thebarry111, nice prediction of $60.00 pb next year. If that happens I will be amazed, it won't happen, not if those Sand Niger's have anything to do with it and they have plenty to do with it.
Oil will be $150 to $170 pb in two years time. Once it cracks the $100 pb there will be no stopping it, she will fly to $110 to $120 within 2 to 3 weeks.
It will be a very similar situation to when Oil hit the $50 mark, when it broke thru that for the first time it busted thru $60 within 2 weeks & $70 shortly after that. All this happened only 18 to 24 months ago. It might retreat to mid $80's for awhile but those Sand Niger’s love the cash $$$$$ and they'll great some dilemma in the Middle East to keep the price roaring.
The ELK is a keeper 'Put it in the skin box'.
I'll be sitting back today watching this Rocket Ship take off, like Miss Andretti down the straight at Flemington..
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held