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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dericlock
1,539 posts
Posted by Dericlock > 2018-02-26 15:21 | Report Abuse
KKG10Y, the drop in production have not been reflected in the recent QR as oils are stored in FPSO then only sell with oil tanker.
So the oil is accumulated across past few quarters and fill the gap that created by recent quarter low production.
The high revenue of high oil price is offset high expenses (due to recent planed and unplanned maintenance).
Just for sharing