Replies to post #902 on REX American Resources (REX)

[value1008]

I have no idea. Oil in mid-$52s again is a surprise-- obviously Middle East unrest is behind the surge. But what about the continuing big production glut of oil? If oil heads back down to test $44 or lower, where do REX, PEIX and GPRE go?

There's just too much uncertainty for me right now to get invested. I'm not in the camp of those who think oil is headed up to $60s or $70s/barrel in the next few-to-several months.

I think "fracklog" is going to suppress oil prices for months to come.... Jmo....