I think there might be one more dip in the POO, possibly around March when Iran crank it up, but then the market will absorb that. The demand will be helped by the already 500 K shale projects which have been shelved in the US and with a further 500 K to come off in the next 6 -8 months coupled with the emergency OPEC meeting outcome, we should see a 5 handle before end of the year.
The Canning can be likened to the universe imo, surely there is more than one galaxy out there, at least possibly 2!
So spot on CEO/Cujo - the law of averages alone bears that out.
Payday not far for the 'Bru Believers'.
BRU chart before imminent oil discovery, page-17
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7.9¢ |
Change
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Mkt cap ! $53.03M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | 8.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 64473 | 2 |
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| BRU (ASX) Chart |
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