Oil price continued to motor in the dreaded May, up by c.7.5%. Whist history is not guide to the future, in addition fundamental analysis in supply and demand, I found this historical oil price charting facility very useful http://www.macrotrends.net/1369/crude-oil-price-history-char... and in particular, for researching on the oil price response after the major low point in Mar 86, Sep 88, Dec 93, Nov 98, Nov 01 & Jan 09; recovery in oil price lasted from at least one to 3 years! With information much more easily accessible nowadays through the internet, it's possible the current recovery could be time "compacted". Hopefully not too much! :-)
Generally where oil price goes, oil stocks will follow. There're always some exceptions. For the June 2016 “>20%” monthly oil stock competition, which oil stocks will have the greatest move for
(i) >20% gain?
(ii) >20% loss?
You may enter two stocks, one for (i) and one for (ii). More than one person may enter the same stock. The deadline for the June competition is midnight on Tuesday, 31 May 2016.
Good luck!!!
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My usual, Aminex (AEX), for the up please. First gas was 4th April and first payment must be getting very close now. Sooner or later this must start to rerate.
No down.
