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Yes agree , if you have substantial shares and will have the right to buy increased shares at discount price which will only rise with oil price it could be a winner all round
HL is only 5.95 per trade
When US opens anything can happen either way, we shall see
It matters nothing what people say on here to try and weaken or improve the share price it’s the POO that counts
As I write this yesterday POO up and so far Today POO up .
Yes I think stable is good at the moment , set a decent baseline , will creep up with oil price or down but looking today oil is up abort on 1.8 as I write this , tomorrow will be interesting , I expect the 0800 surge then the 0900 sell or the other way round it could be touching anywhere between 28 and 35 tomorrow , it will be one of the most traded of the day along with TLW
As I write this Brent up 2.3% which is why we have not seen the doomsters or Thursday 4 o’clock club for a while ....
It will be Bull market central till at least Thursday
Not me I am on the bus and my ticket cost 16p , looking forward to the rise
The deal is done the biggest ever cut in History , was never in doubt . Too much at stake for everyone. It will be 19 M bpd by May 1st ,
When this news gets released properly there will be a scramble for shares of PMO , you will be lucky to get in under 35 at trading start Tuesday . I am going to revise a close of 37 now based on the deal
When this deal actually filters through by Monday there will be many many buy fill or kills raised by small investors panicking they have missed the bus by offloading at 1400 Thursday - Tuesday open 35 at approx 0900 the same said impatient people will sell and it will drop to around 33 , it will then build to finish around 35 at Close
There will be cuts as expected , the main hurdle has been passed in that they all agree on the cut . There will be a work around of drop in US as a interim measure . To say Mexico have scuppered the deal is plainly wrong the deal is they all agree to cuts ‘
The talks have not finished yet, G20 will continue today Mexico will cut eventually itself or be covered by USA . There is also talk of cuts within USA states . Everyone agrees there needs to be cuts on all sides I believe the deal will be 5million ish by G20 bring around 15 Million , like I said it’s still being thrashed out and will happen .
35 finish 36
Give it time a shorter will come soon and poo poo it
More oil cuts
@Amena__Bakr
Gripping what court case are you talking about ?
Yes the bargain here when it was at 16 pence , it’s a waiting game and many of us have already got on that , seen and will still see that grow , this is all about being patient , if you can’t be patient then your doing something wrong and will never be a good investor.
G20 will announce more albeit smaller cuts this weekend, lockdowns being lifted in China and elsewhere , demand increasing with reduced supply . This is only heading one way , it will open at 35 plus on Tuesday and ramp up to around 41 this time next week . If you got off the bus you got off too early, the market will react slowly then gain extreme pace .