HOUSTON, January 13, 2015 /PRNewswire/ --
With recent market developments in the decline in oil prices Saxon Oil WI remains optimistic with its analysis of the market. With all commodities the old adage of buying low and selling high cannot be more truer than it is today in the oil and gas industry. Director Toby Birch recently said, "If one invests based on daily news it is very easy to be left behind the curve when trading in commodities. However, one should bear in mind the pendulum effect of supply and demand for real assets. High prices attract supply, which later suppresses the price, while low prices diminish production. There is of course a lag time between the two. The slump in oil prices will have many unexpected consequences but as always crisis brings opportunity, just as it did in 1998 and 2008."
With its current project, the Three Lease Project, Saxon has seen great interest from participants in the programme and already has it sights firmly set on releasing its next project when fund raising closes for TLP. We have seen an upsurge in deal activity in the New Year and are seeing some extremely positive ventures presented to Saxon. Recent board minutes released from the Fed indicate a positive outcome for the US economy with the falling oil prices which should see a pickup in the economy due to the extra stimulus given by lower prices.
For more information, please contact: Saxon Oil WI +1(832)201-6332, [email protected]
SOURCE Saxon Oil WI