Who would have thought that oil would be trading at US$50 a barrel?
But even after a 50% drop from the peak in July, 2014, momentum in the global energy sector could continue to drive prices even lower, possibly down to US$40, says Sprott Global analyst Eric Angeli.
So does that mean investors should stand on the sidelines waiting for the recovery to kick in?
Angeli says no. “Trying to guess where the bottom lies is a fool’s game,’’ he told Stockhouse, during an interview this week. (more)
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