1. Most Discussed
  2. Gainers & Losers
KAR $1.13

Oil discoveries declining - tighter supply in future

  1. Mightyatom

    3,147 Posts.

    Article in today's AFR caught my eye.

    "Discoveries of new oil and gas reserves dropped to their lowest level in at least two decades last year, pointing to tighter world supplies as energy demand increases in the future."

    And here we are, Karoon about to confirm a commercial new discovery that will come on line at the right time. Despite the current chatter about an oil over-supply, I think it is inevitable supply/demand momentum will be short lived - most likely a much shorter time in the over-supply doldrums than is reported by the likes of Citi etc.

    Bodes well for those Karoon holders who can patiently sit on the sideline while the yo-yos have their day.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.