Australia's largest stock trading and investment forum Australia's #1 stock forum

Allan Gray eying oil and iron stocks, page-6

First 6 Last

Share
Profile

Follow
grandcaruso

2,317 Posts.

29/01/15

07:22

Post #: 14656583
Share

Originally posted by kpkg ↑

True , and there is an expert opinion to suit whatever stance you have on oil at the minute!
Speaking in generalities......
Fact is the over production of oil is quite minimal and certainly hasn't warranted the significant slide that has eventuated. Now with investment and future production being axed across many projects it doesn't take a rocket scientist to work out what happens next.
What's probably more relative is the large investment houses playing catch up in the last few months finally revising all their forecasts. Running at least 6 months behind any move it's probably fair to say now they are calling it to fall further - it will turn the corner and rise. Sometimes it seems they really only reflect public opinion and say what you want to hear so you will invest with them. Their opinions seem to line up with when the Taxi driver starts talking about the oil price going down further......no offence to any Taxi drivers intended.

Expand

Oil ( and I'm talking WTI ) is right at the bottom of it's recently established trading range . If it doesn't rebound shortly looks like new and lower range with be established. Say $46-$42, just a guess.
Upvote

Reply

Top Stories

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

There are more pages in this discussion • 30 more messages in this thread...

First 6 Last

SPONSORED BY