Hi Everyone, finally stars are aligning. My quick views.
1. OPEC+ Are close to max output. My view is within 6 months we will start seeing headlines about “no more supply”, some opec countries are struggling with production targets. This is one reason they didn’t deviate from 400k extra per month. I believe oil will be above 100 soon, and much higher once the market realises demand > supply.
2. Still chance for a slice of a field - Atlanta field (30%) was mentioned and would provide another source of passive income. do some research- seller is Enuata
3. We are the only pure oil play in the ASX and this is another key reason why we will get inflows.
My view is that this is only the start of the energy crisis and frankly Saudi/Russia are going to make the western world pay for the transition away from gas/oil. But to do that they need oil much higher.
Goodluck everyone
PB
Quick update
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$1.83 |
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| Open | High | Low | Value | Volume |
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