Member Info for AKA0501

No one is saying this board will influence the share price (see my earlier posts), but at least be consistent!

This board is for "debate", not facts. S&S don't work on "facts at our level. We are here to try and help each other but we should, on the whole, be factful of which angle we are coming from. Because if we're not, it's fairly obvious and credibility is lost.

Best of Luck and keep safe

You obviously have a hold position and are posting nothing but positives whether they're right or wrong. Please try and look at the bigger picture.

As I said yesterday, a little bit like Trip Advisor

RG, is your UN a homage to a beloved piece of metal in ones externally accessed storage area - just wondering?

Agree with your sentiment and best of luck. Maybe a few trades and you can get the wire wheel upgrades!!!!

Keep safe

Bit of a weird one - answers to this on any money facts website but, money you invested last tax year will not be lost, it depends on what risk factor S&S ISA you invested in. If it was a few days ago, markets taken most of the stomping to date so there should still be the majority of it there.

As far as this tax year is concerned, you don't lose last years money, it simply allows you to invest your annual TAX FREE allowance.

Hope this helps and good luck

Watched the Beeb News a while ago and can not believe what I'm hearing - the public are waiting for the figures to start showing downturn to bring things back to normal.

Are they MAD.

As I've said before, a virus works in mysterious ways and no one is immune; it's just the severity of the manner in which you present - on the whole, If you're young and "immune", who cares, you're indestructible, but the people you come in contact with...…. Come on ladies & gents.

The major problem with this issue is the containment and with reference the above, what hope do we have until a vaccine is presented and "slackers" cease their ways.

Sorry to sound so morbid but the selfishness of the "a" holes who flout the advice is going to effect us all - report the perps.....

Hammer,

Respect to you bud, I'm on the 2-stroke from the mower at the moment - not bad actually, cheeky little number. Cant wait to get back to the 98 octane from BP. Take care and keep safe.

Red,

Fair play - this whole site is about opinions and everyone is entitled to their own opinion and quite rightly so... Think you need to be a little cautious of your expectations - my opinion only. With regards the other producers you mention, maybe, may be not, they're not the biggest players on the planet and they still have their own goals (which invariably, are never moralistic).

Building C19 in, I don't think the market expected this thing to extend so far so IMO, there is still a further down.

I hope there will be upside soon and good news on C19 which will extend further into the markets.

Set aside the tragedy (which I know is hard), but these times are either an opportunity, a temporary bad dream or a day traders dream.

Let's keep things real and keep that faith. Everyone take care and keep safe.

Hammer,

Appreciate we're all in self isolation but if you've run out of alcohol, at least leave the diesel until week 4

Keep Safe and Take Care

Hi Redblu, there were never any "no prospects of production cuts" just a doubt they wouldn't happen - so this was factored in to SP, to date, with the usual +/- hype. With regards the last week with the "meeting", as I've said in earlier posts, we need to look at the bigger picture with regards the Russians (with a gazillion BOO in the ground), the Saudis / OPEC - who are crapping themselves as oil is 80% GDP, to the oranged haired wonder boy, who has friends and business interests, all working their individual motives - DYOR

Countries saying they are reaching a reduction in C19 and the end is in sight, look how a virus works without a vaccine - it bounces back and restarts the cycle until either, there is a human tolerance or a readily available vaccine.

We need to be realistic about the situation and then, only then, try and work out what will happen with the markets.

No dig taken, but as I said, which agrees with what you are saying, people have their own agendas as within all walks of life.

Eyes open and ear to the ground coupled with a little bit of "lady luck", we'll all come out of this with a couple of swag bags, but more importantly, our health.

Keep safe and, keep the humour.

Shaz,

Just trying to offer a balanced view but....

Best of Luck

Hi Shaz,

It depends on which angle you are approaching from - are you looking to buy or looking for growth to improve an existing holding.

If they do meet, which I'm sure they will at some time, there's no saying there will be an agreement - the OPEC members themselves cant even agree which leads me to believe the "old soviet middle finger" being raised, supplies over the next few months will continue on the whole carrying on global storage filling up at low price.

Even if they do agree to reduce figures, there'll be squabbling over "my field bigger than yours so as a percentage....etc,etc.

