It is interesting to note that the US dollar against a basket of currencies is actually quite strong at the moment. Of course if this dropped oil would go up. The only way the US dollar does not drop is if the confidence in Trump's administration to unleash the American economy goes into overdrive - but then that would almost certainly increase demand on oil as well. OPEC clearly need a higher oil price (some members desperately) but they will also be wary of opening the door to shale again.… Read More
Looks like people are selling now we have gone ex div. Perhaps a slight overdoing of the selling though. My guess is that the share price will ease back. Doubt we will be buying at this price when dividend is actually paid!
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