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Message: Forecasts on Oil Prices from Peter Grandich

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jillsdad

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Re: Re: Forecasts on Oil Prices from Peter Grandich

in response to Re: Forecasts on Oil Prices from Peter Grandich by gosolo

posted on Dec 05, 08 07:03AM

I enjoy Grandich's blog and I do read it regularly. He makes a compelling arguement and his thoughts are usually correct.

What a kick in the teeth to the stock price yesterday. It's incredibly undervalued right now. Way below book value. When you combine this with Grandich's view that oil prices will turnaround in '09, this could prove to be a very interesting buy at these levels.

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