Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think there will be shorting ban coming soon so there's this risk that shorters would have to close immediately
Kill the sp?
Bought in at 22, seems as if the OPEC meeting will kill the SP. Sell or hold?
wolves2211
https://oilprice.com/Energy/Crude-Oil/Is-US-Energy-Dominance-Coming-To-An-End.html
The ultra low Fed rates are keeping the 'zombie' drillers on life support. OPEC and the others imo will make big production cuts; i won't be surprised to see this within 7 days. Big producers don't like the thought of low prices again this century. GLA ATB
It's just bad luck, I mean who could have predicted CV19
Flip a coin, but do you thin the US is going to cut in coordinated manner with OPEC++
PMO looks forward to working with @BP_plc
its new partner in its operated Andaman II PSC, with the sale of Kris Energy’s 30% interest to BP completing yesterday.
hasiba,
I wish my wife was open minded enough to let me set up a spreadbet account to short every 15- 20 years when these market corrections and black swans appear (often not overnight). Shakespeare's tides and fortunes come to mind. So does a new wife. GL ATB
Anyone who has been in Pmo will know long term isn’t always the best option here.
How many times has this share been over a pound only to drop like a stone. I’m not advocating day trading but sometimes securing some profits from time to time is the better option.
IMHO
This crisis was big overreaction, in time sp will back to normal levels. It is up to everyone to decide what to do. For me in longer term it does not matter what happens on opec++ meeting. Big oil producing countries do not want to sell for 1/3 of the price. For that very reason, the will do everything to go back to previous levels. If not now, than a bit later.
SK
You have two choices when investing in stocks..
You follow the successful wise investors like WB and profit OR
Follow your emotional drive and pay for your costly mistakes..
There is no alternative
The market place is very cruel and unforgiving
Short and day trading is a loser game...85% loses money big time..
Would you swim in a wild river when there is an 85% of getting drowned? Ask yourself
It is. However we are undoubtedly in unprecedented times. For me to turn my entire portfolio back to cash was undoubtedly something I never expected to happen until I was an old man. In normal times I very much agree with Hasibas quote below. I'm still on significant losses but they would have been tens of thousands higher had I not pulled the trigger.
I really think the worst is yet to come and cannot understand how Oil is sitting above $30 at the moment. I think PMO will be alright but this is certainly not a definite. GL to everyone. I will watch next week with interest to see if I'm right (or hopelessly wrong like this week!!)
WB famous quote....
“the stock market is a device for transferring money from the impatient to the patient"
I was chuffed Sauerkraut! I never thought a 50% + rise would follow this week.
My instinct is telling me another huge correction awaits not only here but in the markets at large. If I'm wrong I will have lost both ways but sitting tight and trusting my instinct. Hope you are well and GL!!
When I sold on Monday I was convinced next move would be down so I'm wide of the mark by a HUGE amount as it's up over 50% since I sold.
If you are in at 22p will you hold over a very long bank holiday weekend? Will take balls as you must have made 50%+ in a few days. Good luck whatever your decision.
All best FC
Firstly. Congratulations to everyone who has held this past week. I was chuffed at making £400 on a day trade a few weeks ago. If I’d held on a few days it would have been £3,500!
Unless you are holding long term (a year plus) I think PMO SP and POO are very frothy at the moment. I’m betting on a sharp re-trace in the short term, Aat which point I’ll buy my holding back.
If I’m wrong I’m locked out, however even with positive news flow oil surely cannot be worth more than around $28-30 per barrel at the moment?
GL everyone.