Good news for LIOC

dineshfernando · 1 Good news for LIOC Fri Aug 15, 2014 12:05 am

dineshfernando

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Crude oil price is crashing and it's now US$ 95.45 a barrel.

LIOC will benefit significantly due to this. There cost of sales will drop drastically which will help them to record a healthy profit.

SHARK aka TAH · 2 Re: Good news for LIOC Fri Aug 15, 2014 12:07 am

SHARK aka TAH

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dineshfernando wrote:Crude oil price is crashing and it's now US$ 95.45 a barrel.

LIOC will benefit significantly due to this. There cost of sales will drop drastically which will help them to record a healthy profit.

SHARK aka TAH · 3 Re: Good news for LIOC Fri Aug 15, 2014 12:08 am

SHARK aka TAH

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Also depend on future contract prices as well know Very Happy

SHARK aka TAH · 4 Re: Good news for LIOC Fri Aug 15, 2014 12:09 am

SHARK aka TAH

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If somebody made a deal to buy above the market price due to some mistake like CPC hedging ...then sorry tama Very Happy

THILANGAF · 5 Re: Good news for LIOC Fri Aug 15, 2014 12:15 am

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dineshfernando wrote:Crude oil price is crashing and it's now US$ 95.45 a barrel.

LIOC will benefit significantly due to this. There cost of sales will drop drastically which will help them to record a healthy profit.

Yes, really good news for LIOC we should collect as much as in levels. No hurry if we plan for mid term to long term we can make good profit.

dpinvestment99 · 6 Re: Good news for LIOC Fri Aug 15, 2014 1:39 am

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I think crude prices will continue to come down in coming weeks and months. I think the current sudden dip was due to poor US jobless claims coupled with week German economic growth report.