I think we are likely to remain in a trading range for some time.
More Quotes from Ben Halliburton:
I'm not quite sure how he thought it was an economic deal at 5 ... I don't think that's the case.Ben Halliburton
Even so, he thinks oil exploration and production stocks may still be worth a look. Some of the stocks are trading as if oil is 50 a barrel whereas oil is at 65 right now, ... So even if oil prices were to fall back, that sub-sector would still be undervalued.
Ben Halliburton
Consumers are going to be in for an ugly winter, heating their homes and fueling their cars, ... As a result, consumer spending in other areas is going to change.
Ben Halliburton
I think now that that is digested, people are looking at some reasonable values our view is that crude oil prices are going to remain high.
Ben Halliburton
The biggest concern is how high the Fed will go with rates. That's clearly destabilizing the markets and causing choppiness.
Ben Halliburton
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