I don't short oil stks per say as it is impossible to forecast...

I don't short oil stks per say as it is impossible to forecast the price of crude. $30 - 130 during the next 24 months is my best guess. BHP has fallen so much that I'm reluctant to consider shorting it. RIO is IO and Cu and i am bearish re both. ButRIO has best IO grade and highly efficient. My pick to short in this sector is FMG. It has lower grade and gets 10-15% less/ton, has high moisture content costing it another 3-4%, has plenty overburden before reaching the IO etc. Plus FMG has had a very good run recently. its still cum a 12c div so bear that in mind. But if IOP tanks and i feel its a 60% probability by Christmas then FMG SP will take a hammering.

But for me the best short on ASX remains WOR. I'll explain my rationale on a new thread and show why i feel M.Star's new IV this morning of $4.00 is still too high for a firm trapped in a collapsing macro.