Member Info for hasiba

Good morning all
Reading all posts today...I want to put to you this way that ,if you buy a gold bar now and after a few months the gold price drops badly, obviously you lost on what you bought as your timing was not lucky or correct but in reality you haven’t lost materially as you still have your gold bar but definitely will lose money if you sell now but why would you if you are not in need of money? Unless you are the type who panics quickly and sell to relieve your anxiety and then ends in anger and sadness and perhaps you want to see others doing the same to share your pains and eases you guilt of losing money and more so if you did this repeatedly..
Well To Leem..I don’t think shares investing is your cup of tea at present time and I genuinely feel your pains as I did over 30 years ago what you are going through now so my sympathy with you but now if you are not investing here any longer ,it’s obviously your extreme words of negativity in G and oilers are affecting some here and your timing again is not right too as we all still holding and some in substantial numbers including me wanting to hear a more balanced views and factually correct but not all dooms and glooms at the current time. Please try to do this then you are welcome to do this..
Turning to G and other oilers and thinking when the OP went down to less than $30 ,none of the common names went bust and some were more in worse place than now like Enq,tlw,pmo,Hur,G and GKP .
All of those now in a far better situation than before at a higher op than $27 in 2015!
I have not sold any and in fact I sold in other sectors to buy more HUR and pmo at current hammered down prices!
Holding assets like shares,gold,or property...all are similar and cyclicals so selling in downturn in not a good strategy unless you are a novice kind of investor..
Holding strong and walking through the storm as I did many times before!
OP will obviously be volatile for the short term but since the beginning of the year it has gone down by 30% and will rebound and in every oil producing countries interest to see this...as none is happy with this low OP a solution will be found soon..if not already in planning before the market opens again tomorrow....it is all additional fears adding to the current virus situation..
Any one betting for op rise tomorrow....just trying to be optimistic! Or may be not until Tuesday!
GLA and keep strong

Those selfish ones will be forcing the government and supermarkets to rationalise on all of us...
Like the attitude shale that is causing hardships to the rest of other oil producing countries ..

OP 2015 dropped below $30 lasted short few months to rise again over $40 and continued to rise ,so history is repeating itself but this time we will have a better consensus and results including Shale..
No panic here and I am loaded with G,Hur,pmo,enq and some in tlw but I have no fear for any of them...
All Political ..

Russia chose a perfect timing to punish Shale...
They will succeed to bring shale to the table then everyone is a winner including us!
Demand/balance equilibrium will take place and oil price sooner or later will go up again towards the $60. Russia has left another opec+ meeting door open without a set date...
SA needs and will try to add pressure on USA government to change its wrong doing to the rest of oil producer countries..
It’s not in shale interest to prolong this unprecedented op to go even lower..
Many small shale producers desperate for immediate solution or they maybe swallowed by big brothers but even those will have the share holders screaming at them for the massive decline in share prices and uncertainty of their dividends...
Will see soon but the market makers will do the playful act to maximise their profits in the very short term turmoils.
Hold tight

This has to be curtailed by today decision impact...
https://oilprice.com/Energy/Energy-General/Oil-Rig-Count-Increases-Amid-Price-Rout.html

I think oil price shock today will not last long and I expect a rally in op and stronger, stable and more predictable supply/demand balance with higher op resulting in curtailing opec power to hold the world at ransom as before.....their time is over as from today if they want to stay on their thrones and keep their people rich..and basically Russia played their cards right today...
The ball is now in the usa court!

Today collapse in oil price will be mostly felt by Shale producers who need at least $50 a barrel to keep their heads just above water. The big shale companies share prices have collapsed today with all this. Russia sets up the scene for uncertainty and basically wants to see how much oil other producers can flood the market with , and make it worse by not announcing any date for the next opec+ meeting. SA budgetary needs and their recent Aramco floats will be hit big times too because of the sinking oil price..
So why Russia did this?! Perhaps more political than economic to re assert itself as it can cause economic hardship to many Americans allies and damaging America shale production to curtail its power. They have left the door open for further meeting as “wait and see policy “ to give time for Shale to take the burden of sharing the world oil equilibrium rather than sitting pretty and watch opec+ cutting supplies and economic hardship for oil dependent countries and for shale continued increasing production and profits.
This burden of unfair responsibility passed to them by Shale which was the main beneficiary of previous opec+ strategy..
Shale is now having to think of either sharing its responsibilities with others to curb their production or go bust .
Either all benefits or all sinks.....not a hard choice for shale to take if they want to survive by sharing with others to balance the world oil..
I think SA and other opec big producers need to put pressure primarily on shale and not Russia at present.

Big challenge to shale and Current usa oil world domination....
SA in trouble as the agent is not delivering the goods this time....

Leem..and short term too as fears for shale sustainability will spook the market..

Good news and let’s see how the oil market will react and I expect op will now rise ultimately..

2002 please JL before Iraq invasion in 2003..thx

There must be a balance and fairness by shale be included in opec+1 to opec+2 and agreeing to take its share of balancing the demands and supplies for justice to everyone rather than now the usa produces as much as they like and to hell with everyone else....cannot have it both ways but obviously the do now and wants to continue...
I prefer no cuts for now until shale join the pack..

Yes Yes..for killing shale or keep them on edge and losing money by keep on expanding growth by the current diabolically created strategy orchestrated by the SA by the order of the orange face.
It is unfair for other oil dependent countries to suffer for the benefit of one rich country...

So if Everyone is staying at home,no schools or traveling and no industries working but alot of sneezing and coughs....me thinking what do we need the fu*king oil for..burning dead sick bodies or drinking it to sanitise ourselves ..

Why is so difficult..just yes or no as bunks suggested...
Ok how about no cuts but to agree on buy one and get the second one free...I am just trying to help!

I just heard SA delegates are lashing the Russian delegation in the back garden ...not sure why!

Yes let it get thrashed for the reasons stated before...as we are losing nothing but paper loss for a short while then big gains later...just hold tight

The deal to cut more results in keeping op in low range for longer and longer but No deal will cause pains initially then shale low production and many if not all will go bust and we will see op climbing up rapidly..
No gain without pain...

Bunks..if this turns true after the opec+ meeting then we are moving forwards to areal game changer that I was hoping for a long time to stop market manipulation by SA and the USA..
Fingers crossed!

Its funny when Dow risen over 1200 points a couple of days ago to well over 27200 .at the same evening I was listening to one of top hedge funds analyst talking about Dow needs to go down to 25300 level before rising again..
It is happening now and I feel somewhat more optimistic in a strange way that the ends is very near to this turmoils...just a feeling