DJ Forbes Energy Tgt Raised To C$2.75 From C$2.50 By Paradigm >FRB.T
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
April 17, 2009 09:04 ET (13:04 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
As i wrote in the previous message we should be looking up untill the end of next fall .
Forbes is servicing the oil industy in Texas and around , it has a contract with PEMEX since last fall and has the most recent and performing equipment in a industry where almost all competitors have equipment dating back more then 20 years . This is MOST relevant in that business of servicing onshore rigs and transportation .
The second factor to consider at this time is NOT the price of oil " unless the economy crashes down " but the upcoming hurricane season in and around the Gulf of Mexico where Forbes is doing business .
The next six months should oreve very profitable and even more so if the price oil increases
