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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (22684)	3/11/2005 12:13:35 AM
From: Taikun	Read Replies (1) \| Respond to of 108881

Yes...'when crude breaks hard'. How hard would that be. Crude could break hard and still be at $44. chartingyourfutures.com Analysts use $32 for crude...if it breaks below $40 and stays there, I might agree. I would say Icahn is right, they should lock in $55 and not wait for $44, what I'm saying is that at $39, these energy companies have massive profits that aren't reflected in the targets since the analysts are using $32, and to get $32 as avg price for 2005 (2004 was 41), we'd need avg $26 for 10 months. Is crude going to go to $26 the next 10 months?? That's what we need to hit analysts targets for 2005 of $32. We had over 1 month at $55 and 1 month at $50. Icahn being right doesn't make me wrong.