What is of concern to me as a holder of OSH,CVN,STO,SXY and WPL is the feel of the market and the oilers reaction to it. Brent at best levels since March yet oil stocks seem tied and giving much more weight to the ASX when looking for direction rather than poo. I agree with most analysts that oil heading for $50 bbl but are we going to get the full benefit of our risk , if there is no pop soon might as well just buy the ASX
SXY Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held