Member Info for BareNeccessities

A lovely chart forming there :)

Providing Mexico don't play any games (as they are discussing their position as I type), I can see $45 Oil by the end of next week, if not sooner.

Expecting further rerating on Monday. I'm not calling any price, as I was would've been happy with a 27p finish on Friday morning on a continued steady rise, so 30p+ was a lovely surprise!

GL all.

*further cuts

They are due to meet in another 2 weeks to review progress, and will discuss either cuts into August if deemed necessary.

I guess it's an ever evolving situation as it stands. Still, OPEC agreement is a positive.

https://www.bloomberg.com/amp/news/articles/2020-06-06/opec-agrees-to-extend-output-cuts-as-quota-cheats-offer-penance?__twitter_impression=true

Wasn't far behind you. First tranche at 12p.

Shorts have reduced again. Be interesting to see how much more was reduced on Monday. I'd be staggered if it remained unchanged or increases.

Kudos for having the decency to say that. Many would deramp and share bash in your position right now.

This is definitely a beer drinking evening. We've been battered down or spinning our wheels for months. Long may this continue, Opec goes to plan over the weekend, and the black stuff continues its rise.

Great day. Been a pleasure.

Fair play Investor, you have been flat out on here today lol. Don't take that as a dig btw, your 30p call was spot on.

before the boat leaves. Then you'll probably be paying a premium to get aboard.

Only took an hour out to exercise and we're on the way to 30p!

GL all, esp longs :)

I was just about to say the same this re: gibberish.

Another attempt to spook. Anyone who hasn't seen the RNSs, new presentation documents on their website, dialled into the phone conference the other month, and looked at the detail, know this is a recovery stock on its way back. Lots of positive news to come.

Hold or buy and sub 30p still very cheap.

GL all.

...today?

FTSE seems to have responded well so far to the ECB data.

Citadel just crept above the 0.5% reporting threshold. They were more than likely already there lurking with a short position just below the 0.5%. So it looks like a bigger jump than it actually is.

Another for the filter bin.....

I ignore broker reports. Do the opposite. They want it at that price to clean up and force weak hands.

I'm holding until at least £1.

It's on Twitter stating that SA and Russi are reluctant to meet on the 4th unless OPEC resolves compliance with the countries that are flouting the OPEC cuts.

....almost every day in the run up to 11am, they drop the price/tree shake. Frustrating.

Can anyone with L2 access see how it's looking today, please?

Hopefully we close above 26p today!

Freedom - where did you hear that? Any links?

....on here today. That speaks volumes. GL all. Nice to see this heading north again :)

...today on the pull back. Was a bloodbath today sector-wide pretty much. Looking forward to the coming weeks. Hopefully Trump will agree something with China, or shut his trap for a few days at least! Lol.