We are going to see a big and violent shift in the oil price IMO. It will go down fast if OPEC do nothing - it will go up quickly if OPEC want to initiate the changes required to move oil prices up.
A bit of a crash in oil prices prior to the OPEC meeting may just give OPEC the motivation required to assist them in making the correct decision.
IMO - Oil searchers going for 'cheaper' oil exploration opportunities is simply out of need to build redundancy in prices. Although prices won't likely get to the $100 per barrel again - I believe a quick and solid movement to the $60+ area is completely plausible post OPEC agreement.
At $60 per barrel that means AKK is in a major money zone - and OPEC don't need to squabble about squeezing out that extra 30% in production and then having the problem of finding a place for the oil somewhere to maintain current profitability. It also stops the economic bankruptcies of Saudi Arabia, Iran, Iraq and Venezuela over the next two years.
- Forums
- ASX - By Stock
- AKK
- Three weeks until boom time?
Three weeks until boom time?, page-4
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online