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  • Fishing for an Answer: Energy, Energy, Energy [View article]
    lentz: yup, if israel or the US strikes at iran, you'll see oil at $200 overnight (or higher) and gasoline at $10/gallon. if iran is successful at closing up the straits of hormuz for a few weeks or months, these numbers will look like bargains. that is one reason i cannot understand why a company like COP with alot of domestic supply sources is trading at below a market multiple. it makes no sense at all, even considering windfall profits taxes which i don't believe will have the impact that is being priced into stocks like COP, XOM, and CVX. if iran is hit, these stocks will bounce. bigtime.
    Jul 06 13:48 pm |Rating: +1 0
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