GulfSlope Energy Inc (GSPE)

[smith199]

My guess is that your prediction of WTI >$110 will continue to be the case. I checked my crystal ball, and I predict WTI will be $129 no later than July 27th. Please, Do Not shoot the messenger!

The trends I follow are indicating a curve Higher is to be expected. Some are even projecting a price of $200 by EOY. YIKES! Recession? And if that was to actually happen, I would not want to be a ‘D’ running for re-election at mid-terms. Perhaps the EIA is attempting to influence expectations? Who knows? As for me, I am going to wait for Exxon to forecast lower prices before I believe it.

Consider that with the value of producing assets continuing to increase with the high oil price, at some point it should become more economically feasible to drill for reserves rather than purchase them.

All things considered, once this turmoil in the energy and financial markets is worked out, everything points to the GOM becoming a hotbed of activity. As has been stated before, now it is a waiting game for us.






Mrs. Smith