Member Info for AlfaMale

Should have exited yesterday on mini-rally.

Feel that oil has further to fall - in down-trend since April, chart not looking favourable, and with trade-war shenanigans going on... who knows.

Capital preservation.

Really should have gone away in May, and come back on...

Next time!

Crude -3.4mln (exp. -2.8mln, prev. -6.0mln)
Cushing: -1.6mln (exp. -2.4mln, prev. -1.5mln)
Gasoline: -1.1mln (exp. -0.7mln, prev. -3.1mln)
Distillate: +1.2mln (exp. +0.5mln, prev. -0.9mln)

Primetime,
It was only a roughly $1 drop in oil over the last hour, so I'm only expecting a small build.
Asia oil trading overnight will likely tick it back upwards a few notches as it usually does.
Let's see!

The API numbers will be a build later tonight.

The direction of oil in the preceding hours usually gives it away, as those in the know get advance opportunity to trade the market. Such is their privilege.

"Anyway no more posts from me until market closes tomorrow."

Members,

You should be hanging your head in shame.

Around 7 days ago, you posted this on the Thomas Cook board: "I strongly advise all to sell as quickly as you can..." when the share price was under 5p.

The share price has now roughly tripled and is sitting at 14.5p today.

Probably better you just keep quiet, eh? You are not qualified to give financial advice.

I hope you have been back there to apologise.

Contrast this with tensions in the Middle East, the Strait of Hormuz, and you have a wild ****tail of volatility in the markets for the foreseeable...

Russia Gains Stranglehold Over Persian Gulf

https://oilprice.com/Energy/Energy-General/Russia-Gains-Stranglehold-Over-Persian-Gulf.html

Situation getting more complex...

Up another 30% today, back to 9.1p, after 'Member' predicting it was going to zero and telling everyone on the TCG discussion board to sell out and save their ass!

Well well ... let's hope nobody listened to him over there (either).

I should have taken a contrary position LOL.

Good weekend, all.

Well, let's not go that far!
Also bought back in today.

I did wonder when you'd pop out of your (ferret) hole again :)

Large fall, just like the DOW last night.

Trump has trumped, again. 10% tariffs on Chinese trade.

"Now we are heading North perhaps it is time to bring back the Friday Club."

Perhaps not.

Fair dinkum, TD.

If there is any doubt about future oil prices then SL won't be getting developed anyway. Not sure what the latest oil price requirements are for SL, but pretty sure they are still quite high. I imagine PMO will be giving away a large slice of the SL pie as they won't want a large % responsibility on such a development.

The company won't be concerned about short term shorting of the stock, or SP volatility, in the same way that you are.

If the rate of debt reduction is, and remains to be, sufficient to keep the banks happy, then I would imagine they would pump any extra spare cash into new projects rather than paying debt down more quickly. No dividends for a while either.

The business needs projects coming onstream regularly to fight natural depletion rates.

They won't sell Zama - it is their foothold into the prolific Mexican basin. At 25% share, the financing shouldn't be too big for PMO, what with Catcher at full pelt, and Tolmount online soon.

Debt is coming down nice and steady without selling off one of the crown jewels. They just have to balance new capex with continued debt reduction.

Tarth,
Keep it in your pants, old bean. Did I mention you?

One Members avatar disappears only to be replaced with another one a day later.

No escape.

"The Report of Iran capturing CIA spies is totally false. Zero truth. Just more lies and propaganda (like their shot down drone) put out by a Religious Regime that is Badly Failing and has no idea what to do. Their Economy is dead, and will get much worse. Iran is a total mess!"

Rub it in...

Groover - it's probably in their Employment Contract to accept such a raw deal!

Very unsavoury business.