Member Info for epiphany121

Members - So, you bought PMO at 150p PLUS and you sold it five years later (recently) at 75p or under , and now you're the investment expert on ENQ?

I'm sure he knows more than any of us, Romaron. Whilst the market is fixated on the Enquest debt levels and isn't willing to mark the prices up, AB does see the LT value in the SP and so do most of us. The trade war needs to be sorted for oil to stabilise and Kramer has already warned Numpty of the dangers of escalation of his war and I'm convinced they'll get to tariff roll-backs in November. That'll bring home a Santa Claus rally in Brent/WTI and for us too.

GL all..

I didn't know you were thinking of a referendum in Sweden. ;-) Who knows, we may just have unleashed a tidal wave in Europe..

Lol, Gammon. I thought I was dreaming, but then I did hear numpty speaking through these lines. Cracking ;-)

Wow!!! Shalers pumping like mad and exports throttled, I'd imagine. Not good, and the only real hope now is a Deal Brexit and China-US trade deal (signed deal). We'll see how production is tracking from the EIA report tomorrow.

It looks like Aliaskent has been around for a while (look at posting history) and I can't see why he's been linked to the troll? You feed the trolls and shoot down people who genuinely may have something to contribute.

Doh.... mighty fine board this has become..

Short-termer - someone who comments/posts daily, on a hourly basis as to how the SP is moving, is a short-termer in my books. Maybe someone needs to be posting on a minute-by-minute basis on SP movements in order to be a short-termer in your books? God forbid..Lol. :-)

Spot on, Yellows...;-)

Yes, keep living in that fantasy, KO. A no deal Brexit will of course harm the UK, even if it's short term. You're a short-termer anyway and so you should be concerned.

That's true, but it won't happen. That's the reality I'm afraid.

I did already say on Friday that until tariffs start coming down, economic data will not get better in the US. Truce is OK, but is not good enough, and hence this 'fair' reaction from the market. Get a deal Brexit done PLUS start getting tariffs down and that's when a meaningful rally will happen.

Noted that ProPetro (PUMP), a shale drilling services provider, put out ops guidance that they'll have 18-20 fleets in Q4 in operation versus the 25 in Q3, due to customer budget exhaustion (cutbacks) and seasonality. I'd suppose we'll continue to see more of this commentary from the big services guns like Halliburton. Wait and watch...

Hitman - Yes, this is a good start to the unwinding of the trade war. The key is when tariffs actually start going down and that may take a bit more time, certainly not until Phase 1 is actually put on paper and signed. I'd wager that tariffs will start coming down a bit at that time and that's what is needed to provide relief to the US manufacturers and firms who want to make Capex decisions. That is when, I believe, that Brent will really move meaningfully higher.

Good luck..

Watch for more in the Numty presser

Oil up 2. Permian's up 6 - first up-move in a number of weeks. Mildly bearish, I'd suggest

Brexit deal is looking good, China US trade talk are going well. THat looks better for the economy and by extension, oil.

GL Longs..

Morning Romaron,

Yes, I do have a few of them on filter, and I suppose no harm from 'missing out on an odd useful post' can come from having pointless posters like Ponzi on filter. ;-)

No dearth of infants who claim to be investors/traders on these boards - what an utter waste of time!!!

A mixed report in line with API. Crude stocks up and products down. A small Cushing build.

However, production has hit an all-time high at 12.6 mmbbls. The shalers are still cranking it up - a last hurrah, I'd suggest. ;-)

Hello P,
Enquest has held up the best since September 13th, and that tells us a lot. PMO/CNE/TLW are all much lower now than they were on that date, vis-a-vis Enquest. Enquest may not have gone up as much after that event, but there's a lot of support now. I take comfort in that.

IMO, a Magnus type deal will need lower oil for longer. I'm hoping for that scenario to not play out. ;-) In a lower for longer scenario, there won't be a div, even maybe in 2021 - so, all 5 in next 12 months isn't on, IMO :-). We'll just need to keep monitoring rigs and Q3 results for shalers to figure out how capex is trending and that'll give us the direction of shale production in 2020. As things look now, down is the way they'll trend and with a China trade deal firmly in play next week, that should support the economy and oil in the coming months. Trumpy needs a deal to divert attention from his impeachment issues.. ;-)