Bang on the money there.
This is interesting
https://oilprice.com/Energy/Oil-Prices/Chinese-Hedge-Funds-Are-Betting-Big-On-An-Oil-Price-Recovery.html
I noticed Santos still has it's 3 billion dollar debt and 1.8 billion cash reserve and no issues about it!
This old timer can't get his head around the mentality of this free money.
Santos (South Australia Northern Territory Oil Search) are growing to become an iconic Australian company and gas is definitely the future of electricity generation, so I am going to lock this one in the bottom draw.
Long Term Future of Santos, page-70
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