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3.92% 5.3¢ central petroleum limited

Venezuelan oil prices have just been raised by 32% as Venezuelan...

  1. conix
    4,030 Posts.
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    09/02/13
    13:33
    Post #: 11400056
    Venezuelan oil prices have just been raised by 32% as Venezuelan currency, the Bolivar, has been devalued by the president whilst on sick leave in Cuba.

    Venezuelan oil resources ARE THE LARGEST ON THE PLANET , but they are comprised mainly of VERY sticky heavy crudes that we do not produce in Australia.

    The impact economically on the rest of the world's producers is stil being judged. Conix
    CTP Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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