Sweet 16 member GEOI's fair value is highly leveraged to oil prices, as is watch list EPM's. So if the IMF is correct and we see higher oil prices these companies might see target prices raised.
The IMF warns of higher oil prices as global supply is not growing as fast as demand. And the hurricane season should be active - and may impact Gulf of Mexico production.
Last, the merger frenzy continues this week.
We discuss today:
http://www.lsgifund.com/index_files/Page960.htm
IMF Warns on Oil Prices - Might boost GEOI targe
-
wilmawatts
- Posts: 685
- Joined: Fri Apr 01, 2011 10:12 am