Member Info for crl123

More into TM than TA. More calming. Not my scene. But each to their own. Good luck to you . I work with range and company/news market factors. I have a degree in economics and pist-grad in macro ( OU) and have taught financial studies and maths for years. It just doesn’t sit with me. If it works for you...great.Whatever floats your boat. It does my head in...I couldn’t handle all tge bloody charts when studying!! Not a good example eh?? I analyse companies first and foremost. But I respect your ways if it’s good for you. Glen really is a volatile beast though!!

I’m still comvinced that’s a medical condition. Yes I know it wasn’t funny first time round either.

oil is being properly valued now that the supply demand curve has flattened and shale proven a red herring. Oil could see another 10 dollars if the June deficit really comes about. Let’s just get rid of BIR/MEEI early. And then CLN’s. This is still cheap.

I can’t access link from Malcy on iphone. I’ll look at home. Confounded...games from MM’s . In real terms you could sell at 26.2 this morning and it fluctuated at sells right up to 26.9 at one stage. Dummy trades are the only real way of knowing. Advertised price is a joke and not related. But I am holding all my Trin to the real price ...infinity and beyond. Trin should be well into 30’s and 40-50’s post debt. Higher on expansion to 7k barrels. It really is a gem now we are partially revalued and the market is being real.Long way to go.

Who's holding the rubber band ?? Trin produces at sub $30....SPT or not . SPT is almost an irrelevance from $64. No standard PPT . It's like producing at $29.6 and selling at $59 with no tax (minimal unemployment levies and ORR) , On a very simplified level that is $29 profit per barrel. Approx 100% profit. I'm sure (and hope) GO will correct if needed. trin should be flying higher than Tullow today...(up 5%). BP and shell 2.5%. Trin drops. No logic..maybe just want cheap shares. Who's holding the rubber band...?

disappointing start considering events.

Yes. In the main it ought to provide instability to real and perceived oil supply. This pushes up prices as the suppliers can ask for more in a tight market. It’s like having a monopoly on tie-die shirts from Mr.Byrite. You can name your price. . Could contribute several dollars a barrel.

A lot of prople lost a lot of money. I only lost a bit. Managed to get put early. Some lost everything of course.I lost it all in Northern Rock and a stonk in RBS and Lloyds back in 2008. It hurts. But it’s history. You have done well.

U still holding PFC? I thought you’d’ve cashed a profit by now. Tomorrow may indeed see a bounce!! Hope so for you. I hold none now.. £3.63 is good price for Glen. You will hopefully do ok. I hold more than 50,000 Glen. Higher average. Will just hold if it doesn’t reach anything decent. Glen is as solid and astute as it gets.

Not ! My choice though. Always. Yer lives yer learns. (Sometimes)

loss

I held PFC at £5.20. Huge amount. It got down to £4 3 months ago. Never thoight it’d get back up. I sold out at bit of a liss. Should’a held. Fear and greed eh?

Thanks.Appreciated

shale-fail

I know much analysisi which has not been made public (restricted to subscribers). oil supply demand shortage predicted for June but the media don't like it. they try to boost the shale PR. Sale-fail. It needs to go sub surface tier drilling...and this has proved inefficient. shale cannot fulfil its promises. trum is probably aware of this. permian basin in texas is only doing ok 'cos it's so cheap. bakken is restricted 9weather). shale produces only 5% of supply. venezuela struggling to produce. OPEC cuts seem to be working. Demand from India is booming and set to increase exponentially.first deficit for an eon is predicted by very reliable sources for June. We shall see.DRC issue certainly dominates Glen atm.....but Glen is a producer and trader of oil !! this is not bull****. Watch this space re. oil price. Oil -like the stock market- overshoots its potential. It was $140 only 4 years ago.Shale has become a red herring and it's payback.We mustn't forget that the marketing section of Glen allegedly was the most profitable.Glen are traders as much as commodity sourcers. Next few days will possibly be fascinating on the market. Perhaps not...you can never tell.but you BP and Shell should respond well tomorrow.. I'm hoping the market favours Glen finally !! I have much invested.DRC will be ongoing for a while IMO so it's a no-know from me.

Kind mate . Thanks ! My life has revolved around oil (WTI mostly) for the last 5 years. I have become inherently oil-addictive and tuned-in. Lost all i had in the gold and oil slump 2014 (�300K). (POG 15:1 Rights Issue and Trin �1.20 to 1.5p and then frozen). Bought Trin back during refinancing before freeze at down to 1.5p. now 26p. Recouped all that POG stole from me (stole from others across Europe too. I will never forgive Hambro and his company for that He led us all on with false promises).hence my fascination with oil (Trin).i was buying glen well before all this. 41/2 years from Hell. My posts are because i am a friggin' oil expert now ..I just didn't want to become a bore to others.Cheers for the sentiments..

Exactly . But I am bewildered as to why oil is not more bullish. Maybe it'll take a little time. it is a serious supply constraint at a time when supply is already perceived by many as being under threat. We'll see tomorrow.man@ca...yes...it affects trin and affects the Middle East and has massive potential political effects in addition. It is probably more of a world-wide influencer than N/S Korea.

Sorry for all the posts. All i have is in Glencore and oil. I am utterly confounded as to how Glen may react tomorrow. It is one of the most volatile shares I have ever owned and can go two ways in a day !! Brent 75...WTI 69.2 does this benefit glen in any way? Long term yes........short term (8;00 tomorrow).....no idea.last post Over and out

gathering pace as we write.

This tightens oil supply at a time when demand is expected to outstrip by June anyway. I'm amazed the market has not reacted more bullishly. Whew...well.....he did it after all. Big implications rippling across all quarters here !!!