The “stability for now, upside later” argument for crude oil prices appears to be holding true for now. Oil prices have done little to set any directional bias so far in 2009. But one thing FirstEnergy Capital analyst Martin King says he is sure of that his call for the bottom in oil prices around mid-December remains correct.
Is this as good of a call as Art Hogan`s Dow Bottom?
Martin King`s Bio
Vice President, Institutional Research, First Energy Capital
Mr. King has a Bachelor's and Master's Degrees in Economics from the University of Calgary. His work experience includes a role as Economist at the Bank of Canada in Ottawa from 1990 to 1993; Economist with the National Energy Board in Calgary from 1993 to 1997; and for more than 10 years has been at FirstEnergy Capital Corp. in Calgary, where in his present role, he is responsible for the analysis, modeling and price forecasts of the crude oil and natural gas markets.
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