AKK (ASX) Three weeks until boom time?

AKK austin exploration limited

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603 Posts.

21/09/16

11:53

Post #: 19309847
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Originally posted by bruutz82 ↑

We are going to see a big and violent shift in the oil price IMO. It will go down fast if OPEC do nothing - it will go up quickly if OPEC want to initiate the changes required to move oil prices up.

A bit of a crash in oil prices prior to the OPEC meeting may just give OPEC the motivation required to assist them in making the correct decision.

IMO - Oil searchers going for 'cheaper' oil exploration opportunities is simply out of need to build redundancy in prices. Although prices won't likely get to the $100 per barrel again - I believe a quick and solid movement to the $60+ area is completely plausible post OPEC agreement.

At $60 per barrel that means AKK is in a major money zone - and OPEC don't need to squabble about squeezing out that extra 30% in production and then having the problem of finding a place for the oil somewhere to maintain current profitability. It also stops the economic bankruptcies of Saudi Arabia, Iran, Iraq and Venezuela over the next two years.

A certain poster who thinks he knows everything however he knows NOTHING will soon shoot this thread and opinions to pieces.....wait for it !

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AKK Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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