RE: Brent up, Ftse up. Oil shares down9 Oct 2019 13:08
Members,
The only thing to believe in is the numbers you see in front of you. Nobody will ever be able to explain exactly why PMO is still in the red when TLW is up 0.60%, with crude bounding back a bit. They are different stocks. Maybe PMO is still under a shorters attack. It doesn't matter, it just is what it is.
Taking a longer term view (not the hour by hour view), one would expect all oil companies to rise over time as oil rises, and vice versa. But just because TLW rises 100% over a year, doesn't mean that PMO should also rise by 100%. The fundamentals of each company are different regardless of the oil price. Tell me you understand that, please??