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Posts by "gunjack"
1237 Posts Total by "gunjack":
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Posts by Anonymous "gunjack":
"Jeff Rubin at CIBC World Markets in Canada predicts $200/bbl coming very soon. He correctly predicted the price of oil reaching $50 in 2005 and $100 in 2007. The year 1966 was the peak for discovery of new oil fields. Production declines by 4 million bbl/day/year because of depletion. The industry must discover reserves over the next 5 years that will add 20 million bbl/day of capacity. A new oil sand project in Canada can carry a price tag of $90/bbl. Demand/depletion will push up price."
FX Handler what are your views on USDNOK....Im playing a convergence trade b/ween NOK and CAD against the USD. NOK is v volatile though...moves +/- 400 pips on a daily basis now...My view is med term NOK will get stronger due to Norwegian econ being in better shape than competitors
Asad I'm hearing many ppl talk about natty gas...general consensus is that we could see it going below $2 per mln BTU as new liquefied supplies hit the market
Thnks
Gunjack