Will oil price will go much higher?

maymac789

Newbie
1 0
Hello every one,
Will oil price go much higher?
I bought suncor energy (oil company ) shares at $40 , 3 years ago, but its price is only $33.
More and more People are talking about market crash now days, but oil companies just started moving up.
I hope its price will go up to 40 before the crash comes.
Thank you very much for your reply.
Have a good day
 

hatemypips

Established member
698 61
Hello every one,
Will oil price go much higher?
I bought suncor energy (oil company ) shares at $40 , 3 years ago, but its price is only $33.
More and more People are talking about market crash now days, but oil companies just started moving up.
I hope its price will go up to 40 before the crash comes.
Thank you very much for your reply.
Have a good day
Saudi Arabia's state oil company Aramco is now public - can you guess why? The most likely answer - they value short-term cash they receive from selling shares higher than expected future cashflows from selling oil. It's really a red flag for the oil market, especially for bold bulls hoping to see oil at 120 again :)
 

hatemypips

Established member
698 61
I'm going to short oil next week with Hotforex because clearly it was excessive reaction which drove market out of balance. Fundamentally oil prices have no reason to become more expensive, supply is a lot while demand remains weak, global economy still can't get out of the woods.
 
 
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