Hi All,
Just read that the EU will be banning all oil from Russia by mid August this year 2022. The price of oil will be around $150-$200 a barrel by then. The 22 cents discount in tax by the Government wont mean much by then.
All oil stocks will start to go up then. Some stocks are still very cheap today but if you can pick the right one you will be laughing all the way to the bank. Another way is to spread out your stocks and invest what you can afford in a couple of oil stock while the share price is low.
BAS is still .002 WBE when it comes back on the market is .003 is just a couple of stocks that is still cheap. PCL has gone from .002 a couple of weeks ago to .008 yesterday, hopefully it will keep going up for all the long term investors.
So do your own research and find which oil stocks you will invest in. Good luck to all.
Regards Pirates.
Hi All,Just read that the EU will be banning all oil from Russia...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $178.8M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $16.73K | 783.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 13021011 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 4185327 | 1 |
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| Last trade - 15.43pm 05/07/2024 (20 minute delay) ? |
| PCL (ASX) Chart |