Goldman Sachs predicts $105 crude

Let's simplify this. This view has everything to do with getting M&A advisory and underwriting business and very little to do with oil supply and demand and reserves.
 
I predict $60s soon and can't see it falling below $50 for too long.
Although the price has lowered it's still over 30% higher than last year and I don't think many of the problems escalating price have been solved.
 
Yeah of course they expect it to go to $100. They are probably selling a lot of puts on calls on it as well as they give this recommendation. Sound like CNBC in the late 90s???

One way or another the big guys will try to put their opinions out there to sell you sht!!!!!!!!!!!!!!!!
 
Does anyone have the name of the analyst who said oil is going to 105? Or is that the opinion of all the analysts at GS? I guess my main question, is how did this bank get such a good rep.
 
By being a bunch of two-timin' ass-kissing crooks, that's how.

Quote from sammybea:

Does anyone have the name of the analyst who said oil is going to 105? Or is that the opinion of all the analysts at GS? I guess my main question, is how did this bank get such a good rep.
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$100 per barrel oil is pretty unlikely within the next few years. Part of the reason prices are so high now is that there are problems with supplies in several different areas. That being said, oil is probably going to be a volatile market for the next couple years, and spikes above $70 could happen-Particularly if Saudi Arabia and the other Gulf monarchies become more unstable. Global Futures is having a free web seminar on this subject on May 8th.


Christopher Persaud


Futures Broker
 
Quote from DonCorleone:

okay, fwiw...

the crude oil futures finished at $50.25/bbl today.

spitzer should be all over GS by now. unless of course, he too had some oil stocks he wanted to cash out of. :p

maybe i'm jumping the gun, but I say we see $40 before $105.
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$40/barrel, here we come! :p :D
 
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