Sorry Barpal, read but forgot to reply.
Ole Olive Oyle and Uncle Gas will be on the up.
Haha, was only just looking at Olyve Oyl pictures the other day re Cobram business.
I didn't pop a eye over it though!
Not bullish on oil at the immediate present garps, based on short term occurrences.
Whilst I am for a medium term period, in current climate one needs to be careful where and when they enter, in general only, so as to achieve a profit from a trade or investment.
Nothing specific in that for Carnarvon though, just general or overall.
Not seeing anything particularly that catches my eye in the chart and no idea on funnymentals.
Had mentioned in POO thread about factors, or rather indicators, I considered pertinent to the oil price.
Another indicator not mentioned that should be considered (imo) is the US Government's willingness to put pressure on, to keep a lid on the poo.
I'm really just trying to keep tabs on the point where worldwide demand is really outstripping supply again.
Delta covid has put a dampener on this previously considered outcome, and I'm coming to the realisation, that demand may never get to a decently over stripping supply scenario that will move the poo uphill far enough.
It was a cliff last year, but supply/ demand are appearing fairly well yoked and travelling together for the time being.
Having said that, I do believe the poo will have one last hurrah before it gradually succumbs to world EV/ lithium greener energies forces, most probably in the next 12 months, give or take.
As for gas, I don't know, haven't been eating much brassica lately...?
Edit; STO results out,
0.055 USD divvy on SP of $6.21