BHP should have held IO prices up ..Now OIL falls will add to...

  1. gonegassed
    13,783 Posts.
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    15/12/14
    13:19
    Post #: 14461971
    BHP should have held IO prices up ..Now OIL falls will add to their pain .
    Bad Karma for BHP ..as it feels the impact of Falling commodities from Oversupply..
    Stable commodities Prices ..is Paramount to Success not higher Production Volumes
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    So, what is the absolute lowest price oil can be produced for in the U.S.?
    Consider this—fracking last boomed in the U.S. back in the mid-1980s, when a barrel of oil fetched around $23.
    That is equivalent to around $50 a barrel today, when adjusted for inflation.
    That fracking boom went bust after prices fell to around $8 a barrel, which is worth around $18 in today’s money.
    With oil last week hitting $63 a barrel, it seems that prices have a lot more room to fall before things get really scary.

    http://fortune.com/2014/12/08/oil-prices-drop-impact/
    BCI Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
    BHP Price at posting: $28.01 Sentiment: None Disclosure: Not Held
    MGX Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
    RIO Price at posting: $52.75 Sentiment: None Disclosure: Not Held
    AGO Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
    FMG Price at posting: $2.43 Sentiment: Buy Disclosure: Held
    GRR Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
    AJM Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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