Member Info for Boyobach

Having fallen below a couple of key trend and support levels, OP seems to have recovered and is back within the ‘normal’ limits established by those lines. Whether that lasts remains to be seen - here’s the current picture, complete with a speculative pair of blue trend lines based on OP’s previous characteristic rising trend. Don’t get too excited, however, because at that rate OP would, at best, only reach $63 by May.
https://invst.ly/puz5i
G’s sp has absorbed much of the recent fall in OP from $60 and may consequently be fail to react immediately if OP continues to recover. The ratio of G:OP reached about 3.47x at one point but is now back to around 3.2x . For that reason an sp of 190 looks optimistic until OP gets near to $60 (LCO).

More payments are due from the KRG, of course, and once these are fully back on track it may inject some life into the sp.

Agreed Bunks.
Much as I sympathise on occasions with Leem's pessimism, G has actually been best of this bunch (G, GKP, DNO, Chevron, RDSb) for most of the last four months (as I've kept pointing out):
https://invst.ly/puf3n

Cheers JL
If the 'Head & Shoulders' logo gave you options (including logout) then it means you are already logged-in. Otherwise it will just give you a sign-in screen. So just refresh the G chat screen and all should be good. Good luck.

Brent certainly back up at the support level - https://invst.ly/ptwt8 - a bit surprising. Conflicting messages about the virus - it isn't over and it seems a bit early to call the peak. This from CNBC
https://www.cnbc.com/2020/02/11/oil-markets-coronavirus-in-focus.html
extract:

“It is way too early to definitely state that the peak of the virus is in place, but optimism is growing,” INTL FCStone said in a note. “Prices will mildly recover in the meantime, as the virus slowly eases, and OPEC members lack any actions moving forward thus far on steps to support prices,” it said.

' if you chucked your money in amazon or the like then, you’d be up more in a week than being stuck in this or any other junk oil stock the past year'....

Yep - hindsight is a always right. G did marginally better than Amazon ever so briefly from their mutual low in Dec 2018 to November, also in spring last year. That's stocks for you! https://invst.ly/ptwkl . But Amazon is doin' good.

That's a big old gap in Amazon on Jan 31st - https://invst.ly/ptwl7 - and a bearish doji today..... I'd probably hold off buying just at the mo though.

There was similar price action at GKP early today - high then falling back. However GKP then recovered whereas G hasn't as yet. Last five days: https://invst.ly/ptsm3 shows G tracking closer to OP than GKP and DNO over that particular period.
G's performance since earlier October has been respectable given the market circumstances: https://invst.ly/ptsqp

We can't see the limit orders queued up to be filled. In the end it's the sellers that determine the price according to what they are prepared to accept.

Yes, Leem, I agree with you.

Just as G seems to be on the verge of genuine possibilities, external events seem stacked against it.
2020 does not look likely to be a good year in terms of OP. Coronavirus will hopefully be brought under control and markets will normalise, although the year's average price may suffer as inventories will have risen..
There could be some resulting business fatalities in the US Shale patch, indirectly resulting from the virus, unless prices recover quickly.

.... and finally letting go. Next stop the Dec 2018 low of $50.4 (LCO) ?
https://invst.ly/ptf9t

Brent may still be within a $1 of the red trend but it's now wishful thinking to believe it hasn't abandoned it as it is pressed flat to the pink $53.8 (LCO) ($54.2 OANDA?) support line :
https://invst.ly/ptbsd
I can't see it holding myself.

Hi JL - I don't usually use a mobile for LSE (or anything if I can avoid it - way too fiddly and inflexible and cluttered with ads) but notice that the log-in doesn't seem to always be automatic like it is from a laptop or PC. A phone will also tend to show you a previous page it has stored to save data - hence the old pages you are seeing. So I suggest you refresh the page immediately you go to the site and then log-in by tapping the 'head and shoulders' silhouette near the top left of the LSE site. The phone should have stored the password so you shouldn't need to type that in every time. Using the 'reply' button by a post should save you having to re-type the original subject lines too. Hope that helps.

something more recent regarding Hess:
https://www.reuters.com/article/us-usa-shale-hess/shale-pioneer-john-hess-says-key-u-s-fields-starting-to-plateau-idUSKBN1ZY2GL

Well done bunks for last week. 194 was nice but did seem too good to last in the present climate.

After a day in the sunshine on Thursday - catching up with GKP and DNO which had leapt ahead on Tuesday/Wednesday - G came back down to earth: https://invst.ly/pt0ks , still marginally up on the week despite OP on the edge of further falls.

As I’ve mentioned before, since the latter half of 2015 Brent has spent a good proportion of the time within or above the shaded trend lines here: https://invst.ly/ps-vh ,
spending only around 3 out of over 50 months below that area. However, it is now teetering on the brink of falling below it, https://invst.ly/ps-w7 , in which case $50 becomes the next likely support, with $44 representing the next level below that.

News and OPEC+ ‘talk’ (as opposed to action) sometimes briefly interrupts a downward path but ultimately the price will move according to the reality of supply and demand. So, with most indicators pointing to plentiful supply for the level of demand, there is little reason to suppose that OP is about to tick upwards and it seems that downward pressure will persist for the time being.

JL - are you using a phone app or a PC/laptop ?

Boyo 184
Wolfbag 188
Bunks 193p
Hawkey 195
wthoutt 198
broadland 200

The dots appear to be the same as they were in 2017, Hawkey.
Perhaps they are nearer to joining up the gas element now than they were then.....
I can't quite figure why they are not selling gas to Baghdad - Iraq bizarrely imports gas from Iran:
https://www.wsj.com/articles/u-s-plans-to-renew-sanctions-waiver-on-iraqs-imports-of-iranian-power-11581010758

Five days comparison: G v GKP/DNO/RDSb/Chevron and, of course, Brent
https://invst.ly/ps5h1

The main takeaways are that the three KRI companies started to move ahead of the pack on Tuesday for no obvious reason - certainly not OP at that point - and that G powered further early today, even as DNO and GKP were falling back with OP. G eventually succumbed to the weaker OP later in the day but has remained ahead of the others, because of the boost apparently provided by today’s two RNS.

Unfortunately G still hasn’t conquered the resistance at 193, red here: https://invst.ly/ps60t so it remains vulnerable to falling back if OP softens.

Nevertheless- a stunning three days.

Market reaction says it all.
G passing GKP in p per share.

By the way: Luay is now an Iraqi independent politician and the current Electricity Minister ..... so let's hope things have changed since 2015!

Ha! LMFSO! (Laugh My F* Socks Off').

Here's a guy who knows a thing or two, Luay al-Khatteeb, and a quote from him plus interview article from 2015:
'All oil deals between Baghdad and Erbil are doomed before they start. There is a history to this that goes back to 2007 and I have lost count of how many failed deals called “Erbil Agreement” there have been.'
https://www.brookings.edu/on-the-record/7-3-billion-on-krg-fuel-imports-could-have-been-saved-with-affordable-gas/

I must check what Luay is saying today.....