The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
And BP paid 10.5 billion for BHP's shale oil and gas fields. They must have more money than sense if this is the case.
I remember listening to somebody with credentials talking about US Shale mentioning that everyone was in this blind with no real return figures to work on.
I have never bothered to reply to any of you posts, you only ever see downside or your cautious. How do you ever trade?
I tend to try and make money.....doesn't always work!
****=watch. Strange!
From Marke****ch
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 7.8 million barrels for the week ended Nov. 2, according to sources. The API data, however, also showed supply declines of 1.2 million barrels for gasoline and 3.6 million barrels for distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a climb of 1.9 million barrels in crude supplies. They expect supply declines of 2.1 million barrels for gasoline, and 2.03 million barrels for distillates.
Still declines in Distillates and Gasoline, America is pumping more oil than ever but having to truck ever increasing loads as the infrastructure is still not there. Shame about those tarriffs on the steel which is needed to build new pipelines. Brent now $71.63
Good to so that we held up quite well with the late fall in oil.
AlfaMale
I agree with you, but these drops in PMO pricing as you say are quite common and i know as the algo's start working they trigger stop losses which keep driving the price lower. I think i'm also a little frustrated with myself that this time i got caught with my pants down.This share just doesn't behave like anything else in my portfolio.
Let's see what the coming week brings leading up to the trading update, if history repeats there could be a quick rise possibly followed by yet another fall.
Hi all,
PMO fell from 145 to and touched 99p within a week. Oil fell $10 in that time, since then PMO has faired ok with oil falling another 2-$3. I still can't see how a company can lose almost a third of its market price without some manipulation. Just listen to the so called experts lure everyone in with talk of $150 oil, the next week we're swimming in the black stuff.
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 5.7 million barrels for the week ended Oct. 26, according to sources. The API data, however, also showed supply declines of 3.5 million barrels for gasoline and 3.1 million barrels for distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a climb of 3.3 million barrels in crude supplies. They expect supply declines of 2.4 million barrels for gasoline, and 2.2 million barrels for distillates.
I'd call that evens.
Well oil is now just scraping into positive territory and we are down over 5p, how does that work then?
That's the problem with this share, it doesn't just shoot back up. Lately its a crawl up and plummet down. I've never shorted a share but do both share holding and cfd's the latter not so well. When this country didn't ban shorting and most of europe did i felt it showed how corrupt our stock market is.
Premier down 5% on the back of .30% oil drop, i'm with Ros on this one, next time it gets anywhwere close to 145p again i'm out for good. This share is not goo for the heart!
I'd say we are slightly oversold, only a few pence off losing a third of the companies worth in a week and a half.
Oils lost $10 in that time admittedly but small caps always hammered.
Interesting bit from Dan Dicker (great name) between 6 and 8 minutes in.
https://www.bloomberg.com/news/articles/2018-09-07/oil-set-for-weekly-loss-as-emerging-market-contagion-fears-grow?srnd=markets-vp
They really can't make their mind up.
They will spin it any way they like. The build in gasoline and Distillates offsets the draw but i do not understand the near $1 drop in about 15 minutes.
Draw crude 4.30m
build gasoline 1.8m dist. 3.1m
I wish it was 57p not .57p
I'm with you on a high ave, but I have a sneaky feeling that things are finally starting to get going.
https://www.forexlive.com/news/!/crude-oil-trades-higher-saudis-not-looking-to-flood-the-market-20180719