Oil Prices Will Hit $150 by the End of 2017, Says Real Money’s Dan Dicker

Real Money contributor Dan Dicker says oil prices will hit $150 a barrel by the end of 2017. Dicker takes issue with this week's report by the International Energy Agency that projected oil prices will only rebound to $80 a barrel by 2020. Dicker said the IEA has a horrible record when it comes to making price projections, and if the IEA were correct, many E&P companies would go out of business. Dicker added that countries that rely on oil revenues would also have a problem. While Dicker sees an oil boom ahead, he said between now and then, some E&P companies will consolidate or sell assets. Dicker said Cimarex (XEC), EOG (EOG), Hess (HES) and Anadarko (APC) are among the stocks that will be winners in the current oil bust-to-boom price cycle.