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Timothy Smith

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Timothy Smith

Re: Silversurfer1 post# 284

Sunday, 07/08/2012 8:04:05 PM

Sunday, July 08, 2012 8:04:05 PM

Post# of 968
Interesting points on oil. $70 doesn't seem to far away but also doesn't seem very realistic (JMHO). The threats in the Middle East accelerating and Europe moving closer to resolutions we could see some pretty aggressive price movements.

Suffice to say I would welcome $70 per BBL for the very reason you pointed out, it creates a buying opportunity for many oil stocks, not to mention very attractive buying opportunities in the oil patch.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

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