Oil has jumped $3.50 at one point last night to be $94.10 / bbl. If the oil price breaks through $100.00, we are on.
If you reckon OIL is going down due to the slowing global economy, ah ah, no chance. Only 18 months ago every analyst on a global scale confirmed 'peal oil'.
Heard of any new large 'Elephants' being discovered in the last 10 years, nope.
Do not go into the next 12 months 'short' oil and gas equities, ASX Oil and Gas companies (Top Tier to Mid tier) are the cheapest sector in our market. Reporting (half year) ends next week. Watch the incease in Revenues.....
Oh, noticed the mergers starting (ARC / AZA - outbid by NXS AZA, Gawler/Elixer) Classic and traditional signal things are going up.
This puppy will be 63 cents bid on Monday close.
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