Post by
DeanEdmonton on Oct 11, 2021 11:01am
Ensing and TRP both Up on U.S. Markets
Oil is now over 81 a barrel and still climbing and Gas is staying strong. This is helpoing the share price on a lot of oil and gas related stocks. Should be a good winter to be holding these kinds of shares. Many happy returns to Europe for their renewable energy, and many parts of the states with the same plan. Just for interest sake, South Africa is going back to diesel fired trains becasue the rampant theft of the electric cables means they can't run electric. Interesting how poorly thought through so many Green initiatives are.
Comment by
DeanEdmonton on Oct 11, 2021 11:26am
The price of oil SHOULD not have a direct relationship, since most is long term contracts, but it cerrtainly does affect the interest in this sector as well as perspective. Pipeline prices go up when oil is strong and down when it is weak. May not make sense but the pattern is VERY clear and works 100% of the time.
Comment by
wannabebuffet on Oct 11, 2021 12:24pm
This makes me laugh. 'rampant theft of the electric cables' from trains. The high speed trains use 10 tonnes of copper per kilometer. That's 100,000 US dollars per K. That will attract a lot of thieves. Back to diesel I guess.