ATS 10.0% 0.9¢ australis oil & gas limited

Ann: Oil Price Hedge Position Update, page-60

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  1. 236 Posts.
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    Funny... I've had the boot on the other foot.... and more than you'll possible ever feel! Have some resilience man, or you need to play somewhere else I think. It was plainly obvious that there was going to be an oil downturn again at some point, just look at the politics over the past 18 months. Yes, the virus has helped that (a bit), but frankly the oil issue is an entirely seperate one. I expect that oil is potentially below $60 for 2-3 years, maybe more. I'm putting a sell on ATS at about 12-15 cents as I think that's its ceiling. I say that because the oil economy is changing permanently now. Look at the pending and now confirmed rules relating to vehicles in Europe and the overall global change fem FF's. Oil's day are numbered. "Greed is good greed is right.. Greed works" remember something like that from Wall Street. In amongst all that, please go and sponsor a bunch of less fortunate kids too... I enjoy that even more.

    Cheers!
 
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