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Compiling comments that experts make about stocks while on public TV.

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2012-12-28

General Comment by Michael Giordano

Bias Subject Owned
BULLISH on RESOURCES RESOURCE _N/A

Oil. Expects oil to trade within a $15 band on either side of where we are today. Crude oil is driven by positive demand factors and the IAEA just came out and increased their demand by 1%. This is a 600,000 barrel per day increase in 2013 and is led by China. There are also geopolitical concerns of the Middle East, which will strangle supply. This looks good for prices between $90 and $115.

Michael Giordano
VP Investments & Portfolio Manager,

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