AOK 0.00% 0.3¢ australian oil company limited.

chart, page-20

  1. 7,365 Posts.
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    It is always good to hear your comments, binbin. The oil price did come down from a high of $107 to a recent low of $91.5 per barrel. Likewise the Aussie $ has retreated from about $1.07 to 97c. Whilst the oil price has come down quite a bit, this has to some extend been absorbed by a lower Australian $. Nevertheless if AOK is on schedule with its programme,the SP is likely to travel north, IMO as production is in place and an increase production will see the cash flow of AOK turning positive and the company turning profitable, binbin.Normally oil company does have a very profitable margin. At this level, oil price looks lucrative compared to what it was previously, I believe.
 
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