https://www.newshub.co.nz/home/money...r-aa-says.html
Drop in oil prices is a warning sign for other overvalued assets.
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https://www.newshub.co.nz/home/money...r-aa-says.html
Drop in oil prices is a warning sign for other overvalued assets.
I agree and have shifted some funds into a couple of undervalued COAL stocks ..if the Northern Winter stays colder for longer
I think O&G could stay low till early-mid next year...but at some point, the lack of investment over the last many years is going hit hard when the economies demands for the liquid energies rise once again ..
Interesting that Woodside & Santos reported in past week to have had discussions on possible merger
& Santos making noises about review & releasing value within it's camp.
Ended up being a pretty good trade to finish the year. Flipped it at $81.40 to short & now out. Might see short covering into the end of year so may re-establish short in Brent.