Bountyman, he's sort of got that covered, he said he added another tranche of Friday... so some averaging down going on. Odd though he didn't post his oil analysis on the LGO board, do they not produce any these days? I know Mange don't produce much at the moment.
You are overlooking so many other factors such as: Geopolitical interest, government interest, regional interest speculation, control, power, aigned producers, non-aligned producers, offer/demand, global economical growth (or downturn), new players/producers, Currency fluctuations, Currency "war", new extraction Technics and costs.
"So what's the expectation? this year probably at 50USD. around 2017 probably at 70USD. The likelihood it goes above that is low, so expecting it to be above 100 as in the past isn't very likely. But again, who was expecting that it would drop as it did in 2015? One world event, or circumstances and it all goes upside down."
Ivo Vegter - columnist and author, living and working in South Africa.
OilSpill , you said last night you were in at .19, and given that you posted your bullish LGO chart on the LGO board just before the RNS, wnen the LGO SP was indded at 18/19 then we can safely assume you are indeed in at around .19
That's why we asked OilSpill, so you can't tell porkies later on.
And please do let us know as soon as you average down.
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