So because our thread has been hijacked by trolls yet again who actually add little to the content let's have a look at some of the big things that are coming up this week:
lets have a look at AKK and where the SP is likely to go over the next eight weeks.
Upcoming events:
1) 26-28 September - OPEC meeting - OPEC is to begin specific talks relating to oil production control measures. News from OPEC insiders are saying that although Algiers won't be the 'solve all' meeting - however It is going to set the ground work necessary for more formal talks in November. Accordingly, oil price including WTI may go up if Algiers talks are considered to be positive overall.
As I said last week - take a look at the ASX 200 over the last year (below). The US FED Rates meeting came back positive and no rate increased occured. Additionally bank of Japan meeting last week came back positive pushing the market up. The graph below is a week old but the upward swing in the hump is occuring right now. A positive OPEC meeting will add to that.
This will all assist AKK and their build up of their SP.
ASX200 20/9/16 - One year chart.
As i said previously - it is pretty obvious where the ASX is likely to go next if the impending world market oil news is positive. This will bring more buyers in assisting AKK.
More News:
2) Two weeks until AKK third drilling results -This will continue the upward push in the SP of AKK. This will obviously be largely bolstered if macro oil OPEC meeting results are positive.
3) First flow test results - Due in five weeks for Marco Polo! We already know Marco had some positives relating to a full column of oil. Strong flow rates will push AKK's SP high.
