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Dutch1

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Dutch1

Re: None

Wednesday, 10/19/2016 2:33:17 AM

Wednesday, October 19, 2016 2:33:17 AM

Post# of 30375
Today we may see the first impact of OPEC decision to cut the production in the weekly EIA numbers.

Oil companies seem positive, however in this article I read about an oil price between €50 - €60 in 2017. To me it still feels low. However, if oil settles in these price regions and stabilizes, maybe PEIX could start to act like a stock on its own again, which price is less connected to the oil price.

http://www.wsj.com/articles/big-oil-to-start-spending-again-after-two-year-slump-1476793216
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