Three weeks until boom time?

So 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. May not be the 'price freeze' people are looking for but it will be strong enough to bolster oil prices. Remember the alternative for OPEC oil producers which is to maintain the status quo (do nothing) will mean a full oil price collapse. An oil price collapse could quite easily extend to a general world market strong downturn especially when considering where it is currently precariously positioned. Interestingly - take a look at the ASX 200 over the last year (below). I believe the impending OPEC meeting may surprise the market - i.e. an announcement that OPEC will take on the production glut and this will lead to a big upswing (the next hump leg) in the ASX 200.  

ASX200 20/9/16 - One year chart.

Pretty obvious where the ASX is likely to go next with the impending world market oil news if it is positive.

News extracts about global oil and the relationship to world/Australian markets:

"Oil futures tiptoed higher Monday, finding support after Venezuela said a deal to stabilize the global oil supply is imminent between nations inside and outside the Organization of the Petroleum Exporting Countries."

"OPEC members are still scheduled to have informal talks in September, the last day of the International Energy Forum, a petroleum-industry conference in Algiers. Mr. Barkindo said OPEC would try to reach a consensus on Action in Algiers and then could call an emergency meeting to make an actual decision if all members agree."

"The FTSE 100 closed up 103.27 points at 6813.55 as commodity stocks gained on the back of a firmer oil price and a weaker dollar.
Talk of an Opec meeting - including non-member Russia - to discuss an production freeze pushed the markets upward."
You have to remember too - Saudi Arabia is on the verge of economic bankruptcy if $45 oil continues (2019). Also, Saudi Arabia is trying to privatise their oil - a low oil price does not support such a goal.  

2) Three 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 six 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.  

4) Second flow test results - 9 weeks away.

5) Third flow test results - 12 weeks away.

Some pretty positive stuff happening here for AKK!