The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Price of oil. We will get back to $60 next year and you will see were the Share is then
what is POO
really! can't sit on them for years and saw them keep on falling
Forzeb, chill man. I'm assuming you bought share rather then a derivative? Then I suggest you sit on them for a year. You will not be disappointed. Next few months may not be great but if you get out now a guarantee you'll miss a big jump
This share has been here many times, Don’t be fooled into selling.
Pmo is a complicated beast and understanding who is controlling and why is key.
They will let it go when they have achieved their goal. Good money can be achieved but it’s not for the faint of heart.
I think most people can see that Brent isn't going anywhere fast for the next month or so. Profit taking, a realisation that the SP is not going to raise dramatically for a while is sinking in with traders. Trading update next week. I would wait for that. Should be decent. Longer term all you need to do wait for POO to go up and PMO will respond
are you suggesting me to sell or wait?
I am surprised old was low and PMO was above 50p now oil is up and PMO is around 44p does it make sense?
Forzeb - been there, sold that, lost on the rise - got the PMO T-shirt!
Oil is $43 and hasn't moved, try to switch off.
So many times I have bailed on this and kicked myself later.
As I said yesterday I don't see this going back above 50p and I am loosing huge chunk of money as was purchased on 53.99p and now I am seriously thinking to sell at this price before it falls further and my loses gets bigger and bigger
Yet again we see a disconnect between oil and share price.
Are we being pulled down to enable a poor offer? Or is Ri related?
SK, in answer to your previous question, wife is tasty, no I'm not paying and she's not not worth it
I'm reading today's posts with a great deal of interest. Should one choose to you can read into the current world markets and see plenty of up lifting news on most activities especially the consumption of oil.
Others may see the negatives.
If the buyers of these shares out weigh the sellers on the positive mood then our shares will go up.
My gut says we should go back up.
Great to read differing views
All the best
Surely they will issue shares at whatever price they get for them on the open market. Correct me if I'm wrong
SP down 5%. oil price not down today is it. trend still bearish here.
Groan. Switching off for a few days. Will do some work training instead.
What I was also saying cash is the US have done more testing. We are far worse than the US at handling this crisis, our deaths per 1m population are nearly double the US. We have led Europe on some of the worst stats - and we are a flipping island!
Rookie - I don't like Trump, but he does call out the BS in the world - there won't be a second lockdown at a national level or its curtains for all of us.
Agree Dodger - as per my earlier post - i think the growing virus situation in the US is the single biggest risk factor presently and with California now adding itself to states spiking with a daily record the bias is negative - buy in cheaper later 0 i still see this possibly hitting 30's
Then there is the heavy rope hanging re the RI
Jon009 - all depends on US. And they appear to have no control on the virus, or they have the best testing in the world. I kind of think it could be the latter given the deaths are lower, having said that I hear ICUs are filling up and yesterday showed a spike.
A move to around $47.00 Brent before the end of July is certainly possible imho.
If that were the case wouldn't they be pushing the SP higher ?
You going to panic sell again SK ?
Brent has been tapping away at $43 for some time now, 3 full attempts over the past 2 weeks, once through a move to $45 is likely.
Its coming.
MACD really narrowing now, often a sign of a big move coming imho.
currently in an ascending triangle pattern, a move over 42.90 will be interesting. a move over 43.00 and Brent could really start to fly imho.