Welcome Redfox .
Your view on the price of oil dropping is shared by all the brokers I have read .
For instance the HHG report has different valuations on NZO based on different TAPIS prices . At an average TAPIS price of $118 they have a valuation of $2.60 on nzo and if the price falls to an average of $104.99 the valuation falls significantly to $2.18 .As you know Tapis has been up to $150 and currently is $136 . Additionally the exchange rate has fallen to 0.74 US
What I really like about NZO is the way they are achieving far greater profits than any broker has dared to predict-as I hope will be seen in Thursdays financials .
Between now and thursday I predict many downrampers keen to boost their holdings will post negative comments