The smart money was buying oil future contracts in October 2017 for $80 per barrel for December 2018 delivery.
I based some of my buying of oil shares on this .
Now when December rolls round this year, Oil should be above $80 or the smart ones have lost .
I don't believe oil will be below $80 come December, and it just so happens that Oel has some prospective great results coming in and around this time .
I believe, that our share price grumbling will be a long ago memory by then.
IMO DYOR
The smart money was buying oil future contracts in October 2017...
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Last
1.3¢ |
Change
0.001(4.17%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $5.176K | 431.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8653268 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11208013 | 20 |
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| Last trade - 12.36pm 24/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |