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Share Views - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects Watch here

Share Views Episode 13 - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects

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Member Since: Mon, 11th Oct 2010

Number of Share Chat Posts (all time): 11,673
Number of Share Chat Posts (last 30 days): 0

Last Posted: 12 Nov '15

12 Nov '15

But to put things in perspective, Rolls-Royce remains a profitable company and one of the world’s top three makers of aerospace engines. Its order book is bulging, the balance sheet is strong, and its liquidity is not in question, even if the shareholder payout now is.
29 Jun '15

Shouldn't you be down the allotment!....How's you doing? time I top up keeps going lower!!!!! ATB
26 Jun '15

scorcher next week? Does that mean you are going to be let loose on the ironing again then? :o)

went to Edinburgh for the day on the train yesterday, hadn't been for years, thoroughly enjoyed it.

Hope all well with you x
20 Apr '15

it wasn't just red it was blood red!!!!!.... we are in the wrong game!!!!!!
5 Mar '15

it's the little things that always matter the most! Don't post myself either, was a bit of a one off. Thank you very much for your kind wishes and I wish you and yours all the best in return, Take care. Had a lot of good times on this board. Some things we never forget :o)
26 Feb '15

my 'waiting for a miracle' drawer has collapsed under the weight! lol.that many lost count, feels more like dead and buried The drop brought me here! But after reading your post not for me at this time. ATB
26 Feb '15

The recent crash in oil prices has made BP’s road to recovery from a massive setback it faced as a result of the 2010 Deepwater Horizon incident even more challenging. Just when the company’s underlying business seemed to be on the cusp of a turnaround with new upstream projects adding to both production and profitability, it now faces a potentially prolonged cycle of depressed commodity prices, coupled with huge uncertainties related to additional liabilities from the oil spill incident. In this article, we look at the key strategic steps BP is taking to ride through the commodity down cycle.
25 Feb '15

like bees to honey! lol :o)
25 Feb '15

to see this top of the leader board today
20 Feb '15

are climbing even as prices plunge

You’d never know oil’s price is tanking by eyeballing supplies.

Oil inventories appear to be defying conventional wisdom, hovering near 80-year highs even as prices have tumbled by more than half since crude oil’s peak last June.

A report from trade group the American Petroleum Institute late Wednesday showed a jump of 14.3 million barrels in crude supplies for the week ended Feb. 13 — prompting some following the oil market to call it “ridiculous,” “shocking,” or “gargantuan.”
Indeed, U.S. stockpiles of crude continue to grow and the EIA referred to the 425.6 million-barrel total as “the highest level for this time of year in at least the last 80 years.”

It is worth noting that API and EIA reports calculate inventories differently.

“Bottom line is the API data [are] voluntary,” notes John Macaluso, research analyst at Tyche Capital Advisors. But for companies which carry or store 1,000 barrels or more of crude oil, the EIA’s survey is mandatory.

And “it always seems that API tries to catch up with EIA data, which is a much more detailed report,” said Macaluso. Last week, the API said crude stockpiles rose 1.6 million barrels for the week ended Feb. 6, while the EIA said they were up 4.9 million.

But no matter how you measure it, oil’s supply glut doesn’t look like it is set to abate soon.

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