IMO, I can see the price coming down with regards both oil and the oil shares but they will come back in medium to long term.

This is a link to NASDAQ comment on Friday evening which may be worth a look.

https://www.nasdaq.com/articles/opec-meeting-to-discuss-oil-production-cuts-likely-delayed-2020-04-04

There's tons of these market opinions out there - tread carefully. Similar to hotel review on Trip Advisor - 50 say it's great and 5* / 50 say it's rubbish and 1*

All the best

I wasn't implying that the world economy wont recover, as I said IMO, I think we're looking at a six monther.

The point I was trying to make was that it's going take a huge amount of world economy re-alignment with similar timing of emerging from the other end by other nations, I just cant see the oilers having long term impact - the most effective result would be the production of a vaccine and attack it from the front line back.

I agree there will be upsides to positions if played correctly during this time of volatility but a while to be anywhere close to normality.

What is your opinion on global recession at the back end of this episode and what do you think Mr Sunak was implying when he said that following the pandemic, we would then need to stand together as one nation to all help to "tidy up" the position? VAT, Income tax, NI etc, etc.

Take care

Just wondering if China operated a reasonable furlough scheme that paid the workers during cessation of production - no, didn't think so. So what money will they have to utilise transport and the overall economy. There is also the case of if they start up production, who are they going to export it to.

Being realistic, IMO, C19 will peak and start to fall as the media predicts but if we all come out of our bunkers on the downward slope, it'll go straight back up again - the cycle starts again, so I think we're in for at least a six monther.

A final point, when the powers that be do their power point presentation and show the cases "reported" in China a South Korea, are we seriously believing this and with lack of testing, how many world wide cases are there really?

Do you not think he's playing the game to "stay at the table" a little longer before he drops his bombshell.

IMO, this is market manipulation at its worst.

I hope I'm wrong and people don't get caught up in what 's something similar to today i.e. a couple of rumours from the orange bandit, the pin up bear and the sandies cause a rise and a retrace to the day before - if their were any value in it, it would sustain the upward trend but "demand"...……

I seem to be fixated on this cautious view - please put me back on the straight and narrow.

Best Of Luck

IMO, The Russians don't give a flying f**k about the world oil price in the short term - they are playing the long game. I've not found anywhere that has confirmed they will be part of video conference apart from rumours - dangerous game.

Even if they do agree to reduce production, when the world has a glut of oil, how much difference does this make in the short term.

Some investors looking at potential up on any news but how long will it last for i.e. deal made, oil at $60 but world doesn't need it at the moment - am I missing something apart from the bigger picture?

Best Of Luck All

Agree.

To an extent, the US front man can not be trusted but appears to start ripples in the pond. As I mentioned earlier, the supply has, and, is being exceeded i.e. Saudis already shipping outside of norm and dropping of at Suez canal oil dumps and ST's on their way to China.

The market knows this and they know that demand is down and countries are filling their boots at the lower prices so there will be a lull in the market once the brown stuff stops hitting the spinney thing and countries ease down their cheap reserves at which point the price will bomb again for a number of months whilst the world picks itself up.

Which ever way you look at it, we're on the "men in power" roller coaster and will find it hard to keep up with their personally timed announcements but take a reasonable guess at when you're being played i.e. the only thing keeping the markets going is the "losers" to balance out the gains of those "in the know".

Before anyone asks, no, I don't believe in Area 51 and I do believe that man did land on the moon Ha Ha.

Best Of Luck Chaps/esses

Keep Safe and Keep the Humour Going

Still no demand for oil and plenty of scare left to keep this one on its toes

The deal was expected to happen but the wavy haired bullet brain is pedalling his BS yet again - he had to say something / make something up in what is an election year to improve his credibility following absolute drivel on C19.

Don't thing the market can sustain this price with the existing low demand.

Best of Luck all

IMO the countries that are buying the oil for their reserves at this price does make sense but let's take a look on the flip side, once their tanks are full, they're full and with global demand from air sea and road (as well as industry) not coming back anytime soon, the oil nations are going to have no choice but to reduce production and live with a low demand price for a few more months due to little or no storage capacity to store the black gold.

As I said, it's just an opinion but thought I'd throw it out there to the wolves....

Best of Luck

might see a bacon sandwich flying over the moon