Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is the classic, people selling short term on results without looking at the bigger picture, the massive structural bull story for oil.
Oil is going to $100. This is cheap and lots of unhedged volume. Buy the dip.
No idea why this is down today. Happy to keep buying at current level, its a gift.
Ok Gl happy.
In the current market you sell growth buy value, and looking at what Happy buys vs sells, he's doing the opposite so I wouldn't worry about him.
Yes potentially that is the case. But the oil market remains structurally tight so no one is selling anyway.
Doesn't he mean PE, so roughly 3x current market price.
The broker note came out friday FYI, not that it matters.
My bad, didnt realise new broker note out.
Wonder when they will decide to close. Feels like one could be reducing today.
Oil Traders Plow Half a Billion Barrels Back Into Futures Market
By Alex Longley
(Bloomberg) --
Money is gushing back into oil.
While total holdings in the main oil and fuel futures contracts collapsed late-last year, the first few days of 2022 have seen almost 500,000 contracts added to the oil market. That’s the equivalent of almost half a billion barrels, a sign that the new year has begun with a flurry of liquidity in the crude market.
The burgeoning flows underpin a resurgence in Brent crude prices back above $85 a barrel in London to about $1 shy of a multi-year high set in 2021. With the omicron variant appearing more mild, the International Energy Agency said this week that demand appears to have been faring better than expected in recent weeks. One hedge fund has even been eying $200 a barrel due to a lack of exploration and investment in the longer-term.
The holdings have increased at the fastest pace since 2019.
I bought yesterday. Think this is a good late cycle play.
Fair value here is about 60p. This has much further to go. GL
Higher input costs and lower margins are likely to continue for the next few years, so I doubt this is going up anytime soon. But good luck with your trade into the summer.
I think they could also profit warn like Boohoo. Im Short here.
No idea what you are talking about... What did I lie about?
Keep buying cane and i'll keep selling. You will make me rich.
Most of the recent selling hasn't been shorters it has been longs reducing or closing positions. I love how everyone on here just assumes a downward move is a shorter. Wait for the the broker downward revisions. I have been saying for months that margins are getting squeezed, its obvious, costs are increasing and with companies like Boohoo and ASOS they cant past this on to the consumer very easily.
from 10:23
"Looking extremely oversold on the RSI- bounce back imminent. Great buy for the patient investor. Surely from here, the upside will be more rewarding than shorting? Anyone with half a brain can see that"
How's that working for you, you planning on saying this all the way down to 50p?
You are clueless. You don't see any readacross then?