RE: Waiting15 Oct 2024 14:46
Hopefully we get an update this week, I imagine it’ll be on Thursday looking at previous years.
With a positive update and hopefully a de escalation in the Israel War I could see the SP rising to 600p+ up to December.
The war has created a bit of spike in oil prices recently but overall I can only see it going down further, lots of competition for the Saudis now and with Kazakhstan, Russia, Iraq not complying with OPEC, there will end up being an abundance of oil, especially with demand in China being lower than expectations.
All of these factors should help us and I’d be amazed if we saw 420p again but I could very well be proven wrong. It’ll be interesting to see the budget later this month as well.
Stumpy, I do overall find your posts detailed and interesting, it’s just I feel like the ones were you state it’s going to go to a low price after selling, then not waiting to buy back in at that price is contradicting.