Oil Stocks

[Wysiwyg]

Meaningful percentage of interest in exploration and production!!

Small interests in oil/gas e/p are a market turn off.The market likes to see meaningful interests, sizable reserves and sizable rates of barrels flowing per day.5 to 20 % seems to be the percentage that gets the `hmmff`, so what.Even the companies that have many a finger in pies (but small %interests)don`t cut it in the market.
The 20 well drill program sounds great but with only a 5 to 20 % interest the companies just don`t attract interest.

 

[Sean K]

These 2 charts look fairly similar.

Must be in line with POO and/or the general market perhaps. Must check.

Both bouncing off long term support.

Will that hold...

 

[Garpal Gumnut]

Thanks @Sean K, and excuse the delay in replying, and @Student of Gann whose Gann analysis from another thread I link below.

Crude Oil update

There are two scenarios that could prevail so I have presented two price Curves to cover both outcomes - If we continue to drop into the 28th June we could potentially be Low -/+1 on this date so that is the first scenario that could prevail and as the 28th is only a few days away it would be...

www.aussiestockforums.com

While the price of oil may decline it will on fundamentals stay above its recent averages for a number of years. I go only on my experiences in the 70's.

I am cognisant also that the Saudis have been extremely couth and well mannered for a change in their manipulations of the market. The loss of a kingdom to some religious nutter or a Prince's life falling off his bicycle could change the ME Oil Production in an instant.

So volatility abounds and those new to ASF may be wondering whether now is the time to dabble in our large oil companies in production on the ASX and also the smaller grubs on the ASX hauling equipment about the country with employees more interested in being on their jet skis with Covid than going to work.

So I would be interested in keeping this thread to OIL STOCKS ON THE ASX rather than the price of oil, remembering of course that individual stocks with their own threads will merit entries peculiar to that stock.

gg