Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
OK well seeing as you can't string together anything meaningful, how about this;
Imminent multiple lockdowns across Europe, and rampant COVID in the US means that any hope of reviving cruise business has just been snuffed out.
All travel stocks, airlines included are dropping precipitously.
Carnival will now have to find several more billion dollars just to not go under.
The trading range was 9 - 11, I would suggest it will now be 7 - 9.
Just waiting for you to write a comprehensible message. I'm guessing you didn't get an A for English Language.
How is the cruising outlook at the moment?
Yes, was short RYA, but bought it back Monday, too soon, obviously.....
Would only consider buying sub 10.
Had a small length in Easyjet which I got rid of today, just don't want any airline length at the moment.
You can smell the panic and fear out there again today. This is a time to hunker down and wait until the barrage is over....
...we're in for a bumpy ride
It's 'trendy' to sell the oil majors at the moment, until people realize that they need to fill their cars, buy plastic, fly on planes, get their Amazon deliveries by diesel train and truck, etc. etc.
Yes, greener solutions are coming, but it will take far longer than people think, the money simply isn't there.
REally surprised by this weakness, seems there is intense selling pressure out there.
Hedge funds, or is it simply investment / pension funds seeking to move out of 'bad' stocks.
(So every pensioner can feel better each time they go to fill up their car....)
Go figure and research very unwise.
Can anyone translate this?
People cannot go on holiday if they are locked down, vaccine or no vaccine.....(which won't be anywhere near 100% effective anyway)
https://www.cruisehive.com/cdc-issues-warning-against-all-cruise-travel-worldwide/42932
Alyhels, not sure how you're gonna posi-spin that one?
Not sure who it is exactly that's turning this board into their own private *****ing board but it's getting really boring.
Maybe bury the hatchet and concentrate on what the SP will do.
Personally, I feel RYA is too high, only a small discount to where it was pre-virus.
The situation in Europe looks bleak for aviation for at least the next 3 months.
A few flights to the Canaries is not going to save things.
Sold this at 12.39 yesterday, bought back this morning at 11.76, wondering if I was being too prudent, but it's instantly back to 12.61, where I've sold it again.
Things not looking good out there; even Switzerland and Denmark are now rapidly increasing their caseload of CV19.
Any idea why BP is getting harsher treatment than Shell or Total?
I tend to think that the hedge fund plan here is to squeeze as many small to medium investors as they possibly can, to the point where they say 'OK, BP and oil are done for', cut their losses and get out.
At that point the HFs buy back in and make a tidy profit.......
I am a prime example of a potential EV buyer - I like the tech, I like the green credentials, and I like the low fuel costs.
But they are simply too expensive; even with government subsidies, you can buy so much more car from BMW or Audi for the same money, that it simply isn't worth it (to me anyway).
Prices will come doubtless come down, but not tomorrow, and petrol and diesel will stay at bargain prices for some time yet.
I reckon I might end up buying one in about 3 or 4 years time.....
Thousands more will die anyway, no matter what we do. There is no effective vaccine against the virus and won't be for quite some time.
Millions died last year of malaria, TB, cholera, Ebola, yellow fever, etc. but no one gave a crap. Now we are all committing collective suicide because of a disease with a 99.8% survival rate.
We are destroying the futures of our younger generation over something that we should really just learn to live with.
Not today it would seem....
I think RR and BP are completely different.
Clearly the aviation industry is in deep trouble, but BP is involved in so many areas, that although most are in some kind of downturn, it is a long way off being as bad as aviation.
Could there be a scenario where Shell buys BP or vice versa?
I used to be head of jet fuel trading for Total and here are my views;
SP drop here is overdone; someone clearly has an axe to grind (same for Shell, bit less so for Total)
Of course demand has taken a knock, but this will recover. Talk of us transitioning quickly to green energy is pie in the sky, the world still runs on oil and will for some time.
There is no viable alternative to Jet A1, so when aviation recovers, (could be well into 2021), this will help.
Electric cars are great, but still way too expensive and governments are too broke to heavily subsidise new purchases. Indeed, as sales increase, they will tend to remove them.
Wind and solar elec generation are excellent initiatives that are doing well, but electricity generation, in the 1st world at least, has never depending heavily on oil. It is mostly nuclear, hydro and natgas.
Petrol / diesel is cheap at the pump now, and there is no sign of SUV sales slowing, so as much as people talk the talk, they aren't really walking the walk......
Refineries also produce butane, propane and naphtha, the latter the essential component of plastics, which aren't going away any time soon either.
So yes, a 30% drop max, in the SP may be justified, but from 508 to 200? Not really.
I would say that the markets have already priced in some kind of vaccine being available for Xmas, because it's no secret, but as the SP clearly shows, this is not the end of the problems.
Firstly roll out will be very slow, and it will months if not years before everyone gets a dose.
And the vaccine will not be 100% effective, so airlines will still require airport testing to avoid flight restrictions.