pondering ‘what if’ lower oil prices

September 5, 2024 Leave a comment

A call that I’m not hearing much about it for lower #oil prices.

My historical posts have called for WTI Crude to around an initial visit to $64, and failing that $46-$48.

I think the probability for the latter is gaining.

Today, WTI Crude is $69.40.

A $46 price in WTI #Crude correlate with lower Nat Gas prices and the share prices of related petro/hydro chemical companies.

As an example, that may translate to seeing the trading of stock prices in companies such as #Woodside (WDS.AX) at A$19, #BP at 333p and #Occidental (OXY.N) <US$38.

September 5, 2024

by Rob Zdravevski

rob@karriasset.com.au

Filed under Finance & Investment Tagged with , , , , , ,

Knowing when you’re pushing oil barrels uphill

October 6, 2023 Leave a comment

The study below shows the percentage that the WTI Crude Oil price was trading above its 200 week moving average.

When combined with my other studies and metrics, (albeit I couldn’t predict this week’s 10% decline) the probability of the oil price embarking on an extended advance was waning.

More so (subjectively observed), when the financial media noise increased surrounding the various analysts saying $100 was inevitable.

This coincides with my note written 2 weeks earlier.

Selected Oil stocks are full

The high was $95, it is now $82, may see you at $73.10.

Better yet, we may see much cheaper shares in energy companies.

October 6, 2023

by Rob Zdravevski

rob@karriasset.com.au

Filed under Finance & Investment Tagged with , , , , , , , ,