I suspect that you both are singing from the same hymn sheet - just talking different time frames. In the short term (2016), IMO, oil is under pricing pressure - but on a longer timeframe - the low POO will drive out expensive producers and drive shorter well life as the cost of extracting the last ~30% is greater than the POO. So, IMO, sprooker7 will probably make money on his short and szaba will make money on the LT.
Personally, I want to top up on WPL - but am happy to wait - I see no hurry.
HT1
WPL now a short IMO, page-14
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Last
$27.14 |
Change
0.200(0.74%) |
Mkt cap ! $51.53B | |||
| Open | High | Low | Value | Volume |
| $27.08 | $27.33 | $27.05 | $74.94M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | $27.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.17 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |