Member Info for Itsaponzi

Going to dip my toe in here after reading the RNS Friday!!
Hopefully a little retrace monday but ha ho 15p or 20p won't make much difference really ..
£14 to 7p drop over 10 years has been a disaster but a recovery is now on and lots of upside to be added .
How brave shall I be as this will be my first buy since I sold and went to cash 6 weeks ago ??

Very interesting Mr C

https://oilprice.com/Energy/Energy-General/The-OPEC-Meeting-Could-Send-Oil-Prices-Crashing-Below-10.html

Agree oiluser when storage runs out then oil price will really tank !!
How low is the question ?? The likes of tullow Premier and Enquest will be obliterated to low single digits as they will have no buyers and will have to shut in production!!
Very sad times indeed but staying a live seems to be the order of the day at the moment.
Stay safe and healthy..

Oiluser I'm basically saying trump is full of s$$t and can't be trusted !!
If you believe OPEC will cut 15m barrels or anybody for that matter they are deluded and shouldn't invest on that assumption!!
Will not put 1p into this market until planes start flying and boats start floating and cars start moving ..

More chance me seeing Elvis in my local McDonald's !! OPEC losing 33% of their market share so they can support Shale its laughable beyond belief.
It's not like trump had made up stories before is it ..
Only savour investors got out on that rise .

Comments: Bob Watson, Ceo Of Abraxas Petroleum, San Antonio, Texas:"I don't think this does anything in the near term. Our pipelines have told us they don't have room for our barrels." Within eight weeks there will be major issues as production outstrips storage capacity, he said."If I wasn't fully hedged, I would have taken advantage of this opportunity to put more hedges in place, but this just doesn't change things. If our oversupply is so big, cutting 15 million barrels won't help in the near-term."I don't see any way other than letting the market drive prices down. Even the government can't fix this situation."

You got it in one Krak !!
There is zero trust between them and trump will double cross him ..
22m a day oversupply is ludicrous and brent at $23 is holding up well.
I have $15 penciled in sometime in April???

Y isn't AB buying at these prices he happy to load up 20p ??
2 for 1 now or is he waiting for 4 to 1 ??
Saudi will not cut they want to crush Shale and the time is right now and probably the last !!
The market is way to high considering what's going on in the world.
There will be another downturn yet and then a steady rise back to normality.
Stay safe everyone..

All oilys flying enquest about to turn red !! If oil drops back expect lower lows here so much more opportunities out there to make money.
Enquest is a dead duck with oil at these prices and will not break 10p unless oil sees $40 which ain't going to happen for at least 3 months ..
This will drift down to 5/6p now and then flip a coin ..

A good punt at 40p here !!

The WTI Crude Oil market broke down rather significantly this past week, slicing all the way down towards the $20 level. The market did bounce from there bit but on Friday we started to see selling pressure again. I think at this point we are going to test the $20 level, and if we break down below that level, it’s very likely that the market goes down much lower. All things being equal, the market breaking down below the $20 level probably opens up a move down to the $17.50 level next, and then possibly the $15 level. There is a major gap above, but we aren’t anywhere near changing the attitude of the market right now.
This is the reality now where enquest tullow and premier end up is anyone's guess??
But its definitely not a time to be ramping any stocks

Did I because I sold out at 25p and i definitely won't be buying back 8p !!
Brent at $32 and Enquest at 11p next week ???
I will call Brent at $25 and 7p next week ??
I think CV will escalate very in the UK and boris will lock you down Tuesday or Wednesday probably one week to late but stay safe ..
Ftse futures showing 4800 already...

It don't matter if its 8p 5p 1p I wouldn't invest in enquest with oil this low !!
There is lots more opportunities with less risk out there which will probably 3 bag from now ..
I also find with enquest it's very slow to react.
To be honest I would rather go all in with shell around £7 than enquest at 1p !!
Will enquest survive probably yes but I'm not willing to gamble on that ..

There is no chance of Saudi and Russia cutting on April 1st they smell blood with shale and the a perfect storm has prevented its self !!
No deal with trump after he double crossed them with the Iranian sanctions.
They want trump out of the white house and pain will be worth it in the end ..
But a lot of oilys will go under on the back off it.be prepared to see oil hit $15 / $20 oil in next 3/4 weeks ???
But you can keep kinding yourself that they will do a deal is totally deluded but good luck ..

Very angry but then again so would I holding oil stocks in these crazy times !!
Next few weeks will go into overdrive.
Can see oil hitting $20 and ftse 4200

Very Sad to see enquest in this scenario after how far they have come over last 4 years !!
2 years down the road with oil at $65 we would have the 60p party but the 6p party is more realistic now .
As you know I'm not invested anymore and will not unless things really change.
I'm still 100% cash and probably will be for a months more ..
Times like this lets all stick together and help others and most of all stay safe and stay healthy Amigos..
Enjoy your family and friends because that's all what matters in these hard times ..

I'm getting tempted now but will hold of for a tad longer !!
UK and USA in lock down will pull everything down further ftse will see 3800 in the next few week and oil $20 .
So where will GKP be then 35p ??

I'm getting tempted now but will hold of for a tad longer !!
UK and USA in lock down will pull everything down further ftse will see 3800 in the next few week and oil $20 .
So where will GKP be then 35p ??

Update was ok but market conditions are so bad not much can survive now !!
Personally I think enquest will survive by the skin of its teeth .
I'm a buyer of Genel 40p Shell £7.50 and Cairn 50p easyjet £1.50p legal and general 90p but not yet as lower lows are definitely going to happen.
UK and USA on lock down will see Ftse at 3800 Down at 16000 and oil at $20 then that's me all in ..

If Shell goes under then we are all doomed literally!!
Trying to find the is impossible but if oil hits $15 or even $10 then we could see 4/5£ Minimum??