RE: Value11 Feb 2020 16:52
I knew it would bounce from 15p, I didn't expect it to go as low as 14.6p today, anyway it will be a roller-coaster ride for a good few weeks IMHO, personally I don't think we are out of the woods yet but I hope I am wrong. The CMD will shut a lot of these Muppets and twits up, especially the dirty lot who are obsessed with water sports. I can imagine Dr T sitting there with a few biscuits and a hot cup of tea plotting and planning his water cut conspiracy, yeah he says we will pretend we are pumping 20,000 bopd and in reality it is 70% water mhahahahhahahah no one will figure it all out...all the while he laughs like Dr Evil... get real people, if there was a water cut issue, hur would hardly be planning to drill more wells in Lancaster.
Also, the fools who are sitting there sweating day and night that the Lancaster field will run dry any day lol get real, go and speak to a oil field mining and petroleum geologist and expert, that is not likely to happen. If you are that worried attend the CMD and ask Dr T himself.
My main concern still is this dam virus, particularly for the oil price .. hopefully if the rate of infections slows over the next 7-10 days then that might be a breaking point for oil to at least hold between 56-58. Personally I do not see oil moving to 68 this year unless Iran war takes place or another black swan event.