Oil Stocks: 3 Bold Predictions for 2018 [The Motley Fool]
ANADARKO PETROLEUM (APC)
Last anadarko petroleum earnings: 7/26 04:10 pm
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Source: The Motley Fool
After making good predictions in both of the past two years, this Fool is refining his approach in hopes of hitting a trifecta. Like many who follow and analyze the market, I like turning my analysis of current trends into predictions of what could happen in the future. In each of the past two years, I've outlined some rather bold predictions for the oil market. In both cases, I correctly called one trend, came close on a second call, and totally missed the third. What I learned from that review is that I got the macro trends right and came close to calling the price of oil but whiffed on my M&A guess. That's leading me to refine my approach this year by focusing on the macro and oil price trends that I've been most successful at predicting and forget about calling the next M&A deal. With that background, here are my three bold predictions for the oil market this year. Image source: Getty Images. OPEC gets hooked on higher high oil prices and decides to keep coo
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