No opinion on Santos but saw just saw this..... dyor http://www.theage.com.au/business/s...nt-oil-price-broker-says-20150107-12jahi.html
No matter what the media stream fueled with bs news and anal-ysts says......The SHEEP will always fall all together..... when they go to the right..you go to the left...... I'm waiting for oil at $USD45 and follow what energy sources and what prices will do.... I think it could turn up as a very good trade and perhaps even better then the one I did not long ago..... FEAR is the most used tool nowdays..... in every industry, in everyway..... they capitalise on FEAR of others.... so why not capitalise too..... I'm waiting on the new window of opportunity....
Back to USD$48.13.... Well next week will be interesting... QUARTERLY EARNINGS on Energy stocks starts on Monday..... Even liquefied natural gas (LNG) are getting hammered and projects are stalling. We could easily see low to mid USD$40's(USD$40 - USD$45) coming in the next 10 days.... A "bottom" could be near after the bad news in earnings and projects..... will be watching closely how OZ oil/gas stocks will react...
Oil 47.04 -1.32 -2.73% Oil loses more ground as Goldman Sachs cuts outlook The Monday pullback came after some sharp cuts by Goldman Sachs to its oil-price projections. http://www.marketwatch.com/story/oi...sachs-cuts-outlook-2015-01-11?dist=beforebell
Saudi prince: $100-a-barrel oil 'never' again Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil again. The plunge in oil prices has been one of the biggest stories of the year. And while cheap gasoline is good for consumers, the negative impact of a 50% decline in oil has been wide and deep, especially for major oil producers such as Saudi Arabia and Russia. Even oil-producing Texas has felt a hit. The astute investor and prince of the Saudi royal family spoke to me exclusively last week as prices spiraled below $50 a barrel. http://www.usatoday.com/story/money...audi-prince-alwaleed-oil-100-barrel/21484911/ I don't believe one word this guy says......total balloney BS... unless they have discovered a new source of energy and will bring online....otherwise the volatility in oil will continue.... UP and DOWN....... Oil 46.97 -1.40 -2.89%
BHP Billiton Ltd. (BHP), the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40 percent as plunging petroleum prices add to concerns about lower iron ore earnings. Drilling and development spending on U.S. onshore oil and gas fell to $1.9 billion in the six months to Dec. 31 from $2.1 billion a year ago, the Melbourne-based company said today in a statement. BHP will cut the number of active rigs to 16 from 26 by July, it said. http://www.bloomberg.com/news/2015-...ending-as-oil-to-iron-ore-prices-decline.html
mmmmm..... oil prices are in "CONSOLIDATION MODE" now...... for over 8 days now..... it will resume run shortly.... the $$$'s question is... where it will go... Last time was 7 months downturn ..... this time we are at the 7th right now..... look at the MONTHLY midnight OIL's chart..... PLAY IT SAFE.... you will make PLENTY MORE.......
Something quite interesting could happen in a very near future...... I would NOT touch any oil investments .... it could be quite disappointing.... cheers
