I just finished canvassing the Street to see what analysts are using for the price of oil for 2005, the integral element of their estimates. The average of the whole Street is $31 a barrel. Nobody is higher than $35; many are still below $30. Here are the prices I have as of this morning from the firms that have helped:
- Goldman Sachs: $35
- Raymond James: $34
- AG Edwards: $32
- Merrill Lynch: $32
- Lehman Brothers: $30
- Smith Barney: $28
- UBS: $28
- CSFB: $27
- Bear Stearns: $30
Oil is north of $45, and the stock market keeps downdrafting. Gee, I wonder why there's fighting in Najaf.
|
|
|
Permalink :: 1 Comment :: Post a Comment
|
In order to post a comment, you must be logged in. If you have a member account, please log in to comment.
If not, you can make an account right here. It's quick and free.