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

OOO

Click for more information

2.81%

$19.36 betashares crude oil index etf-currency hedged (synthetic)

I told you buying 000 with WTI at $76 is far too early, its now...

First 8 Last

Share
Profile

Follow
pete11

6,881 Posts.

97

28/11/14

19:26

Post #: 14374980
Share

Originally posted by punter111 ↑

I bought into ooo .

I think wti at $76 is cheap. Very little investment will occur anywhere at that price, and so the price has to rise eventually. There is no way the US will allow Saudi Arabia (lowest break even oil price) to flood it with cheap oil - thus decimating the new home US oil business. With a Republican senate, an energy plan will happen, XL pipeline, exports and possibly an energy security deal with Mexico.

ooo is not perfect, but should provide some profit on a price rebound.

Expand

I told you buying 000 with WTI at $76 is far too early, its now below $68 after a 5% drop and its looking to fall further, even a goldman sachs ANALyst said WTI could fall to $40 before the sharp slide is over,

OOO Price at posting: $37.12 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

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

BME

Working to build a viable uranium resource in Senegal

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper highlights From the Floor: RIU Uranium Investment Day

There are more pages in this discussion • 106 more messages in this thread...

First 8 Last

Add OOO (ASX) to my watchlist