Member Info for gogadget

The oil pull back is because nethanyu said ready for talks with Lebanon. Took a gamble and pulled 100k from harbour today, straight back in tomorrow on the dip..

The pipeline attack is a tactical move to give Iran move leverage via Hormuz. The frustration is HBR has barely moved upwards with the oil price spikes over past couple of weeks but then takes a hit on ceasefire news. Positive note Brent creeping up a little above $95 again… hoping for a blue day tomorrow despite ex div…

This ceasefire is a farce… the Iranian proposals look the same as before US started bombing them. What have they gained. Nothing, except a angry Iranian whine that will carry out some kind of large scale revenge against Israel and US, and start this conflict all over again in the future. Looks like another TACO to settle financial markets.

Iran still requesting right to enrich uranium, control over Hormuz, removal of all sanctions, US withdraws from the Middle East…. Nothing has changed.

Country’s tax authorities get the biggest windfall already on increased energy prices as its based on a percentage ratio tax… yet they want more tax from oilers to refund the population who have just paid more tax to the tax authorities… greedy.

Bank of America expect elevated prices for remainder of 2026

https://uk.investing.com/news/commodities-news/bofa-now-expects-oil-prices-to-trade-around-100bbl-for-the-rest-of-the-year-4588077

$12 billion is roughly todays value of MCAP plus debt. So won’t be happening.

If Hormuz is opened in a month, I think oil will stay above $80 for the rest of 2026. Countries will need to refill those strategic reserves release, delayed production from shut in fields, damaged production infrastructure and the missing barrels back log from hormuz closure,

Now there’s the threat from Houthi’s closing the Red Sea choke point south of Yemen, 10% of global oil passes through this point.

Never know what to believe from trumps mouth… changes from one day to the next. Iran may not agree to talks and try to keep Hormuz closed as long as possible to cripple global economies so world leaders point the finger at trump for the mess that unravels. If the war was to stop today I still believe oil with stay around $80 till year end, field production has been shut in, facilities damaged, strategic reserves need refilling and the near month long delay in oil deliveries

Https://iranwire.com/en/news/150750-iran-denies-talks-as-trump-claims-constructive-negotiations/

Attacking Iran power plants will in turn affect Iran oil and gas production… large amounts of electricity is needed for pumps compressors etc… although I imagine a lot of sites should have back up diesel generators.

The 400 million barrels released by G7 is the equivalent to circa 19 days of oil that passes the strait. This release will also need to be replenished as it will jeopardise the future energy security of the releasing countries…

The hype around the oil release by the G7 has faded and oil rising again. Once these reserves are starting to dry up that is when oil prices are going to go crazy. US will soon be making “end of war” or “strait of hormuz open again” comments to manipulate the markets. Markets so volatile it’s hard to trade.

Ukraine war started in February and it was November before oil fell back below $80. Iran situation is totally different so don’t think we will see $60-$65 for many months. The storage reserves the the G7 are looking to release will also need to be replenished eventually

G7 talking about emergency reserves release. Uk gov got them selves in a situation where UK cannot quickly boost production thanks to mad Ed winding down the North Sea fields, he’s stubborn and ignorant and ignored industry experts. Interesting to see if a change of coarse comes.

Big Chinese oilers up circa 6% this morning

Big falls again today on airlines with fuel costs surging. Airlines stocks in Asia seen big falls on open.

Brent + 27%

Interesting to see how high oil goes and where it settles. Oil was too cheap to begin with and trump seems to think he shall dictate lower prices. Oil has been trading within the same range for 20 years, yet everything else such as food, property, vehicles, electricity etc has skyrocketed with inflation. Where do people predict HBR share price to be in 4 weeks? 350? 400? Who knows.