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Uranium Stock Opportunities for the Short Term: Part 1
But Jim Letourneau says he’s “medium-term terrified”
As a geologist and investor, Jim Letourneau, editor of Big Picture Speculator, has a unique perspective on the energy sector. An admitted optimist, he claims to be "short-term bullish, medium-term terrified and long-term bullish." In this exclusive interview with The Energy Report, Jim discusses the irregular flow of today’s markets, where to drop anchor for some good short-term returns, and why he foresees a more sustainable balance in oil going forward.
The Energy Report: Jim, let’s start with an overview of where you think we are right now. I like the line in your January…
Oil Prices Climb on Speculation that OPEC and Russia will Cut Production
Speculation that oil prices are beginning to bottom helped push crude contracts higher yesterday (Wednesday), as traders closed out short positions and rumors surfaced that both Russia and the Organization of Petroleum Exporting Countries (OPEC) are planning to cut production next week.
Light, sweet crude for January delivery rose $1.45, or 3.4% to settle at $43.52 on the New York Mercantile Exchange, after climbing by as much as 7% earlier in the day. Futures have plunged roughly 70% since hitting a record-high $147.27 a barrel in July. However, they may be set for a rebound as traders close out short positions and production cuts…
11Dec2008 | Money Morning | 0 comments | Continued
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