SXY
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0.00% $4.60 senex energy limited

Oil on the rise

  1. pac5705
    614 Posts.
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    27/10/17
    09:26
    Post #: 28242012
    The AFR is reporting this morning that the Saudi Prince supports the OPEC cuts pushing the poo higher. In addition the AUD seems to be losing steam against the USD and is just holding 0.77 cents down from the 0.80 cents we’ve seen lately.

    All very positive signs for SXY as she brings online gas and increases oil production. This also bodes well for the rest of the Australian E&P market in general.

    Only good things ahead.

    Just my two cents ...
    Last edited by pac5705: 27/10/17
    SXY Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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