MAY 4.65% 4.1¢ melbana energy limited

AP We Need a 2nd Drill Rig for Block 9 ASAP, page-122

  1. 362 Posts.
    lightbulb Created with Sketch. 162
    So because someone disagrees with you they must be a troll.....

    Lets just take a quick look at the actual figures for the past two weeks shall we??

    DateWTI CrudeMAY Share
    1
    Price ChangePrice Change
    2


    35/12/20225.10%-6.25%
    45/11/20222.94%-4%
    55/10/2022-2.90%0%
    65/09/2022-7.12%0%
    75/06/20220.97%-4.76%
    85/05/20220.63%25%
    95/04/20224.00%1.20%
    105/03/2022-2.61%0%
    115/02/20221.11%-6.74%
    1204/29/2022-0.46%1.14%
    1304/28/20223.08%-20%

    There is absolutely NO correlation between the increase or decrease in the price of WTI and the movement of the MAY SP, in fact on more than 50% of the days in the past fortnight. the MAY share price has done the exact opposite of the WTI.

    While I stand by my statement that "Movements in the oil price have absolutely ZERO effect on the
    current SP of MAY.", I admit that statistically MAY is more likely to do the exact of any movement in the WTI.

    I can see absolutely no indication that an increase in the WTI price will equate to an increase in MAY's SP as originally pumped and then doubled down upon by Tradingstocks.

 
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