2013-01-22
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| BUY | $39.210 | BULLISH | NORTH AMERICAN - LARGE | Yes |
Likes it here. Has been disappointing lately with the price of oil been stagnant or coming down in the mini-correction or slowdown we had. If you look at some of the IEA data going forward and the pickup in growth in emerging markets, you may be surprised at the very heavy demand for oil. Looking for $49.50 and with the yield, it gives you a 35% return.
Peter Brieger
Chairman & Chief Executive Officer,
GlobeInvestment Capital Management http://www.globe-invest.com