The World's Biggest Miner May Be About to Toast Its Oil Drillers

David stringer from Bloomberg assesses within the article, the future success of the biggest miner, BHP Billiton Ltd. The article states that even though in the past year we have head toward the worst energy market downturn in a generation due to the slow in growth in China, the company BHP Billiton Ltd. may be able to expect something other than a decline in profits. 

After a dam burst in Brazil and a 86% drop in Sydney shares the company needs a rebound. Although profits can expect to see a drop when it comes to iron ore, the company, unlike its competitors, has a significant foothold in crude oil and expects a rise in crude oil prices. Every $1 dollar per barrel change in crude oil impacts BHP’s net profit after tax by $52 million. BHP could rally by about 50 percent in the six to nine months after oil prices rebound, based on its average performance in the past.

https://www.yahoo.com/finance/news/worlds-biggest-miner-may-toast-230856768.html