I see that oil has gone below 50/bbl even with the USD remaining “weak” in the past few weeks. Typically there’s been an inverse correlation between the two and most commoduty prices for that when (when there are no supply shocks). So what’s the story here? Could we see oil go back down to 20s or 30s? If so we could see a repeat in the performance of the oil, petrochemicals and other companies.

With Saudi Aramco IPO still ongoing I’ve heard a few amusing stories ie they are keeping oil prices high to have a successful IPO. But the one theory I enjoyed was that they are only IPOing 2% of the firm just to be able to show that they have more than enough reserves to last generations. We’ll see how this unfolds…

It’s annual report + AGM season. Normally I never cared to read AGM nor board resolutions but after a rather eye opening experience at a firm I used to be on the board of, I do find myself scanning resolutions of the companys we look at far far more often. Why? To see if there are any stupid decisions being made at the board level.