Member Info for Auson

comeonvog,

Did you miss the bit where I said that was a comment by an Oil Economist on Oil Price yesterday ?
Have you read the article ? Are you sure its me who needs to do more reading ?

comeonvog,

If you say so, but a good comment written yesterday on Oil price by an Oil Economist disagrees with you somewhat.

'The news that oil companies have lost an estimated $1 trillion since the oil began its latest slide over a 40-day period since October demonstrates the importance of high oil prices to the global economy.

I have always argued that a fair price for oil ranges from $100-$130 a barrel. Such a price is good for the global economy since it invigorates the three biggest chunks of the global economy, namely, global investments, the economies of the oil-producing nations and the global oil industry.'

halfpenny,

I agree its nothing to do with Trump taking it easy on MBS. Saudi and Trump agreed to steal market share from their mutual foe Iran. In exchange for this Saudi would pump ( or actually according to an engineer on the ground who knows the wells, release from reserves ) but lie and call it production. In order to stop the inevitable price spike over $100 but Trump has back peddled ( it was all for the mid terms ) He even mentioned it yesterday $150 a barrel he quoted and thats probably WTI

Lamperell is up 4.1% already ! Still some confidence in the oil market then.

H-hi,

Retail, charging firms... please. What do you think will happen to Shells SP if Oil falls much further ?
Do you honestly think retail and car charging will help their bottom line ?

H-hi,

Care to hazard a guess at Shell's current net debt ?

Bulent74,

What was your prediction for the top when you sold at 40p I wonder ?

Ta-trade,

Don't buy Bulent74 said so and he sold PMO at 40p so he knows a thing or two about value !

downbutnotout,

I'm not worried about your trades mate thats your business just pointing out the change that 99p was a bargain for you a few weeks ago now 81.5 is a good price. Makes no sense. I know you like WTI so are you looking at $57.30 ish as the resistance ?

downbutnotout,

Whaaat you were calling for a 99p buy in just a few weeks ago now your happy to sell at 81.5 ? Whats really changed in the world in that short time ?

Bulent74,

$400m debt reduction $72 hedges, FTSE250, refinancing complete,Gas price up over 40% and some much higher broker ratings. Sentiment would have to be rock bottom to see 50s and low 60s

halfpenny,

Well either they have already increased massively or CNBC are using a different metric to the Nymex

halfpenny,

Where are those figure from mate and for what date, I've got comex showing net long positons last week at 381.2k with the peak showing 739.1k.
That said its still above the 5 year average and plenty of room for increases now profits have been taken.

14.4million shares bought and roughly 12m a day for the previous 3 days.

downbutnotout,

Perhaps a slightly longer time frame than today would be beneficial.
Its a bit like saying in exactly 1 hour this will be 82p but no higher.

Wassatt,

If you mean loose money to make money I think I'm on the right path !
But seriously Liberium and Numis are the house brokers so aren't they a related party ?

usacpc,

It said the reserve was not over £2.5m !
'Reserve not to exceed £2,500,000 (14% GIY)'

Mrd5432,

It looks like the oversupply might have been Trumps doing for the mid terms. I agree you might have a week or so to get back in but Oil is over due a bounce.

Mrd5432,

How do you arrive at 74 ? Why not just take some at 78 but hold for 140p ?

sain@vision,

Thanks for your reply and yes I follow that. Regarding the 60% LTV whats happened to commercial real estate values 2005 to 2018 ? My guess is up significantly so LTV could now be 30% unless it was refinanced.