“In the last week we’ve seen a couple of investment houses turn bullish – narrowing heavy oil differential assumptions meaning higher realizations for the producers. I think we’re going to see more of that.
“The bottom line is from a heavy perspective we’re seeing new demand infrastructure related capacity coming outweighing new supply and that’s going to keep differentials narrow and I think momentum on heavy oil prices favours the producers,
is why so late in the day? if they wanted to buy could of done it earlier, or was it a plan to shock the MMs in last few moments. Just keeps it interesting. What will keep it really interesting is if these type of buys continue! GLA
sounds like you have your head in the right place. o.50 will be a major triumph. Just be alert as any of the recent hikes have lasted very short time. I managed to post on the last one at.32 that it was worth getting out and it turned out to be around the peak, but we all now how difficult it is to hit the tops and bottoms so without giving any guesses just don't get stuck on a number but look at the news, the developments and the progress of the SP and then make the decisions. If we do get a spike best not look on this site as they will be going 3 p or 5 p or higher as they always do when we move up.
As for experienced posters SIFC knows I have been in Sefton and on this forum for many years before he was here but I don't claim that gives me any more credibility. Everyobody on here including myself are anonymous faceless unknowns and you can have no idea if they are financial experts or come straight out of the institution. The only thing you can judge on is their track records, need I say more. Good luck, hope you get some of money back this company has stolen from you!
You are very brave but on the other hand we are so close to zero that if as it looks they survive it cant drop much more. as for Tony's bingo shouting numbers all day it has become the daily amusement, Nobody cares and we are completely stuck just now. I hope the EGM gives a little boost as you get out a bit better than it looks today. If you wait for SIFC's " respected and experienced" valuation you would already have waited for several years which it looks like you have and you will wait a lot longer. I don't think I am excaggerating when I say that we have had a least 500 valuations and promises from SIFC and you know the track record yourself. Wish you luck and make up your own mind and set your own target when it is time to pull out of this farce what you can get.
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