what is best oiler on ASX?, page-25

Hi Guys,

Just following on from my previous post. I have just read an analysis from John Mauldin's publishing house (he is a Texan and knows about oil) that talks about shale in the States.

Excerpt from his (freely available) weekly letter:



So, my thoughts are that with the potential for RISING supply in the US at least for the next few - several months there is no need to rush in to catch the falling knife yet. Whilst POO has bounced from massively oversold levels overnight this is possibly a dead cat bounce:



The Saudi's have a plan and that plan is nowhere near completion. Sticking to the quality oiler's or (IMO) better yet sitting on the sidelines waiting for better buying opportunities is a good course of action.

Cheers
John