ORG 2.66% $9.53 origin energy limited

POO must have either bottomed or be close to bottom now b4 its...

  1. 34,970 Posts.
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    POO must have either bottomed or be close to bottom now b4 its inexorable rise to $100 given Janet's comments yesterday.

    The Federal Reserve's decision and commentary that risks were no longer balanced, growth has slowed and that it is "closely monitoring global economic and financial developments" means IMHO FED interest rate rises r no longer viable and Yellen recognizes that. USD will stay lower, AUD higher, NZD higher and China growth rate will pick up as PBOC will stimulate as long as Xi remains PRC President IMHO but pls DYOR.

    Macroeconomic outlook in the western world, China, India, Western Europe including England, Australia and NZ is overwhelmingly positive for an upstreamer such as ORG, the downstream business may be useful too against AGL.

    Yellen's commentary probably spells that we r close to the end of the bottom in resources IMHO but pls DYOR.
 
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