Malcolm Graham-Wood began the talks by stating a low probability of OPEC action today courtesy of tensions between Saudi and Iran. “Both are likely to produce as much as they can”, he said. He blamed supply outages for oil market rebalancing and the rally in oil prices to $50.00 levels.
The second half of the segment saw Graham-Wood talk about attractive opportunities in oil/mining stocks across globe, which was supplemented by Mir’s technical analysis. Graham-Woods’s bucket list includes names like Australia’s Falcon Oil and Gas, South America’s Andes Energia, Scotland’s Ithaca Energy, Sound Energy and London’s Pantheon Resources.