Agoracom: Small Cap Investment - Connacher Oil and Gas

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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WTI vs BRENT

dondon

Dec 18, 2008 09:33AM

Re: WTI vs BRENT

sharky

Dec 18, 2008 10:00AM

sharky

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Re: WTI vs BRENT

in response to

Re: WTI vs BRENT

sharky

posted on Dec 18, 2008 10:08AM

J.P. Morgan analysts cut their 2009 oil price forecast to $43 a barrel from $69

Trend-line support is roughly the $38 mark, said Edward Meir, an analyst at MF Global.

"Given how gloomy the outlook is at the moment, particularly in the aftermath of the OPEC decision, we very well could test this level by early next week," Meir said.

"Below $38, we don't see anything until the $25 level," Meir said. "This is admittedly a rather dramatic set of chart-based forecasts for a complex that only six months ago looked like it could do no wrong on the upside.

1 Recommendations

Re: WTI vs BRENT

rebels1

Dec 18, 2008 10:27AM

Re: WTI vs BRENT

sharky

Dec 18, 2008 11:20AM

Re: WTI vs BRENT

dondon

Dec 19, 2008 04:25AM

Re: WTI vs BRENT

denby45