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Funny how you predict things before you reach them Captain. I wasn't expecting to read 'US Oil companies and US companies'.
I was expecting a single word. Trump!
I agree with you but not wholeheartedly - but only because the corporate greed of the land of the free is not (imo) the biggest problem at the moment. That accolade belongs to that ignorant, power crazed, racist, misogenistic moronically thick orange pillock.
Johnpwh - you've hit the nail on the head. But is there any stopping the insanely selfish and unbridled capitalist greed of US Oil companies and US companies in general?
Personally I want there to be some production constraint on the US. I would rather suffer the pain a bit longer to get that. You cant have the rest of the industry cutting to increase PoO for the US to exploit at will, there is no long term stability in that.
https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-opec-expected-to-announce-historic-production-cut-643187
Russia agreeing to 1.6 mbpd and could go up to 2 mbpd.
Production cut definitely happening today, top up now before it is too late.
Still here. Still ok. Still drinking but in fairness also still using my exercise allowance to the full. Trouble is the bike is starting to creak! Must get my spanners out.
Agree with Daltry & co, 70p is a daft prediction at the moment. The future isn't just about HURs continued steady development, it about PoO. The thought of $50 PoO is a pipe dream at the moment let alone the level that would give us the highest ever SP.
I think a target price has a 12 month timescale
70p is a big ask ...unless a RRE buy out occurred ???
Closed yesterday with RSI 52 and 50 MA is 14.2p
Zak Mir gave this a mention a little while back with 25p on the target range ...
That seem very possibly as on the chart all the ducks are lining up ...if you believe in that sort of thing ..GLA
Trouble is, littlened, is that every single analyst has been grossly wrong. We would all very much like them to be right, naturally.
Bartle see your still the font of positivity, surely you must get bored soon ??
......and how many target prices have been achieved; zero
Arden have target price of 70p even in these volatile times.Impressive or optimistic