Member Info for Auson

Mrd5432,

Its a moving target as the US Dollar reduces in value every year.
For $100 this year would need to block the Strats of Hormuz and more drone attacks on Aramco.
Do you remember that guy ( Pierre Andrand ) who said Oil could go to $300 ?

shaw007,

Well TLW have just discovered a lot of heavy oil
and sell more Brent grade than WTI grade oil

shawz007,

Yes its got expensive because of a need for it not a want.

shaw007,

I'm struggling a bit with that analogy, not many people 'need' to fly to New York but everyone needs energy.
530,000 net long Oil contracts seem to think its will be going higher than $65 Brent

Is Oil going to $100 a barrel ?
https://oilprice.com/Energy/Oil-Prices/Is-Iran-Preparing-To-Send-Oil-Back-To-100.html
Cargo of Oil sold for close to $100 a barrel.
https://oilprice.com/Energy/Oil-Prices/The-Worlds-Most-Expensive-Oil-Nears-100-Per-Barrel.html

Trump now controls the FED, QE ( not QE ) 4, whatever it takes and the plunge protection team.
Historically most recessions are preceded by a huge oil price rise.

Treacle24,

Crispin's not short here anymore. Hes had some very good wins recently. He goes long too. Plus500 and SPD for example.

Key Group Holdings hold a lot of big Oil and Gas players stock.
https://whalewisdom.com/filer/key-group-holdings-cayman-ltd

tony9999,

Got anything more constructive to add, care to elaborate why we won't see the lofty heights of 200 again ?

treacle24,

They already had a short but they increased it by 0.11% to 0.8%on the 15th, there may also have been others joining in. Could be worse this time last year they were 1.48% short

Shorted us the 15th. I did say the rapid drop looked like a short attack.

Room,

You want to buy after some more bad news ? After all the bad news we have just had ? That sounds incredibly risky to me !

ARCMHunter,

Nice data set thanks very much for that.
Does that put their average somewhere in the high 70s ?

Mrd5432,

andy.p anyone ? was telling all PMO was sell at 60, then it ripped up to 150. Once the financing/ RI is sorted looks like 200 is on the cards over there.

Tradelong,
'the best we may see this year is 60p' ?
We've already seen 66p and its very early days in the recovery.
You can sell reduce/ trade its your choice.

will the real downbutnotout please stand up ?

Panr is going to be ok though isn't it Jay Cheetham 's strategy is aligned with shareholders.
Are you still in there DBNO ?

Mrd5432,

Do you remember Beetham some years ago over on PMO, I believe he bought approx £1m Enquest around 25p. As we know hes seen that drop to 15.6p looking alright for him now though. He did a similar thing with Premier buying in 40s.

vengor,

Because its a good RNS ?

Mrd5432,

I was in a similar situation with TEVA on the Nasdaq. Massive debt ( above $30b at one point ) CEO ousted a series of bad and very bad news events/ management decisions far worse than here, declining revenue, increased competition, lots more shorts than here, lawsuits then the Opioid legislation.Hit $11 a share recovered quite quickly to $25 after new CEO and divestments. Its still struggling now. Warren Buffet has bought in.

Mrd5432,

Never mind 2021
This year is going to be interesting.
Did you read the PMO RNS yesterday ? The Rights issue and placing still got to happen there first.