RE:OBE Still $1.05usd Pre-RSOnce oil resumes its move upwards OBE will move higher
In the meantime the share buyback will put a floor in the share price
Oil has been in the 70-80 zone for 3 ish months now
We are now in the post Covid world. People are returning to what they were doing before we'd heard the word Covid
The energy crisis was put on hold by covid
It's now common knowledge that Covid was man made in China. It follows the Chinese knew more about its risks than others Apparently they were waiting to see what it did in the rest of the World before lowering their guard
Now that the Chinese have given the all clear to their people, we can be confident it's over
Demand for oil can only increase as activity returns to normal
With that, oil will break out of its recent range and OBE will go with it, revealing the benefit of its high gearing to change in oil price
Cant say when. Can say what