George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Careful chaps - "Strategicinvesto" is paid to ramp this share or connected to the company (IMO). He is on here and Advf n but only posts positively about KMK no other shares.
This article is fascinating . JP Morgan said $190 oil was possible back in 2020 when priced $40 mostly due to chronic lack of investment. This seems to be playing out perfectly and now Russian oil is off the table also!!
edition.cnn.com/ 2020/06/18/investing/oil-price-spike-jpmorgan/index.html
Pierre Andurand, runs a very successful hedgefund and is one of the top commodities traders in the world but i'm sure he's a fool and "sundancer" from the lse knows more!!
"Some of the world’s most respected oil traders have predicted crude prices could climb beyond $200 a barrel this year owing to a growing international boycott of Russia and a lack of alternative sources of supply.
Pierre Andurand, one of the sector’s best-known hedge fund managers, said supplies of Russian oil into Europe would disappear in the aftermath of Vladimir Putin’s invasion of Ukraine, leading to a lasting reshaping of global energy markets.
“Wakey, wakey. We are not going back to normal business in a few months,” he told the FT Commodities Global Summit in Lausanne. “I think we’re losing the Russian supply on the European side for ever.” Crude could even hit $250 barrel this year, double current levels, he said.
Other veterans of the oil market speaking at the conference agreed that Russian crude and refined products such as diesel would not return to the European market any time soon, even if a ceasefire with Ukraine were agreed.
Analysts have estimated as much as 3mn barrels a day of Russian oil could be lost from the market.
Doug King, head of RCMA’s Merchant Commodity Fund, predicted that oil prices would soar to between $200 and $250 a barrel this year. “This is not transitory. This is going to be a crude supply shock,” he said.
Brent, the international oil marker, hit $122 a barrel on Wednesday ahead of a meeting between EU and Nato leaders in Brussels on Thursday that may result in fresh sanctions on Russia. Prices stretched as high as $139 immediately after the invasion of Ukraine, and even after the pullback from there, they stand 90 percent above their level at this point last year.
“I don’t think given the way things are going, this is a temporary problem,” said Alok Sinha, global head of oil and gas at Standard Chartered. “You now have to deal with this as a long term issue which means you need to find alternative supply growth.”
Tony proving himself the most knowledgable poster on here time and time again and for some reason still gets abuse... Thanks for spreadsheet Tony I personally believe we will see 130-140$ oil in coming months so those numbers could get much juicier.
GGG - Not sure about this. If you do the math oil is significantly more important then gas prices. Also aren't ngl's more to do with price of oil ? Please correct if wrong but believe Tony said we typically get 30% of oil price for our ngl's?
"For me the biggest catalyst the market hasn't quite cottoned onto yet is gas prices"
"commodity prices, in particular gas, are still at these levels in 6 months"
What is Zelensky playing at? To save rest of Ukraine from destruction and needless slaughter of his civilians/ army he needs to start negotiating now. Instead he is talking like he is in the stronger position when his army has been destroyed and now totally reliant on handouts. If he's not careful he could push Russia into a year lasting many years with the objective of taking whole of Ukraine.
"Ukraine's President Volodymyr Zelensky has said eliminating Ukrainian fighters in the southern port city of Mariupol will put an end to talks with Russia.
Referring to a town outside Kyiv that has been devastated by heavy shelling, Mr Zelensky told the Ukrainska Pravda news website: "Mariupol could be like 10 Borodyankas.
"I want to say that the elimination of our military, our guys, will put an end to all negotiations."
Borodyanka: 'There are a lot of people left under the rubble'
He said Ukraine would trade neither its territory nor its people, adding: "The more places like Borodyanka there are, the harder it will be"."
Earlier, Ukraine insisted its troops were still holding out in the ruins of Mariupol, where Ukrainian forces have been pushed back to the Azovstal metal works near the port.
Gusto1 - Agree I3E significantly undervalued but would love to see your math on why gas prices should have us trading at 50-60p alone. I believe the revenue for our gas per year even at these prices is still only equivalent to about 500 bopd of proper oil.
Probably was the SBS who done it. All of NATO’s special forces must be in Ukraine right now on sabotage missions.
Russians want this at rock bottom prices. Russian assets gonna go for peanuts
Chart is suggesting could see a bounce from 10p back to 30p. The chat here seems rather grim though looks like shareholders could get wiped out .Anyone have a bull case for PUR from this point forward?
Basu is great at getting photo ops and awards, shame doesn't help share price though. The Covid detector was billed as being potentially a company maker. Does anyone out there still believe this will make significant profits? Nearly 1 year ago since RNS stating Covid machine being trialed at the airport.
Paying the dividend would be terrible optics. The guardian and politicians will have a field day creating a media fury that could end in Poly getting suspended. Can you imagine the headlines "Investors making fortunes from Russian Gold" with a big picture of fatty Crispin Odey.
Its obvious what's going on. Rich Russians want this for as cheap as they can get.
Feels like this is being set up for a cheap Russian takeover. Expecting artificial drop then the holdings RNS's to come in. Russian's are hoovering up their bombed out assets at a fraction of their worth. Look at the POG holding RNS's. Kinross to Fortiana Holdings(Russian investment firm).
Anyone know the current POYFF price in £'s??
Why so angry ATart. Do you need to make up for having a small one by acting the big man on internet forums? Get over yourself.