Australia's largest stock trading and investment forum Australia's #1 stock forum

DLS

Click for more information

0.00%

69.0¢ drillsearch energy limited

That's not my understanding - a higher USD is bad for most/all...

First 95 Last

Share
Profile

Follow
Pbnewby

6,872 Posts.

16

29/09/15

09:15

Post #: 16077516
Share

Originally posted by tanon ↑

This is almost common knowledge now from a Forbes article on line http://www.forbes.com/sites/jamesconca/2015/07/22/u-s-winning-oil-war-against-saudi-arabia/ that displays publish date as Jul 22, 2015, and I take it as a target for oil of $70. So much for peak oil.
Saudi Arabia – $21/bbl
Middle East – $24/bbl
Russia – $26/bbl
Mexico – $42/bbl
S.America/Europe/Eurasia/Africa – $56/bbl
North America – $60/bbl
Gulf Deep Water – $70/bbl
Canada tar sands – $82/bbl
other unconventionals – $100/bbl
Like AU gold producers DLS and BPT need a good recovery in the US => higher US interest rates and higher US $. This is likely but timing is the question - could still be a couple of years away and holding in the mean time means you are losing money.
Like HLL I couldn't see why the AU market went up so strongly yesterday. Interesting to see if DLS goes lower today or holds. I am late to this party (or wake?) and can buy more if it is cheaper still.

Expand

That's not my understanding - a higher USD is bad for most/all commodities and a higher USD is what we'll get with them increasing interest rates - though we here will get a higher return on the AUD/USD so it may just iron itself out - neither bad nor good..

DLS Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 87 more messages in this thread...

First 95 Last

Add DLS (ASX) to my watchlist

SPONSORED BY