Freeport McMoran (FCX) Message Board

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Gold/Mining/Energy : Freeport McMoran (FCX)

FCX 41.35

-0.9%

9:41 AM EDT

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To: Lynn who wrote (113)	5/5/2008 3:17:07 PM
From: Keith Feral	Read Replies (2) of 141

It's quite strange to see the persistent bearish outlooks from the energy and commodity analysts on the banking side. They are always using outdated price deck assumptions that are well below the market. $90 this year for oil and $80 next year. I'm not sure what planet these people are looking at, but I don't see anyway that oil will back down below $100. Last week, I actually started to scratch my head when oil rolled back from $120 to $113. It doesn't take very long for the commodity traders to push the market back in a hurry.

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