Tuesday, 1 September 2015

Oil revisited

Since the last post on this things have been "interesting" in the markets and I'm getting tempted by the oil majors.

In the blue corner:

In the red corner:
- Me.

I get tempted to go for it and then think about how the market has changed now from 2008/09. OPEC seem to be washed up and the ability of US frackers to gear up when the market picks up should keep prices lower for longer.

Recognising my lack of knowledge is why I keep reading, generally and specifically. In this case, there is a fair amount of information pointing to the plunge and a 7% yield would be rather nice to complement the portfolio.

The current correction seems like it's not as V shaped as in the US, so I can deliberate a little longer...

As always DYOR.

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