Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

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Rollin with Rolland
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Rollin with Rolland » Fri Dec 05, 2008 9:11 pm

Mike Carey wrote:wow, nice first day responses! I haven't even posted this on the front page yet.

One thing occurs to me, there are various grades and types of pil. So for this contest's purpose we will use the Jan 09 NY Mercantile quote - unless someone has a better idea of what to use. Here's today's close:

Crude Oil Jan 09(NY Mercantile: CLF09.NYM)
Last Trade: 40.81
Trade Time: 5:14PM ET
Change: 1.93 (4.42%)

Darn. Looks like I'm out already. Some much for the free lures. :-" :clown: I hope it hits $25!!!
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Lotech Joe
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Lotech Joe » Sat Dec 06, 2008 4:28 am

I'll take a shot at $30.01 .
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by fishnislife » Sat Dec 06, 2008 2:39 pm

$35.35


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Last edited by Anonymous on Sat Dec 06, 2008 3:36 pm, edited 1 time in total.
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bob johansen
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by bob johansen » Sat Dec 06, 2008 6:47 pm

$28.00
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Mike Carey » Sat Dec 06, 2008 9:37 pm

It occurs to me we need a cut-off date for guesses, so let's say December 12th.
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Marc Martyn
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Marc Martyn » Sat Dec 06, 2008 11:25 pm

Mike Carey wrote:It occurs to me we need a cut-off date for guesses, so let's say December 12th.
:scratch: You said a low for the year. How can you call a low for 2008 by ending it on December 12th?:-s
Last edited by Anonymous on Sat Dec 06, 2008 11:27 pm, edited 1 time in total.

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Mike Carey » Sat Dec 06, 2008 11:30 pm

That's the last day to make your prediction for what you think the low will be. If we allowed predications up to Dec 31st that would hardly work for the people that make their guesses this week.
Last edited by Anonymous on Sun Dec 07, 2008 10:37 am, edited 1 time in total.
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OSIDEfish
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by OSIDEfish » Sun Dec 07, 2008 1:26 pm

$41.50

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by johnny » Sun Dec 07, 2008 1:39 pm

$26.50

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by gitarwmn » Sun Dec 07, 2008 7:08 pm

37.77
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A9
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by A9 » Sun Dec 07, 2008 7:14 pm

$33.50
Last edited by Anonymous on Mon Dec 08, 2008 12:55 pm, edited 1 time in total.
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by VHMLLC » Sun Dec 07, 2008 9:23 pm

i say $30.00 straight up.












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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Marc Martyn » Sun Dec 07, 2008 10:30 pm

VHMLLC wrote:i say $30.00 straight up.

:viking:
Sorry Stan, I already called that. I don't think that there can be duplicates.
Last edited by Anonymous on Sun Dec 07, 2008 10:44 pm, edited 1 time in total.

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by the1fishingpro » Mon Dec 08, 2008 12:08 am

Im bad at guessing, but im going to say $34.75
If in doubt set the hook!

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swifty
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by swifty » Mon Dec 08, 2008 4:15 am

$28.45

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by kutthroatkilla » Mon Dec 08, 2008 5:29 am



The low for oil has already been put in this month. From here, only higher. The $30's for oil will be seen in 2009, not 2008...well that's my predication anyways...worth a grain of salt :)

Oil will follow the stock market. Expect the equity market to trade in a range from 7,500 - to 10,000 (on the DOW) for the next few months. Watch for gold (GDX) and related commodities to surge such as silver (SLW) via mega-government-induced inflation. This bodes horribly for the dollar which has been trading on thin, thin ice as of late. The bond-market is about to explode with yields artifically low and moves in the treasury market not witnessed for decades. Commodity plays are about 1-3 months away from take-off with gold well above $1000/oz by March. Buy many commodities now to hedge against inflation, watch oil spike here in the near term but head lower, and lower. Pick a few good engineering and construction firms like Jacbos Engineering (JEC) and Flour (FLR) and look for the high yielders like Catepillar (CAT). Oil will follow the equity market in a relatively good range for the next few months. It's all fun to watch; unless you're retiring now and weren't properly diversified and allocated. Happy oildays! KTK
Last edited by Anonymous on Mon Dec 08, 2008 5:44 am, edited 1 time in total.
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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by wishiniwasfishin » Mon Dec 08, 2008 12:51 pm

$36.04

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Bigbass Dez » Mon Dec 08, 2008 1:28 pm

IM GOING WITH $41.13 ... BTW, I WILL TAKE TWO BARRELS .UPS OR FED EX , IM FLEXABLE !!


:cheers: BBD
Last edited by Anonymous on Mon Dec 08, 2008 1:28 pm, edited 1 time in total.


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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by kevinb » Mon Dec 08, 2008 3:15 pm

Bigbass Dez wrote:IM GOING WITH $41.13 ... BTW, I WILL TAKE TWO BARRELS .UPS OR FED EX , IM FLEXABLE !!


:cheers: BBD
Good call Dez,...A couple barrels =more fishing trips!:cheers:

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RE:Guess the Bottom of the Barrel - of oil, that is... WL.com CONTEST!

Post by Mike Carey » Mon Dec 08, 2008 7:24 pm

Marc Martyn wrote:
VHMLLC wrote:i say $30.00 straight up.

:viking:
Sorry Stan, I already called that. I don't think that there can be duplicates.
Correct - you need to pick a price that hasn't been used yet. And, BTW, it's closest guessed price either side (high or low). NO penalty for going "over".
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