The TXP Advantage in a Declining World Oil & Gas $cenario Lurk & Lurns:
While the world price of oil presents differently to the other a$tute investors, when we review the recent opinions of some seasoned ADVFN boardmisters, the Touchstone Advantage still remains improved profitability below the punative cap on the price of oil and a FIXED price for the gas contract:
Oil below 75 would be fine for us. Not that we are producing much of it yet anyway but appreciate oil down might cause some people to think of selling. |
As we get discounted price to Brent, I imagine we’re already below the $75 level.
Brent now down 176 cents, I can’t see contagion on the banks, but then it’s solely up to what the masses do if they start panicking and initiate a broad run on the banks.
Hindsight is wonderful, glad we have fixed gas prices to insulate us. |
GLTAL GLAP Caveat Emptor
Cheers
Stanley