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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Logain Ablar who wrote (47779)	4/23/2012 3:36:40 AM
From: Johnny Canuck	Read Replies (1) of 69891

It was actually the fact that their cost was $80 per barrel that was a concern. With rising costs and the fact they are only getting $100 a barrel in North America as opposed to $120 for Brent, it is a problem for Canadian producers. I think the range that has been put forward by some analyst was between $70 to $100 per barrel. An extended move to $70 would mean a lot of companies would no longer be profitable and they won't be able to raise cash in the stock market. It is the same concern I have for some of the gold miners. Some of them have cost of as much $1200 per once according to some analysts. A drop in the price of gold would mean some of these companies would not longer be profitable. .

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