good for LIOC uptrend.
can some one stopping this going to $50????
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SHARK wrote:Tell me why it should go down .... Going Down means slowing down of the economy in the US China Russia and else where.
US will have enough crude inventory levels..... i doubt OIL will go below owing to any other reason.
BUT in srilanka situation LIOC and LLUB are facing stiff competition due to small time players overcrowded in the local market. With GOSL entertaining more foriegn players, i would keep my hands off on LIOC and LLUb until such time it becomes attractive.
Retailers careful when you think of BUYING LIOC and LLUB at current levels.
Much better and safe if a major shake up takes place on these 2 counters especially LIOC
There prices and profitability depends on future contract prices they would have entered with producers or suppliers.
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