Here we go at long last, page-56

in my humble opinion - not to be confused with fact - what you saw last Thursday was pure algo drivel around option expiry and long holiday

ive watched markets for past 5+ years pretty closely - whenever you go into global 'day off' - gold price and stocks will pump - and always gives it back on resumption - and most commodity exposures jog on the spot - usually with algo driven absurd up and down moves

but this morning you;ve got US nixing iranian oil sales pumping up oil price - and both oils has already broken above key technicals

so now oil stocks are following - bpt, ato both breaking out this morning - ORG yet to do so because its weakest of the 3

highest debt/income ratio, highest $usoil break even operating price - thats why its been the worst of the 3 to be on to date

but - if oil price continues strong - ORG should outperform precisely because it is so highly leveraged

i dont get a strong sense that the actual oil/natural gas income weightings has any direct effect on asx energy stock performance - but i could be wrong