The $200 Oil Call… Outrageous or Circumspect? (GS, EP, UPL, FST, EAC, KWK)

If you thought oil prices of today are high with oil prices north of $105/barrel, imagine what a $120/barrel, or $150/barrel, or even $200/barrel oil would do. A firm called United Energy now has a $120 target near-term for oil, and recently and at the end of February we saw Deutsche Bank ponder the thought of a $150/barrel price for oil. Now we have Goldman Sachs (NYSE: GS) joining the fray with a call that at least ponders (not predicting) prices far north of its last $135 super-spike call that had been raised from $100/barrel. Goldman Sachs isn’t really predicting…
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Original Source

  7 March, 2008| Economy | @ 21:58

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