Its increase in the last month is consistent with the likes of WPL, STO and BPT, so I suspect this is general across the sector. If that is the case, it may be due to the increasing tensions in the Persian Gulf which have the potential to disrupt not just oil supply lines (and spot prices), but LNG supply as well (North/Pars Fields). Lots of stars aligning in the oil/gas space - alignment may be relatively fleeting but I expect there to be a short, savage oil price spike within the next year. Get in early and be ready to get out quickly.
mutineer
OSH Price at posting:
$8.00 Sentiment: None Disclosure: Held
