The share price is not going anywhere this morning only down If it falls to 73.4 I could well be a buyer Sitting on £42K on the account will nedd it by the 20th of February bit of a risk but at that price I think there is a profit to be had
Cloudy, cold , it can only get bettter Not a sell for profit day for me or at least does not look like it. With the current level, the 77p sell limit order unlikely to go through. If it hits 76.5 will cancel limit order and sell my 13500 Those in the profit territory ,please enjoy the feel good factor, GLA
lol.I suppose he's got to have a good day once in a while,but Russia downgraded to junk,so he cant really win,no justice.lol. mark,just about about every oil major is cutting capex,the oilies are a bargain,but demand might take 6months to a year to balance out,even with us demand increasing,consumerism is the key,its already risen 4% in the last month,but it's still early days yet,but no doubt if your long,oilies are still a bargain,but volatility is off the scale,so trading them is the only way atm,if that's your thing.gl. ps,rig counts are down 20/30%,that tells a story and they have a long lag time.
Not sure how relevant this is to Lloyds but Yes the rig count has fallen quickly but probably could resume drilling just as quickly so the speed of response may well set a top side to the oil price. It all depends....apparently rigs can be taken out of service in various ways, termed hot, warm or cold stacking...hot stacking is when almost all the workers are kept on and most of the costs remain, cold stacking is the opposite. I guess the Saudis will have achieved their aim if cold stacking really takes off and the rig owners can't respond quickly to a rising price, the Saudis can then increase market share and make a killing when cutting production. I'm just an amateur but with the US shale oil and gas industry being so young and efficiencies increasing all the time. Overall it wouldn't surprise me to see the Saudis losing far more in this p*ssing contest than they envisaged, even if they win in the end.
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