OPEC has its first oil output reduction plan in 8 years on the table for the Sheikh's to fiddle...
Oil and gas counters are running up. Sumatec which gets a lot of its revenue from Khasakstan is the most actively traded stock.
However, Reach Energy which the STAR claims, a " Santa Clause" investor is ready to buy out other investors (yield investors) at 72 sen is now trading in negative territory.
Just a theory..maybe it's not the yield investor who wants out..as even yesterday's filing shows the NO to QA plan voter is still buying Reach shares.
It's the corner stone investor , trying to cut their losses due to higher interest cost in holding the shares.
