Really all depends.
If a deal is announced tomorrow and the market doens't like said deal, down she goes. Quite possibly under the 2.00 mark. Will it be down there to stay if that happens in the short-mid term *SHRUG*
I feel pretty confident that in the next 6 - 9 months (mid to long term in my opinion, for this kind of security at least) we see oil head into the 60+ range.
That said, the people who get in UWTI at bottom dollar will be smilling all the way to the bank if that happens as most think will.
Questions are will oil head north of 60 like most think it will,is this bottom dollar on UWTI, and do you want to wait if it isn't. Tough questions that you have to answer for yourself.
No crystal balls here. Mine are made of flesh and blood :)
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