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If you are a small O & G company looking to add assets, what a time to start looking to acquire O & G companies. If you are looking at offloading assets, no so much a good time...
High commodity prices/low valuation - which one with break first..
My guess is that O & G commodity prices will increase much much higher in the short term, so my money is that MC valuations will move higher in the next few months and the low MC values will be highlighted to the traders/investors. Unfortunalty, only when traders/investors come out of their shell shocked state that is!
All IMO
Good Luck..
Tend think opposite with oil, IF recession hits think these prices will come down, notice already oil prices r coming down of late
My rationale is that supply uncertainty will be the driver for higher prices. Yes, demand may reduce due a slow down but for prices to fall it would need to drop off considerably. The high prices in itself are already reducing demand, discounting any threat of recession, as consumers are more careful with energy usage. But you can only reduce energy consumption by so much and for a limited time frame.
Perfect storm I would say IMO - could go either way
You only need a little ripple/disruption in the supply chain to create a large wave further down. Even if the price hits $150 per barrel or higher, it probably will mean PPC will drop anyway :-)
Looks like the tail is wagging this dog now :)
Also, currency exchange rates with a weaker pound won't help the general market and inflationary pressures - might help PPC though when converting back to £ at in the results!
Interest rates will need to move much higher and in the very short here in the UK, if they do, it might well cost more to service debt and mortgages etc.. but if it helps to prop up Sterling it would help the reduce imported inflation as well as Energy prices after the reverse affect right now and compounding the situation. Looks like the $ US will be safest bet for most investors and it looks like US will go much higher with short term interest rate jumps and at a much quicker pace!
Short term pain with high interest rates is needed right now IMO!!
Good job my mortgage is fixed - but only until this time next year :-(
Levine needs to show soe results rather than talk a good game, he is turning into the boris of the AIM