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Oil - How low can it go?

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    #51
    Originally posted by LondonManc View Post
    So it's more of an Epileptic Cat Fit than a Dead Cat Bounce?
    Sounds about right. More so, that have geared finance. Premier Oil I think is an example. A lot are just a pure bet on whether oil recovers. I have a few bob on it doing so, but then again I am no expert.

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      #52
      Originally posted by The_Equalizer View Post
      Sounds about right. More so, that have geared finance. Premier Oil I think is an example. A lot are just a pure bet on whether oil recovers. I have a few bob on it doing so, but then again I am no expert.
      PMO is a reasonable bet. They recently bought E.ON's exploration business in the North Sea for (relative) peanuts. Assuming they can reduce the /bbl lifting costs, it won't take much of a bounce in the oil price for them to be quids in.

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