RE: Brent31 May 2023 11:44
Question is what will OPEC do - they have made threats - if they dont follow through it will make a mockery of their role, however I am not sure what difference deeper cuts will do. Look at last month, jumped and the gaps was filled and fell back. Dirving season having no impact, draws having no impact, general market instability with USA and recession drving equity/commdoty prices down. O&G in the UK is done for unless the Gobvt intervene asap with a floor or removal of the EPL. Iam down 100k across my portffolio - really crazy times!!! cant see a silver lining. Will wait to see OPEC and then may sell up at a 40k loss on enquest...AB needs to do something fast before he is shorted to death. Can someone give some balance ot my negativity. Anyone looking to invest here - stay away for the short term!!