Replies to post #10753 on SandRidge Energy, Inc. (fka SDOCQ)

[mikoli007]

oil will have a hard time reaching $50 and even harder pressed to stay there in 2016 if the Saudis continue on with their strategy./quote]

Brent crude Oil has risen over 65% in just a few months and is currently at $45.82, and summer is upon us, do you really think oil will not hit 50 easily? I, for one like the low oil prices. BTW, why are you for higher oil prices, beside for your stock purposes?

[oilfieldmafia]

I'm not saying that Oil prices will reach 90$ a barrel anytime soon, yes OPEC is producing oil at a unrealistic rate, but also factor in how much it is taking a toll on them financially. I think we will see a breaking point with Saudi, and Russia along with a few others and we will see them cut back on exporting.