We would love to hear your thoughts about our site and services, please take our survey here.
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.
Personally, I don't see how OPEC + can cut as much as the market has currently priced in so IMHO they may disappoint, and it could now be time for buy the rumour (which has already moved the SP) and sell the fact before the upcoming meeting.
If a favorable opec+ deal is reached, I dont think it would be a huge stretch of the imagination to see shell at 1700, which is about 15% from where we are now. Considering the crazy swings we have all witnessed in the markets over the last 2 months, a 15% rally on an opec+ deal cutting 10mboe+ it is certainly possible. Conversely, the opposite is also true as Oilers have a certain amount of expectation priced in.
Of course then post opec+ deal, there is the whole issue of demand which would still weigh on any significant oil recovery. Cutting supply is certainly a good starter though and should see WTI firmly in the 30s.
It is concerning about the levels of debt being taken on by countries, but everyone are in the same boat. After this, I really hope Italy, Spain and portugal do the right thing and scrap the euro. They should have years ago!
Personally I think any march to 1700p would be well over bought...just now the oil price could go to $100 but that doesnt mean anyone is going to sell much of it, given the huge amount of supply still sitting around and the historically low demand
Any deal looks like wanting to have more than the Russians and Saudi's taking part and only them losing some market share.
I cants see them agreeing that...because they would have ageed that a month ago
It is an "all in it togther " deal that looks more likely...otherwise..whay get the G20 oil ministers involved.
You cant really have any tom,dick or harry trying to get in on the oil game and then thinking someone else is going to be an umberella and shield them when times get tough
Some of the small players are going to be driven into bankrupcy , as a price of this situation
Not everyone will see the otherside of this severe episode , and some of those may well have to come from Canada and the US
This meeting could well set a precidence for the future , in some form or other , in terms of defining the new Opec +
Very little movement here until D-day on Thursday.
Opec+ deal, quick march to 1700+
Opec+ no deal, then retreat back to 1200s.
I am optimistic.
GLA