“Unprecedented measures for unprecedented times,” Ed Morse, Citi’s global head of commodities, wrote in a note to clients on Sunday. Morse said the cut will have a significant impact in the second half of the year and help lift prices to the mid-$40s by year-end, but that there will be short-term pain while the market rebalances. --NBC
I made a projection few days ago explaining why USOIL can reach $50 a barrel.
Fundamental comparison of cash flows, valuation, and risk of bankruptcy.
I made a projection few days ago explaining why USOIL can reach $50 a barrel.
Fundamental comparison of cash flows, valuation, and risk of bankruptcy.
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