Looks familiar you may think? well, you're wrong! It's the price from January 2012 to August 2012, No testing on any marine engine had been carried out. The low point is 4.6p and the high is at 12.12p. Again, like this time there was no adverse news that caused the slide, just the market.
Just really to say that some of us have been here before, and worse so, and I'm sure we will be again, the fundamentals are unchanged and progress is being made which is why most of us aren't panicking.
Haven't you all been busy this morning/afternoon, did I miss something, yes is the answer I brought on Thursday last week, and should have waited like my clever cousin did and buy today !!!!! Well done bagsey you are beginning to get the hang of this company. No way will oil stay low, but dead cats don't always bounce very high, unless on a trampoline. News will come just like Santa.
Agree about the oil price; if there is a situation of oversupply, that too can disappear very quickly. Look at Libya, for example; it has just declared force majeure on its two main oil ports, so removing one oil source. And, once the loaded tankers that are tootling round waiting for a price have been emptied, then things should stabilize. Depends at the moment who blinks first.
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