Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (47779)	4/23/2012 3:36:40 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69873

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. .