LIOC is looking for a new resistant.It will move gradually up to 60 levels by the end of this financial year.
Because ,According to the latest financial reports ,there is a huge increasment of inventories (from 7928 million to 14952 mil) can be seen in the balance sheet of last quarter compare with its earlier quarter
So that I don't think oil price hike at world market will not be affected LIOC earnings in this year.It will definitely make 20% or higher return on total equity
DO YOU HAVE ANY COMENTS ?