Member Info for Jeffrey1979

Hi Jakers....I am overexposed to oil and gas at the moment so am just going to hang in there.....let's see if opec intervene....they wanted 90+ which seems like a dream at present

Thanks Jakers......I get the recession but if you look at history oil demand in recessions has really not decrease significantly and we have supply issues....just doesnt make any sense to me...I have some personal shares I wanted to sell but will have to wait it out for a while...

Hi
Can someone explain why POO is so low given the macro factors (russia, opec, china opening, draws etc)....all the chartists on TradingView are betting on oil going back to 60...not looking good at all

Comes good but I am a little concerned...year high of 36 and we are at a paltry 22. OPEC wanted 90+ and are currently sitting watching and I am not convinced they have any real leverage. Russian cap seems to have made no difference at all (happy to stand corrected). OP is crazy low given the macro factors and I genuinely cant get my head around it. All the est of $100 oil next year are quickly being forgotten and we are trending down to 60....

onedb....I like your optimism and I hope enq

Guys are any of you actually invested here?

Can someone logically explain to me why oil is going down...in my simple head price cap creates a floor, supply is constrained, china opening, the cold is coming, massive draw each week....small recession is the only contra....
Someone please educate me

Looks like it could be a rocky ride for a few months

https://www.telegraph.co.uk/politics/2022/11/26/water-windfall-tax-energy-industry-will-collapse-jeremy-hunt/

Nice article and live the comments

Sad that our debt reduction is not reflected in the SP - well I am heavy invested in here so will have to sit on my hands and hope OP stays high

Mute market response so far

Thanks for the encouragement but why does our SP not reflect this. The numbers are irrelevant given sentiment at the moment. Assuming this changes this will be a great investment but until then like you said a traders dream. Fancy giving lessons

Send us a link to the Russian cut pls

Krak you couldn't write it

https://www.forexlive.com/news/saudi-official-deny-the-production-hike-according-to-bloomberg-report-20221121/

Saudis just confirmed the increase was porkies......Brent like a yo yo

https://www.thetimes.co.uk/article/we-need-your-plans-for-growth-urgently-business-leaders-tell-pm-lsd7fkz55

Hopefully HBR and ENQ will be involved

From your mouth to gods ears

Peterston.....I love your optimism

Hope you are right but not conv8nced....some traders think this is the start of a significant decline....who knows....such volatility