European hedge fund believes market for crude is oversold as demand picks up Investors are beginning to bet on a sharp rebound in the oil price by the end of the year, on the back of rising demand and a slowdown in US production. Insch Capital Management, a Swiss hedge fund, is predicting that prices will be trading at about $82 per barrel by the beginning of next year, and already claims the market is oversold. The Lugano-based fund says it plans to ramp up investments in the sector in preparation for an expected 50pc uptick in the price of crude by 2016. Oil prices have recovered somewhat since falling sharply to below $50 a barrel after the Organisation of the Petroleum Exporting Countries (Opec) decided in November to maintain production levels, despite weaker demand. Brent crude is currently trading at $64 a barrel. However, consensus is forming among investors that the oil market could be poised to recover quickly, spurred by strong demand and an expected slowdown in US production, thanks to the high number of drilling rigs that are being closed. Insch Capital said: “After the recent crude oil price declines, the oil rig count has dropped precipitously. Many oil companies are being forced to sell properties in order to repay bank debt.” Low prices have given rise to speculation that oil companies may merge or divest assets. Royal Dutch Shell (Xetra: R6C1.DE - news) has tabled a £47bn deal for BG Group (LSE: BG.L - news) . But apart from that high-profile acquisition, few deals have emerged. Insch says it is taking advantage of the market by looking at adding a number of properties to its portfolio. “If completed, these acquisitions will substantially increase not only our operating rig count, but also our proven reserve.” states andrew critchlow brent +.32 at 63.34 +0.5% 11 pm 22/06/15
4 Jun '15
Lowest price since 2010
In for a Spreadbet long at 1904 for £15 a point. Target: 2050 Stoploss: 1875
23 May '15
RE DIVIDEND INFORMATION.
http://moneyforums.citywire.co.uk/yaf_postst2847_DIVIDEND--INFORMATION-GUIDE-LATEST-EX-DATES.aspx shufflebutt of help my quick note ex-dividend days are now Thursdays,to qualify for the dividend you must purchase wednesday the day before up to the close of business, the share price will drop by the dividend payment amount on the opening of business on the ex-dividend day, you can sell on the ex-div date and still get the dividend ,
15 Apr '15
Just recently bought rdsa shares on the dip as a long term investment. Could anyone tell me if i pay tax at source when dividend is paid. Sadly i did not research as i wanted to buy in quick. I have now read that there is a 15% dutch tax. Any info would be great
13 Mar '15
Fortunately it seems the CEO will not feel too much pain. He will still earn 26 millions dollars this year or 500k a week. He must be some CEO...
13 Mar '15
I have this on my watch list but considering the direction of oil prices it is holding remarkably well. It seems that many still cannot comprehend the effects of the low prices. Many stand like rabbits in the headlights and are getting squashed without remorse. At the present time there is not even a glimmer of recovery. Brent futures have fallen back to about 55$ a barrel and crude spot is 47%. Behind this fall is the geo political force of the US of A. Small producers have to extract more to raise the money to meet their debts and the more they produce the lower goes the price. At some point the ship will start to turn and companies like Shell will be the first to benefit.. For this reason I am watching..
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