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Scenario 3
Global markets continue to slow, US/China trade war continue / escalates, POO crashes again taking PMO with it.
There will be ups and downs along the way, I can only assume those advocating buying now are looking for short term gains / day trading only?
Target 55p
I'm staying out, the current wave down will take Brent back to the $50s and PMO with it imo, unless there's a massive draw this afternoon both will be going down rapidly imo.
Brent flying back above $63!!
Well done those that bought at 73p
GL
Hope you managed to sell before close, POO getting sold off, should be down again tomorrow imo.
I dont see any reason to buy yet or any time soon, a long way to go yet.
Look at the weekly / monthly brent charts, POO has turned, not bottomed out yet. The market has changed, risk off with no prospect of a resolution in US / China soon.
Target 55p.
GL.
First target 78p reached, next 55p
LB, the July contract maybe?
FYI, the current Brent price is $64.63
LB, Brent is currently $64.54, I assume you're looking at a different month?
Again, another low for Brent $64.
Another PMO bloodbath imo, target 55p
Support at 78p and 55p.
Make that down >4%, Brent in free fall again :)
Brent down again 3.5% @ $65.50, another new low.
Good luck for tomorrow.
You think people will want to be locked in over a long weekend?
Be careful. It's a SELL imo.
Agree, sell!!
Gap to 90p, support at 85p & 78p
No doubt the gap at 90p will get filled, although PMO has a tendency to overshoot, mid 80s?
Brent also looking bearish, back below $70 and the supporting trendline from January.
It's a sell imo, good luck :)
ENQ, has done well recently, short it now or wait until update tomorrow?
Positive RNS, oil on the up.
Today's closing SP predictions?
Excellent, confirmation from TD that PMO are out from the Chevron asset sale.
Delek confirms bid for Chevron N Sea assets
Tel Aviv, April 28, 2019. Delek Group (TASE: DLEKG, US ADR: DGRLY) ('the Company') announces:
Further to the recent articles published by international media speculating on a sales process for a package of North Sea oil and gas producing fields by a Chevron Corporation affiliate ('Chevron'), and further to its Periodic Report for 2018, which was released on March 31, 2019 (ref. no.: 2019-01-029344), the Company hereby informs that as part of its strategy to expand its activities in the international energy markets and capture additional operational and financial synergies, its wholly-owned subsidiary Ithaca Energy Limited submitted a bid in relation to the Chevron sales process and is in discussions with Chevron in relation to its bid. The sales process relates to Chevron's interests in the oil and gas fields Alba, Alder, Britannia (and its satellites), Captain, Elgin/ Franklin, Erskine and Jade located in the UK North Sea. To the extent that any transaction is concluded between the parties it is anticipated that closing would follow in 2019 and would be funded inter alia through a combination of conventional non-recourse debt finance and existing resources. It should be noted that there can be no certainty that the submission of a bid or any subsequent discussions will lead to a binding sale and purchase agreement or transaction being concluded.