EGO 0.00% 12.0¢ empire oil & gas nl

Gartman Oil Bear market Oil worthless commodity, page-2

  1. 772 Posts.
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    There is one bright spot
    Normally about 600 billion is spent on oil search and infrastructure per year
    But due to the uncertainty only about 260 billion spent
    They say the normal growth will out strip supply which includes shale oil
    There is always the chance of a middle east scuffle
    Uranium is going thru a similar scenario .. low price .. Mines closing .. But in a few years new reactors to be turned on
    I have another oil share CVN
    It has discovered sh#t loads of oil and gas .. AND whoopy do .. The SP keeps falling .. Oil not the flavour of the month .. EGO suffers also because of it
    Nothing you can do about it
    Time . Patience
 
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