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Krakenoil, glad your 90% onboard, I’m fully loaded here too & very heavy PMO & HUR as well. Any IFA would think I’m certifiable, but fingers crossed tomorrow will be a big blue day for all holding here.
Those short oil of course
In the case of a $10 jump when WTI / Brent trading resumes, a lot of accounts will be way beyond the margin calls which cannot be issued by the brokers during the weekend. The fallout will be a big headache for the brokers who will be forced to swallow the huge losses.
I think more then 65, we had 63 just few days ago. I say 70-75 range
8 down and 2 to go - Wade off and we're nearly there, GKB. ;-) It'll be great day all around for us when the oil market comes on at 11 PM.
65 anyone??
Ha ha ha good point !
Epip I’m sitting by the pool in Tenerife desperately hoping that Trump doesn’t ruin it. Every time I’ve gone on holiday our SP has crashed, my luck has to change. I can’t wait to see us back in the high 30’s (where we deserve to be)
Lol KO...my speculation may be unfounded then. I care less what happens to ENQ tomorrow, but do care about how the market prices Brent. 65 should be an assured number, to start with anyway.
GKB - I didn't expect this kind of an attack, TBH. It's one think to be attacking tankers or a minor pipeline and another to attack a humongous crude processing facility that processes 5+ mmbbls of crude. Of course, Iranian proxies will be involved in this kind of an attack and hence adds an additional risk premium element to Brent. This was after as recently as last week Numpty was talking up a meeting with Iran. That's off the table now, and that 3 dollar risk premium that vanished on Wednesday and after, after this meeting talk, PLUS a bit more, will be back on tomorrow.
Epip that’s completely wrong, I own a tiny amount of Pmo as I sold most of them last week and bought 3 chunks of Enq and my last top up on Friday I’m 90% all in here, and I’m getting a little excited to be honest
Beerbull, analysing KO's posting patterns, my best take is that he currently doesn't have much of an ENQ position, at least it's smaller compared to PMO. ;-)
I suppose It generally doesn't feel good to sell out of a share and to then see it jump because of factors that no one could've predicted. Hence, the glass half full reaction to what's almost certainly a bullish piece of news..
Beer - I’m not getting my hopes up as Trump usually ruins any bullish impact on oil prices.
He hasn’t tweeted anything about it yet.
Kraken, only recently you said you were loading up on ENQ, what’s the matter? if this isn’t the gear shift we’ve been waiting for, I’m baffled by your half empty glass viewpoint.
I can’t see trump allowing oil prices to get near $70 unless military action against Iran follows.
Would be so nice for Enquest to breakout from this rut. Won’t hold my breath
By the size of it looks pretty serious, plus the other site outage, weeks and weeks I reckon. However the EIA is already playing it down and spouting record shale production and demand forecast down, don't waste any time do they, probably report a build this week even if the draw is millions.
If this outage lasts a couple of weeks that quite a chunk of world reserves that will disappear
ENQ should be set up for a great run over the next six months of oil goes above +$65 a barrel