London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
bim - well that only goes to prove my point further that the market predicted and reacted before the news - which is what has happened this last week in my opinion.
in my view the market and smart money is already lookig at the next transition - which is the potential recovery - us result should improve macroeconomics short term regardless who wins....imho
Cap’n I’m talking about the markets in general, not any specific share. There will be exceptions. I’m hoping Hur recovers and I’m not in any great hurry for the Hur recovery. I’m retired and, thankfully, comfortable.
Kerogen want to take it private - is still my bet.
Bye bye Slith - do the decent thing
Han**** spoke to the House about lockdown on 16th March, it wasn’t actual announced until 23rd.
People were still more hopeful about a V shaped recovery at that stage. I’m afraid this is a different scenario
bim- of course i will watch tomorrow. my suspicion/hope is yes there will be a minimal drop - whether it affects hur is another matter - as we have had rather a bad time of it already - but after a few days we will climb again.
hur is currently at £45m....it is a going concern (for now)
so how low do you think the mcap will go? £30m..£20m? we should have another offload this month worth $15m+
I think what we should now be watching is post 03 Nov/US Elections, Monday as simply a trading day here is irrelevant in my opinion.
Watch on Monday and check the market.
Markets are forward looking by nature, hence the relating phrase "Buy the Rumour, Sell the News", and when it comes to HUR SP, IMO, almost every potential pessimistic doom & gloom scenarios are already well too priced in, thereby, even a whiff of positives will be sufficient for massive breakouts in my humble opinion.
GLA
things are rarely priced in? really? the market is always looking ahead
21/2 ftse 7400
5/3 ftse 6700
12/3 ftse 5200
lockdown announced 16/3/20 ftse 5135
17/3 ftse 5300
26/3 ftse 5800
Things are rarely “priced in”. Look at the second gulf war. Everyone new an invasion was imminent. Troops massing in Kuwait but the market still dropped once the tanks rolled in.
I actually think in this climate we will see hur below 2p
JIMO
yes good link . thanks DA. it is what i have been saying for awhile. green sounds good but the reality is a different thing. there will be enough need for oil longterm - even if in the short term there is a drop due to covid. the question is how long term is hur. A good forward plan and maybe......
red leader - monday will be interersting on ftse etc. however i would like to think that this last week was the market looking forward and pricing it in... - i think it was pretty obvious we were going into national lockdown - and as soon as other eu countries did i think it gave boris the confidence to go for it as well. i dont think hur will go under 2p - famous last words - but there is just a month and a half before the future plans
as usual with hur - stormy times!
Any downturn is good for oil! .... really. Even though there will always be a need for the black stuff, surplus equals low price pb. I see us under 2 p befor Xmas . If we can ride through to mid 2021 then large profits may be had. I will top up on new lows but not more than I can afford to loose. Goodluck all.