Thats tenuous even for you Sneidi !! - 'UK is fooked right now, US is one of best locations ' - I would relate that to the slow activity from HEYCO an Rathlin/Reabold being a big let down
"It is obviously good if the price of oil rises in terms of increasing profits...but there is not really any evidence of a correlation between the price of oil and the UJO share price..."
The point is totally valid, the UJO share price is not relative to the price of oil. A 5% rise in oil is just over $1000 a day additional gross income. The market does not reward that.
I talked to Egil and they will have a board meeting now Thursday and will after that make an announcement, that said it can be negative news but hopefully a positive