"BTW, oil price is now close to $105 a barrel. It's not going down as expected by some posters here. There are no wars, no supply restrictions whatsoever. It's going up as the demand, or the consumption is going up. That's the fact ...(continues) NSE has very little risk."
latest news BTW
"The price of oil fell below $100 a barrel for the first time in three weeks Wednesday as reports showed U.S. economic growth stalled in the first quarter and oil supplies in the U.S. rose to record levels last week."
A 5% fall in a couple of weeks - just shows its a commodity and if production is not hedged and you are exposed to whatever pricing vagaries occur in the commodity.
Uncertainty by very definition implies risk(s) such as: - price risk - finance/capital risk - production risk - technological risk (as in further improvements)
Waiting for some of these risks to be mitigated with results that can be reproduced across the asset(s).
I guess the SP agrees??
NSE Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
