yes, very hard to pick the bottom, but a lot of damage so far. I am freeing up more cash as I do see this as a huge opportunity and very fear based/ oversold already.
The big thing people are missing (in general) is just looking at the headline POO, as we are now getting more than 20% premium to the USD down at 83c.
My bullishness for the trades of the decade coming in oil right now is a double wammy when oil reverses, and the AUD continues lower.
Sticking to Oz oil producers with gas upside, BPT, SXY, DLS.
from experience, these stocks might need 75-90 days to form a bottom.
SXY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Not Held
