Club Mulgoa

Monday, November 06, 2017

Oil

When the price of oil tumbled, I never sold off my major oil producers.  Because they are producers and because oil is still in demand.  And they pay consistent dividends out of profit.  The price came down because of silly OPEC game, trying to demolish shale oil producers in the USA.  But Australian oil producers are not part of that game.

And when price of oil goes up, it affects the gas producers positively.

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