Comments on: Oil and Gas continue to show Strength

By: Cooper

Cooper — Wed, 17 Jun 2009 04:10:38 +0000

Strong play the whole industry up in large. Agree that overall oil is a Bullish sector that should continue to rise.

By: Simon

Simon — Mon, 15 Jun 2009 18:29:42 +0000

Oil is always in growing demand partly why I agree that always companies are strong power plays within the oil industry.

By: James

James — Mon, 15 Jun 2009 09:34:23 +0000

Long-term is a hard projection as who knows what the state of the world will look like if the whole North Korea debacle blows up to create a bigger problem than most people expect. As a result I like to just analyze oil on a yearly basis and I think that a accurate 12 month projection for the price of crude oil would be around $90-$100. Goldman Sachs projected $90 so its a safe bet around there. You never know though OPEC could superficially inflate the price of oil, like they did last year, to stimulate more money.

By: Thomas

Thomas — Sun, 14 Jun 2009 22:40:11 +0000

Not so sure oil will rise that high. Depends on what OPEC decides to do, I believe $150 is more realistic.

By: Miguel

Miguel — Sun, 14 Jun 2009 22:11:38 +0000

Look for oil to reach $250 a barrel within the next 5 yrs. Just imagine what that will do to the revenue streams of these companies. Up, Up, Up,

By: Jackie

Jackie — Sun, 14 Jun 2009 01:33:13 +0000

NE has huge growth potential in the coming year

By: James

James — Sun, 14 Jun 2009 00:30:17 +0000

Add Petrobras, PBR to the list for strong oil plays

By: Oil and Gas continue to show Strength

Oil and Gas continue to show Strength — Sun, 14 Jun 2009 00:20:39 +0000

[...] Oil and Gas continue to show Strength Oil and Gas continues to be a bullish sub-sector within todays market. My fundamental outlook for the Oil & Gas sub-industry for the next 12 months is positive. I forsee attractive valuations despite lower oil and gas prices. While most U.S. based Oil Companies expect profit drops of around 65% in 2009, I see it rebounding over 65% in 2010 and higher based upon higher projected pricing due to improved long-term economic outlook and new project start ups that have helped boost the upstream in the gas and oil volume. The problems have past as the main thing effecting the sector was the spread of the credit crisis which made it hard for the oil companies to expand. Oil and Gas continue to show Strength | Stocks on Wall Street [...]