Quote:
|
Originally Posted by warlock5
What do you think about when Steve Forbes said that in the short term that the price per barrel will drop dramaticaly?
|
I heard he called for $35 barrel of oil. Sounds like he is shorting oil. While there might be a short-term pullback, I don't think you can go wrong owning oil&gas stocks. Most companies are presently valuated based on a $40 or so barrel of oil, so anything more and they are gushing profits, and you have a pretty solid floor unlike many other tech stocks...that can blow up overnight.