Excellent post, Red Baron. I read today that Iran is threatening Saudi Arabia of retaliation for killing one of its shi'ites with Israel indicating it is on standby to defend itself against Iranian militancy should the need arise. A gentle reminder of the instability of the middle east (dating back to the Old Testament, thousands of years ago) and how quickly oil prices can move north if tensions in the region escalate. The point being that despite talk of oil prices falling below $20/barrel, we can just as easily see prices spike back up to $60/70/barrel or higher due to increasing tensions in the middle east. It would make an acquisition in the short term even sweeter - buy a very cheap asset & then watch oil prices, and with it revenue and profitability, move north in a short time period.
FDM Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
