I trust you all have a great summer holiday and getting ready to tackle the traditional volatile sessions in September/October. August was a good month for the oil price, moving from c. $40 (WTI) at the beginning of August to c. $47 toward the month end. Currently, the tropical storm that has entered into Gulf of Mexico is keepingthe market amused for a few days. Thereafter, the run up to the Opec informal meeting in late September could potentially give the market more to think about, but probably not as much as the case during the run up to the last Opec meeting on 2 June 2016.
For the September 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 September competition is midnight on Wednesday 31 August 2016.
Good luck!!!
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My standing order of Aminex for the 20% up please. It has been a cracking August for the shares, in spite of the pull back over the last few days, and now the immediate funding issues are resolved I expect September to continue the fight back towards my break even point!!
No down.
