what will today hold dow was belted

For those that couldnt watch the rollercoaster that is the Dow it looked positive early being 200pts up then slowly fell until the last hour where it lost (at the time of me writing this) almost 500pts.

How does this impact NDO now we have oil flowing?

The good news is, if you can call it good news, the AUS$ is falling to the US$ which means as the price of oil, which has also dropped to (at the time of writing) $84.70, is helping Nido due to the oil that is now flowing will be sold off in US$, hence a favourable conversion to AUS$ leading to increased profits.

Basically even if oil dropped to US$50 a barrel and the aussie dollar stayed at least around 0.68c to the USD NDO still stands to make over AUS$300k per day. Assuming oil sticks at around US$80 NDO will make AUS$479k per day.

Basically even with all the noise out in the economy we are still sitting quite nicely.