran clearly wants to talk. If israel wants to fight...let it.

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