RE: Bullish Oil Price1 Apr 2024 17:59
We started the decline in the Sp back in early January when the oil price was around $78, the Sp went all the way down to where we found ourselves at Suspension, since then we have had quite a rally on Oil price to the current price near to $88,
JSE will be accumulating a very large amount of cash, which will pay down debt very quickly, The Sp will probably bounce by at least by 10p over a very short time , imo if we continue to see the oil price stay around $85,+ however most of the Analysts ive been looking at ,see a strong run into the summer months , Opec have been cutting back and they too want to see $90 oil,
The High Oil price might just be the turning point for the BOD to make a bold bid for the 28.000 Bpd reverse takeover , how they finance it though is beyond my pay grade, Large RBL ay be the way, if supported by the banks??or possibly some kind of Bond?,
with the good oil prices we are currently witnessing, a bold bid might just see JSE emerge a very strong Mid Cap player,
50.000 Bpd Company with huge earnings capability, ????