Disclaimer: Usually I try to provide some meaningful commentary about NFL
This time I would like to speculate about what might happen to NFL's share price in the near future ... perhaps other people with insight could also provide some predictions*
Mine are based on calling the "bottom" the period from February to June** and assuming the price will rise like it fell, so:
20 cents by the start of September 30 cents by the start of November 40 cents by the start of December 50 cents by the start of January 60 cents by the start of February
I could be wrong of course, but I am making the following reasonable assumptions:
- Glycerine will continue to be refined profitably - Crude Oil Prices, and therefore, Diesel Prices will continue to rise - Palm Oil Prices will NOT mirror the increase in Crude Oil Price because the slowing world economy will put restraints on food pricing - Biodiesel refining will commence this year
* Even if they predict 5 cents by December! ** I am ignoring the speculative rise in February for this bottom
BGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held