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.
Russia are probably looking at the falls in storage, falls in production and increased demand then thinking an increase in production is possible and still maintain $50 a barrel or more going forward. I don’t think they want to dilute all the great work done so far.
All about Russia for me, Saudi’s looking to extend cuts possibly to year end to balance the market. Russia looking to crank production back up sooner. If they agree to extend to September which is been banded around, future looks a lot more promising.
Brent $37.64 on H & L, $37.84 on Oilprice.com. Take your pick, not quibbling over 20 cents.
As long as that mug Trump spends his weekend golfing and keeps his postings concentrated on fighting Twitter and Instragram we should be in for a very good week.
Munchbox - I am also a little nervy at the moment and sold down a few dogs in the last month and took the hit, now with only 6 investments versus an average of 20 across many years. Thankfully I bought into GGP 2 years ago which is very exciting and also a great hedge as a gold explorer. As others have said I am very comfortable in RRE with a big chunk and look forward to hearing from AA as we emerge from the doldrums and businesses start to fire up their engines again. AA seems to be a tough cookie and I sense he will not throw away a very strong position in the sector lightly by taking unnecessary risks. We have yet to learn of the adverse commercial consequences for so many companies of lockdown and a low oil price and low demand but sadly there will be quite a few losers and those with deep pockets and short arms will probably prevail.
Bandit. I agree with u 100%
I think newkotb mentioned it a while back. We should look forward to Arran coming online. The acquisition will happen but I am sooooo tense when I read a number of different investor views especially ones that back it up with charts and history especially the type of downward leg that’s coming up.
I think Rre are in good stead but at the same time there’s a weird feeling in the markets ..... I certainly feel it when I trade hence my last 5-6 trades in the market have been quick and thankfully at profits. Only position I’m leaving until Armageddon are RRE and SEP
Munchbox - My concern is the US as all of their main markets are toppy IMO added to which the Trump China Sabre rattling could precipitate a big drop and UK always suffers. Like it or not despite the fact that average PE’s across all UK Exchanges are at a large discount to US we will fall as fast as the US. Irritating that when the US sneezes, we catch a cold but that is what happens. Regardless, if you are invested here with the time to wait for £20 + again, I am quite confident that we will see it again perhaps Not this year or next year but it doesn’t matter to me too much when it is but wouldn’t be disappointed if it arrived quicker than expected. People trading this will have a different set of tactics and nowt wrong with that as long as they keep it clean I have no problem with traders making a turn too.
Shorts increase at centrica .... I think they will want to shift spirit energy before the next market leg down.
Just thinking it could be deja vu here where rre make acquisition and triple ..... only for the sp to get caught out on the next wave down .... anyone who thinks the market will not fall lower from current levels needs to look again because it’s very toppy on many indicators.
What really bugs me is why we are still stuck here and not put on a few ££ to the sp.