They all dance, US, Saudi, Russia, China, Middle-East and the rest.
All commodities, including oil, cop the cycles and blunt trauma from world politics.
How important is oil ?
Apparently it will be worth “ half a hundred weight of cockle shells”, in 3 odd years!!
How much does cockle shells go for, I hear you ask.
About $132.50 a tonne
I’m happy to hold onto my shares in a small company with “ issues “, all junior type companies have the potential to implode but most don’t have a nice little wedge of a half decent chunk of oil.
Will it be enough?
Is it a small fraction of what the Co. may have in the future?
Will Funding & Capital Raises wipe out most of the potential profits?
Will it get taken out, before long term holders see a decent appreciation in SP?
Will POO skyrocket and drag the SP inline with optermistic guesses ( to the anguish of the less enthusiastic)?
Does it all go “ breasts up” and the SP visits the sub 0.002c ?
I won’t blame Donald, he has a lead role on the Snow White Production but he’s only one of the dancers, in a cast of thousands.
It may possibly be a Royal Bolshoi production, a China Dance Academy production or one of the European dance houses productions, who will really know for sure?
The underlying valuation of the oil, Far holds is something that we can only guess at ( okay we know what it should be worth, roughly, on today’s prices) but the value/profit can never be set in stone.
We all have to take a punt/gamble on what this particular commodity will be worth, over a 5-10-25 year period ( if we are looking long-term).
That’s a lotta dancing we have to watch
PS Apologies to those, who have rather more short-term view of investing.
I understand that my plan is as stupid as you fine people, could imagine!
(20min delay)