Quote:
Originally Posted by
Eval
Analysts downgraded AIR after FY16 last year based on raising competitions and higher OIL prices.
Since AIR have managed competitions very well and OIL prices managing itself :cool:. Oil still sliping. Oil prices enters bear market. The days of turbulence are over. Future ride look very smooth :sneaky2:.
http://money.cnn.com/2017/06/20/inve...p-toplead-intl
Macquarie lowers oil price targets
From the media -
Macquarie has lowered its Brent crude oil price targets by between 7 and 13 per cent amid an “era of easy oil supply to 2020”,
The broker has Brent averaging $US54.15 in 2H17, $US49.33 for 2018, $US52.75 for 2019 and $US65 for the long term.
“Our analyses indicates there will be too much oil being produced, loaded, and marketed around the world until 2020,” Macquarie analysts say.
And it ended capitulations by analysts can often mark price bottoms.