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1.76% 8.7¢ buru energy limited

Oil funnymentals, page-11

  1. CEOChair
    27,018 Posts.
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    09/09/17
    08:17
    Post #: 27102663
    Yep. (But equally it could touch the top of the channel too!)
    Two things going on to create this up channel - 1) supply/demand rebalance, as engineered by the Saud price cartel 2) US$ weakness
    So what interests Oz oil producers (like us !) is for 1) to continue as it should as global demand increases while US shalers production curve falls off cliff even when 2) stabilises or reverses (which might mess US POO chart up, but not A$ POO)
    And for your RAF trousers clip last night
    Last edited by CEOChair: 09/09/17
    BRU Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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