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Crude Oil

We have to go to back until 2014 to see brent crude trading around todays levels yet the Australian oil stocks cannot even break above their June high!

  • Its pure guesswork to know when OPEC for example will start releasing more oil and stop the acceleration higher of oil prices, or even if they have the capability these days of doping it as Michael Clark highlighted in the webinar.
  • However we know as ethical investing has come into vogue many fund managers are underweight the sector opening the way for a FOMO pop in associated stocks – “Fear of missing out”.
  • The risk / reward favours maintaining a bullish stance towards the Energy Sector, we will reconsider our STO position if it rallies another 8-10% higher.
STO
MM remains long and bullish STO
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Brent Crude ($US/barrel)
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