July 30, 2021

8 thoughts on “Will Oil Price crash to $20 or rebound to $70 in 2016?

  1. Hi Rolf

    Merry Xmas in advance.

    Where do you think it will go since you worked in the sector? There's probably only two directions it can go isn't it.

    1. Hi B,

      Merry Xmas.

      If I know I will not need to work in the sector anymore! Haha… 50/50 means it's more like a gamble to take sides!

      Yes, either up or down, but up n down does not mean $20 or $70, and does not indicate the time factor which Pickens boldly predicted.

      The price is of less significant to me than the time. Even if Oil price rebound to $xxx, will Oil co ramp up immediately all projects? Will oversupply of rigs/vessels disappear all at once?

      More importantly is will people not get retrenched?

      Having said that, it's good to experience down period, because that is when u learn the most.

      It's challenging time for at least 1.5 years or more, that I dare to bet!

  2. Rolf,

    I wouldn't bet against T. Boone Pickens.

    He made tons riding Natural Gas to USD10 a few years ago 😉

    That's the beauty of investing/trading to achieve.

    Look at T. Boone Pickens, Carl Icahn, Jim Rogers, Marc Faber, etc.

    I'm not worried nothing to keep me intellectually occupied when I get even more younger at heart 😉

    1. Hi SMOL,

      Consider these people at that kind of level n age with tonnes of experience n successful track records, if their sentiments are coherent, there must be more to it, than just pure optimism.

      Hmmm..I do prefer to be intellectually occupied most of the times, but not necessary in financial charts or reports. 🙂

    1. haha…. good for the industry n net exporter, and of course those who own relevant stocks.

      U have my vote!

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