Thought i'd start a POO fundamentals thread.
There seems to be a lot of confusion surrounding the impact of harvey and now potentially Irma on POO.. the most obvious effect is the widening spread (not gap!!) between brent and wti which is fairly easy to understand.
IEA report of increase in US inventories seems to have had little impact on price apart from brent / wti spread increasing.
Finally the elephant in the room.. AUDUSD.. currently poking above 80c.. USD continues to weaken against most currencies..
A couple of interesting, concise articles:-
https://www.google.com.au/amp/s/www...es-on-time-to-recovery-for-gulf-refiners.html
https://www.google.com.au/amp/www.m...ory/guid/E8D4E000-93B7-11E7-9FD8-05220BAFA418
PIOTRVIP
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1.8¢ |
Change
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Mkt cap ! $15.91M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2612242 | 1.8¢ |
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|---|---|---|
| 1.9¢ | 521500 | 2 |
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