Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://www.google.com/amp/s/www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/04/05/Oil-Price-Forecast-Extreme-Volatility-Ahead-of-Virtual-OPEC-Meeting.html/amp
Interesting article.
Monday will be interesting with everyone ready to buy in/top up on tlw when it supposedly drops to 15p.......
China knows what coming...
“China is moving forward with plans to buy up oil for its emergency reserves after the epic crash in oil prices over the past few weeks. Beijing has asked departments to quickly begin filling tanks and options to lock in the current low prices in the market"
Well not long before the asian markets open and we'll find out what the professionals believe is coming this week.
skier1,
The company has said they’ll be FCF neutral at $35 oil for the rest of year, so maybe you could back up your ‘racking up debts’ comment? If you can’t it might be best to keep quiet.
Skier TLW is hedged until 2022. Poo will be sorted by midweek. Easy hold if you are already in.
TLW will slide on Mon. Its new financing only keeps it going for a few more months and it is racking up debt faster than the Knight Rider clock. What's more, the 5-10m bpd "Trump cut" is going to be nowhere near the 15-25m bpd loss of demand needed due to the plague.
Iranian newspaper?
Some people can handle that. Either by education, profession or experience. You are patronizing and unless you know oiluser personally, you owe him an apology. :-)
Oil user, I don't think an Iranian newspaper is a very trustworthy source of news as they have their own agenda.
Read some here and there . I got the idea. But if you would like to recommend something specific, I'm al ears, cheers.
You should read a little Art Berman, he predicted this situation years ago.
Tariffs on SA oil to US, that was 368kbod last week. SFA in real terms. Canada doesnt import SA oil, and neither take Russian oil on the up and up. Maybe some on the grey market. Tariffs are an idle threat. I think the alliance will sweat the big deal maker out, and rightly so. Big oil wont give a rats arse, they would happily take over loads of shale play and manage it to suit their books.
Here's a nice troika highlighting the Russian stake in the fake 'Oil price war'.
This to get a appetite for the numbers involved:
https://news.cgtn.com/news/2020-04-04/Will-Russian-state-budget-survive-the-negative-oil-export-price--PpqnNrARsQ/index.html
This to illustrate how Russia is handling the developments behind the scene and also showing how powerless or empty Trumps move is:
https://financialtribune.com/articles/energy/102675/putin-government-rewriting-budget-at-20-oil-in-2020
Putin just playing:
https://borneobulletin.com.bn/russia-ready-to-cooperate-on-cutting-oil-production-putin/
Excellent posting, good analysis.
Don't worry too much about Trump. This "Us shale is going to collapse soon and take a few banks down with it as the loan book is massive." was baked in from the beginning. That money will disappear in his and his friends/masters pockets, as planned. Investors AND taxpayers ripped of on account of the illusion of energy independence. (Are you familiar with the work of Bethany McLean?)
Happy for this to drop on Monday but that is unlikely. I have an average of 13p with 10K invested. I held off putting more in on Thursday and kicking my self there. That said, very happy with the RNS. We will not see 10p again imo.
My first ever purchase in tullow aswel l !! Never would I thought i would buy tullow...
But situations change very quickly
Going to dip my toe in here after reading the RNS Friday!!
Hopefully a little retrace monday but ha ho 15p or 20p won't make much difference really ..
£14 to 7p drop over 10 years has been a disaster but a recovery is now on and lots of upside to be added .
How brave shall I be as this will be my first buy since I sold and went to cash 6 weeks ago ??
What a couple of days late .
It's going up on the restructuring, nothing to do with the oil price.
The bottom line is we are back in business .
So all them billions that left the sp on the drop fearing the worst. Is now seeing that there is a recovery on.
Be it Monday , weds in a month's time.
Those investors are repositioning . So there is alot of money to come back. If only half comes back from £1.50 that's 75p. Currently 17p.
Yes 17p and people are worried about a little up or down Monday lol.
See the value potential and hold
I hope you're right.
My fear is that the poo will drop tomorrow on the OPEC meeting delay leading to panic on Monday morning.
I would be more than happy to be wrong, my AVG is 25p so would be over the moon with anywhere near that next week
Nah see it going up mate .
Top up early if i was you am taking alot more Monday .
These opportunities are life changing.
Low avgs in big recovery plays are like gold dust
I would love this in the 20's for Monday.
I see it closing around around 14.5p on Monday climbing to 17's for the end of the week.
News from Friday is very positive so don't think we will see 10's again any time soon
That's all these boards are is a bit of fun/windup as 98 percent of posts are worthless carp. Mine included . Anyway glad I dumped out on friday as a quick winning trade at the moment is brilliant . I'm looking at a 13.6 buy in again monday same as Friday. Happy tading all.
Expecting a reply from Fridays winner, the legendary Mr dickpuller.
25p Monday I say
It's just a bit of fun.
Who stole your balloon?