We have all experienced oil price shift and at times unexplainable. I remember paying 0.50 cents a gallon in 1969 and today pay $ 9.10 /gallon here in NZ. So I feel the price will once again rally much higher and so do these people...
"Liam Halligan wrote in the Daily Telegraph this week that prices will recover faster, as investment cuts are ramped up to cope with the latest price crash. Elsewhere, The Times reports that the Wellcome Trust has substantially increased its investment in energy stocks such as Shell and BP as it "builds into what markets are doing" and takes advantage of perceived bargains ahead of an inevitable recovery. Reuters says that there is also a wider market bet gaining traction for prices to recover to between $50 and $80 in 2016, with derivatives that would pay out in this range climbing "steeply" in recent weeks."
SUR Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
