Given the fixation with oil prices on here wouldn't some of you guys be better dealing in the commodities market and shorting oil rather than posting on the FOGL bb. ?? It's just plain dull reading the same old same old on oil prices when we don't produce any oil and won't for a number of years.. At least mark your posts "Off Topic"... Why don't you talk about gas prices which interestingly are the same as this time last year and are set to go much higher with winter demand about to kick in.. "Gas" is in our name too and we will most likely hit quite a bit of it next year. BP now have more revenue from gas than oil.. Or is it not proper to look at any positives chaps.. !!
We're down to $82 for WTI or $84 for Brent so almost at 'Who blinks first'. Putin/Russia, US shale oil, or OPEC ?? Fascinating this one which will perhaps be delayed by the northern winter. At $80 for WTI about 10% of US shale drillers will pack-up which would reduce shale oil eventual output by 30%. Russia will also struggle at below $85 and as for OPEC this will be split down the middle between the hawks and doves so could go either way by Q2 2015. Enjoy the ride !!
Turned around late afternoon. A lot of this is overdone especially with the lower oil price helping to reduce inflation and improve the world economy. This is all far more positive than a high oil price stifling world trade. The oil price will rebound late 2015 propelled by by a more sound world economy. Meanwhile FOGL investors will have to tolerate the daily manipulations of the MMs at least until FOGL finalises the 3D. As to the oil price this really should not affect FOGL unless FOGL hopefully has a good oil strike and even then it will be three years thereafter until any sales are made. By then OPEC will be almost irrelevant. But US shale oil costs $80 or so and OPEC cannot afford to run sales at $78-80 for too long without hurting their own economies so this should mean the oil price will start to recover in 2015 but earlier if there is a severe northern winter. Meanwhile for the confident investors the MMs have opened up a window of opportunity. When RKH went from 36p to 500p the oil price was $84-85 so its not all doom and gloom.
Spare me.. And answer the question.. As for all the big fall in ftse stuff too, that everybody seems to be sucking in, let's put that record straight, ftse is currently around 6400 from a high of 6800 ish earlier in the year so a fall of around 6%... Hardly a crash is it ?? Jeez I really do despair when the daily mail readers start believing what they read.. God help us if we had to go to war again with all the gloom and doom mongers that seem to prevail in our country.. The politicians and money men love volatility, 1) so the politicians can justify their existence and 2) So the banks and money men can make a fortune..
Pray tell me what has the current price of oil got to do with us?? At best we would produce in 2018.. So how can a current sales price affect a company which has nothing to sell.. All this carp about oil prices affecting FOGL in 2014 is just nonsense, this is all about manipulation of prices for somebody to make profit, nothing more nothing less imo..
Seen it all before, a spike to get the punters in whilst the Big Boys / Girls slowly sell into it. I've held off while the slow spike of the last few weeks has dissipated a little-coinciding with a big drop in the FTSE. I only wish VOG didn't take a corresponding kick in the pants too. Too many good shares about and not enough time lololol. GLA
It's scandalous how this is being manipulated, nothing's changed with the company over the last week, other than we are closer to drilling and yet the mm's have walked the price down by near 25%.. The question is will they take it lower??
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