Lakedog
Full time employment: Posting here.
- Joined
- May 23, 2007
- Messages
- 984
Oil does not have to go back to $100+ level for energy/oil companies to do well - just needs to go up modestly from current levels. Bought a slug of VDE less than a year ago - almost a 50% move currently with oil in the low $50s. Oil at $60-$70 seems like a decent possibility looking out a couple of years.