Member Info for EmeraldCarrots

IMHO. Some good news recently yes but as far as the price of Brent crude goes people need to have a reality check. As type this Brent is $21.58, around $15 off the minimum most even non shale Co's need to survive in the medium to long term.
All IMHO. Article:-
https://oilprice.com/Energy/Crude-Oil/Fleet-Of-28-Saudi-Oil-Tankers-Could-Send-US-Oil-Prices-Crashing-In-May.html

Maverick.
Brent and WTI oil prices ARE connected. You can do more with Brent that is why it usually commands about a $5 premium over WTI. If the price of WTI collapses brent will get dragged down with it. This is why Brent is currently $20.44 and WTI $13.27. OK the difference is around $7 at the moment. They are linked because a lot of stuff you can make from Brent you can make from WTI and visa versa.
All IMHO.

I'm astonished American Oil Co's are still fracking, drilling etc.. I would have thought having briefly had a minus $38 price for May WTI oil they might have taken the hint that there are almost no customers to buy the oil! Those who invested heavily in shale oil will be losing an absolute fortune. They need to stop all fracking and all new drilling IMHO as doing any more is crazy from where I'm sitting.
All IMHO.

happen again in a few weeks? WTI CFD chart shows WTI : $12.79. last time it got down to about 9, then just dived to zero in minutes, if not seconds. Anyone have a handle on what might happen?

Didn't Odey loose a fortune on Rockhopper a few years back? He's had his share of disasters I think.

supply continues, obviously as cuts don't happen until May.
WTI cfd's now $12.11.
In all honesty I think this is going to get a lot worse before it gets better.
All IMHO.

http://www.livecharts.co.uk/MarketCharts/brent.php

Let's face it with most stores still open for asking what you want at the door, click and collect, or delivery to your house they must be busy. Add to that the lockdown, peorple wanting to get out and exercise (buy a bike?), plus people wanting to avoid public transport (cycle to work) it's hardly surprising the stock levels are taking a beating. I have a feeling luck has been on Halfords side as China and other countires are now coming out of lockdown, so replacing the stock is becoming easier. Interesting they were sold out of the most expensive £2,999 electric bike but it is now in stock. Also other models have come back in stock whilst some others now limited stock. They must have had a major delivery quite recently I think. Low was around 55p, now pushing £1 having been over £1.60 before the virus.
I hold. I am hoping they re-instate the dividend. A good possibility IMHO. They the sp will take off.
All IMHO.

but I think all can see why it may go down more. Loads of articles warning storage is running out. Plus the cuts don's kick in until May. Disaster waiting to happen?
All IMHO.

If the storage runs out then the market will cease rrading I presume?
All IMHO.

until May, and I would have thought, even if they are enough, will take a month or so to affect the market. I fancy Brent is going sub $18. Just a matter of when, not if IMHO.
All IMHO.

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in the countryside too of course. This lock in frankly IMHO will have done wonders for cycling in this coutry.
Hundreds of thousands of people will have either bought a new bike, or fished their old one out just to get out of the house and try to get fit. How many bikes had flat tyres? New tubes, new tyres? Then, a load of those who forgot how good cycling is will be doing it for years to come.
I was outside Halfords Enfield (A10 one) @ 4:40 earlier and there were about 10 people in the queue outside. Note most still think they shut @ 4:30 but it's 5.
All IMHO.

My gut feeling is the majority of children have already had the virus. Schools perfect for spreading infection. Unfortunately taking it home to older members of the family not good several weeks ago. I think about half the uk's entire population have already had the virus. I think the survival rate is extremely high, but those unlucky few % still die, maybe genetic reasons, or how much dose they got initially. Of course a well meant kiss from someone with resistance (but still full of virus) could be the kiss of death for some. Worth bearing in mind.
All IMHO of course. I'm no expert!
https://uk.reuters.com/article/uk-health-coronavirus-prisons-testing-in/in-4-u-s-state-prisons-nearly-3300-inmates-test-positive-for-coronavirus-96-without-symptoms-idUKKCN2270RY

https://uk.reuters.com/article/us-global-oil-turmoil/when-oil-became-waste-a-week-of-turmoil-for-crude-and-more-pain-to-come-idUKKCN228059

$26-$27 just 3 days or so ago.

in this lovely weather to see the countryside and keep in shape.
Looking at the amount of cyclists around recently it is quite amazing.
To me Halfords simply must be benefitting. Let's face it they have litttle competition and the reputation to deliver.
Keep well all.
All IMHO.

ant the moment. I JUST DONT UNDERSTAND WHY !!!!!!!
Most Halfords branches are OPEN.
And of course they have a WEB site selling bikes (which they now have plenty of stock of), fitness training equipment etc.....
Visit shop, or click and collect or delivered to your door.
I hold some of these strangely enough.
All IMHO.

They said stock gold was worth $17m at 31st March Gold price which was $1,500.
11,000 x $1500 = $16,500 (?17k).
11,000 x $1,725 = $18,975.
$18,975 - $16,500 = $2,475,000 more.
All IMHO.

· Liquid assets (cash and gold) of $25m ($14m at end Q4 2019)

o Cash of US$8m (US$9m at end of Q4 2019)

o 11,000 ozs of gold inventory on hand (2,900 oz at end Q4 2019) worth approx. US$17m at 31 March 2020 gold price.
=======================================
The 11,000 ozs of gold would be worth $2m more now.
All IMHO.