The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
I agree NEW, he couldn’t get funding past to fill the SPR though so can’t be much longer?
I agree with KOTB on the US play, that’s when things get interesting. Got to be end of April latest
LS,
You have forgotten the Joker in the Pack, on this day of all days .... the one and only Trump.
Lets wait and see what he comes up with, as I mentioned before, I believe once all the US storage facilities are full to spill with super cheap oil to power the US through its recession, then Trump will play his Trump card imo.
Even if Saudis cut...how long to get rid of the extra storage...everyone going to have to shutdown and how much will that cost and how many will restart operations...in respect of shale producers...this is the end game Saudis and Russia want..they want shale producers to shutdown production as they know many will not restart and so Saudi and Russia get more market share...this is going give a painful few months
NewKOTB
Yes , excellent point about lack of storage, I’d forgotten about that particular issue.
nmh19,
Its not demand to will curtail Saudi et al production, but storage .... you HAVE to stop pumping if there is no where left for it to go. Also you can not just turn off the taps like water. The Saudi are renting as many ship as possible, that tells me full capacity is due in a matter of a few weeks. When that happens, then POO become irrelevant.
Once again, our final dividend will still be paid imo.
No doubt we will get an announcement cancelling the dividend, bad news for us who hold but I can see the SP going up. I still think the Saudi’s will have to cut back on production because the demand for oil must be so low right now with reduced flights, motorists working from home etc.
Gla
The stated 25p divi would cost the co. £3.25million(so not that much..) As AA seems keen to keep this I don't envisage it being pulled. But not ruling it out either.
"With dividends being cancelled everywhere what is the chance of RRE following suit?.."
The announced final will be paid imo, at a cost of only £3.25m, CoH equivalent to £21.89, current SP £6.00 .... future dividends will be reduced, however, there will always be a place for 'special' dividend ... so now worry here IMO
Read the operations update in the RNS section
With dividends being cancelled everywhere what is the chance of RRE following suit?