Oil and gas

The POO has been falling, with thanks to the Saudis.   It is the biggest producer with the biggest capacity.  It has come to realize that if you let POO rise high, while in the short term, you make more money, in the longer term, alternatives will develop and oil consumption will fall.

At the same time, so much shale gas (and oil) is extracted in the USA that the price of gas has fallen and the USA is not using as much imported oil.  Transferring gas is not economical, requiring liquefaction first.  But that will come. 

Hence all mineral and energy stocks are affected.  Most financial institutions are only interested in short term performance.  When everyone's worth is falling, it is not a disaster for my investments.  However, in the last 3 months, it has fallen more than average.  Like in the past, with catastrophe, my portfolio do badly but when markets turn, you can almost see daily rises.  I am there for the long term and with low debt ratio, I can afford to sit and watch (and buy), without the threat of bank wanting a margin call.

I still have FAR sitting on my radar...  East Africa has been very successful for quite a few company prospecting.