a fair prophet

Just posted a similar comment on the NZO site and thought it ought to be here too. It certainly can be taken as true for PPP.

Received some advertising via the internet for Fat Prophets material and in their blurb material they made this comment:

"Oil Is STILL Almost Double Its Price Of Last Year

Despite that, we are firmly of the view that this is a correction within a longer term commodities bull market.

The falling oil price is featuring heavily in the news at the moment, down from close to US$150 a barrel just a few weeks ago to around US$120 a barrel. To put things a little into perspective, at US$120 a barrel the oil price is merely back to where it was a couple of months ago and still almost double the level it traded at last year!

It doesn't seem fair that the share prices of some of our specially selected smaller oil companies have been hammered in recent days, falling 10% or more."

Certainly PPP still rakes in the money even at a "lower" price this week but it is a lot higher than it was when TUI first started producing.