$Geo Energy Res(RE4.SI)$ $RH P

2024-10-08

$RH PetroGas(T13.SI)$ $Rex Intl(5WH.SI)$ Why buy Geo energy?

Middle east tension have caused the international oil prices shooting up fast...If you have missed the boat for Rex and RH...

Do take a look at Geo energy. Coal is a substitute of oil during winter. Very soon ,the West and EU going welcome the winter... As usual, the talking of "going green" will be out aside as energy cost remains high..

Many countries will turn to coal to keep the people warm. Coal usage will be high for next few months. Potential upside for Geo is 20-30% from current price 0.3/0.295.

Modified in.2024-10-08

Iran-Israel Tensions: Will Oil Rebound or Hit New Low?

The sharp drop in oil prices has also led major Wall Street banks to lower their target prices. Goldman Sachs predicted an average oil price of $76 per barrel in 2025. The bank’s analysts noted that geopolitical risk premiums are limited, with no significant impact currently on Iran's supply facilities. Citigroup also adjusted its Brent crude oil price forecast for Q4, lowering it from the previous $74 per barrel to $70 per barrel. ----------------- Will oil hit new low? Or time to rebound?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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AuntieAaA
2024-10-09
AuntieAaA
GOOD

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