DLS 0.00% 69.0¢ drillsearch energy limited

Good oil conference, page-5

  1. 2,614 Posts.
    Dont forget as the US dollar strengthens oil generally weakens as a price mechanism... Sometimes oil price is influenced mostly by the the usd...

    wtih the us recovery looking very strong expect some weakening trends in the POI....the good thing is its a bit of a natural hedge, given a stronger usd generally translates into a weaker aud and thus better pricing when our earnings are converted...

    right now we have china weakening, us strengthening and a pretty neutral POI other then currency adjustment...
 
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