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Old 05-25-2009, 03:45 PM   Nav to Top  #1
jiggs
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Default $100 oil and what it means to BCF, OPC, CMT

Hi All,

Just came across an article in the Star today which suggest that the price of oil could hit 100 again this summer:

TheStar.com | Business | Is $100 oil coming soon?

I was wondering if this was the case, what would it mean for OPC, BCF and CMT?

I've read that OPC has a hedge on $65 a barrel so it might not be a good thing for them. But I'm not sure what it would mean for BCF and CMT.

These are the 3 primary oil companies I've been following on the TSX. Any others which would be good picks if oil surges? Good in that it would double or triple. NXY would also benefit but at $24 a share it can't really even double.

Cheers,

Jiggs
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Old 05-25-2009, 05:04 PM   Nav to Top  #2
AdamJ
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IMHO it isn't great for Opti not so much from the oil hedge as that loss could be manageable but, the currency hedge may put them into the same situation as last year.

It should benefit both BCF.TOand CMT.TO. There are a lot of beaten down juniors still out there. I like CLL.TO for oil and QEC.TO for gas.
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Old 05-25-2009, 10:16 PM   Nav to Top  #3
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Bring it on, 100$ oil may be an unfortunate obstacle we may have to overcome, but it will do wonders for my portfolio. I think everyone should have a few oil plays in their portfolio. Mine are SD BCF and AFR
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