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The big drop came because of oil price war and flooding the markets. Now all producers working together again is the biggest bonus, would have been mayhem otherwise. Demand is low but demand will return.GL
You should be sorry ;-)
"The actual cuts that will be announced from current production levels (not October 2018) are expected to be more than the 15 million bpd #OOTT" Amena Bakr.
An interesting weekend for the meetings. See what the final decision is soon. Aramco delay their price decision for another day due to Saudi need more negotiation time with producers.
Mexico president : Yesterday I spoke with the president trump about of the reduction of the production and we reach and agreement to reduce only 100 (not 400) and the US will be reduce the other part of Mexico’s share #OOTT #opec
That is Amena Bakr's tweet. I don't know if you can edit, but the maths works.
Interesting. The drop of oil price during the opec meet could well have been with mexico not agreeing, therefore the deal was not finalized.
Now it seems to be full agreed. See what sunday evenings prices throw out.
With the likely volatile weekend for oil this weekend should be another bumper weekend for PLUS. All building for the next interim results.
This seems an excellent defensive stock and a rare dividend paying one. I'm glad to be on board.
It's easier to just go direct to plus500 website. If link doesn't work just Google it and look for plus500.co.k
https://www.plus500.co.uk/Investors/Dividends
Denby I was just doing the sums for the potential dividend for H12020 it's going to be huge if the 2and quarter is anything lik the 1st. Ex divi date around August time.
H2 2019 declared divi is 30.52p per share and will be paid on 13th July 2020.
"The Board reiterates Plus500's shareholder returns' policy to return at least 60% of net profits to shareholders (distributed through a combination of dividends and share buybacks, with at least 50% being made by way of dividends)."
I've read that statement 2 ways - 60% given back to shareholders of which 50% in dividends(ie 50% of the 60% of the net profits =30%) which would = $69million this quarter so far or $0.65cent per share.
Or 50% of net profits given as dividends which would be $115million or $1.07 per share. Figures are very rough and not taking into account actual net profit at H12020 eitherway looks like it will be a spicy divi lining up for H1. GL
One thing that SQZ can probably be termed experts at in recent times is reducing OPex and increasing life of assets. That's certainly a trait worth its pound of flesh in current climate.
As mentioned in AA chat yesterday transportation/liquidifacation costs of Gas from the states is touted as~$18 so putting a firmer floor on the price of gas over oil, again positives taken from the current production mix SQZ has. (However both need to increase to realise a greater MCAP) the O&G is fortunate to be producing whilst the world economy halts just unfortunate the commodity price hit rock bottom otherwise you could have turned these 1 month charts upside down :-)
Hard to find the pulse of the rise as the entire market is buoyant. Market reversal at the same time as a decent RNS would be the gold standard however I was hoping to fit the rest of my SQZ in the ISA, 2021 it'll have to be.
Okay, bbc,oilprice.com, ig, businesinsider and a few others all have it $34. Not that it matters really along as it's going up.
Where you getting your prices from Ferrotty?
Everything I'm looking at is $34 even $35 on IG.
So news likely monday and then wednesday/thursday. Both positive will likely claw back some value. Hopefully 2021 is a calm year ;-) if lucky enough to still be getting paid, this year is certainly offering up some decent investments with nothing else to spend money on. Apart from vegatable patches, big harvest 2020.
I think 7am monday will have an influence. Being over exposed in O&G has a very different feeling from the last couple of weekends. As it stands its positive news so I'll go with slight increase all the 7s 777p.
If 42p brent is achieved as Mr Putin would like that's a 23.5% increase from 34p so = 925p for RRE which would still be massively undervalued if RRE is making a profit.
Its currently bouncing around $34/35. A good end to the week. Hopefully cement some good news at week start
Certainly one I want to be in at the moment.
A couple of big news announcements next week.
A reversal will happen imo at some point and it's certainly one that will move fast. GLA