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Ps, just read what has been agreed and its er..... nothing. Just warm politicians words, so no effect whatsoever, none at all. Greta will be most displeased and will vent her fury again at these irresponsible adults......
The climate deal with china is good..... because it represenets improving relations with the worlds biggest growing economy with whom we need a trade deal to boost oil consumption. The climate deal is politics and will not actually do anything to oil price in the near term
. Better relations with China is more important for the worlds economic prospects and so boosts the demand for energy overall . Good news.
Dont worry about this as there will be nothing to be negative about in 3 months time, in fact this board will reduce to a trickle of posts as part of the progress of this share becoming a "proper grown up " share that's as boring and predictable as Gary Lineker, but hes pure class ! Welcome to boring .......
I recocomed you read soder and stevo12 posts. Very informative. Also bear in mind, sp has kept at around 18.5 to 20 since launch despite creditors dumping hundreds of millions of shares that are picked up in huge tranches, oil price has stabilised at above 60 and may go to 70 when hbr cost of production b e point is in low thirties, positive cash flows are likely to generate billions of profit which will be free from tax for some years to come and dividend policy not yet announced . No broker is suggesting a sp lower than current level. So many here think the sp is at it its lowest. But, dyor.
https://www.cnbc.com/2021/04/16/opec-iea-see-bullish-oil-demand-in-2021-why-theyre-spot-on.html