Member Info for JiffyBag

LW,

'But on another oil BB, someone said he's sure the Chinese figures cannot be trusted '

For now, we cannot ascertain reality that is for sure imo, too many opposing scripts, the bottom line to concentrate on for now as far as HUR is concerned, is what is our strategy going to be for 2020/21.

Lancaster and Halifax? that is where the money tree lies, imho.

Say no more Squire! :O)

Sharebel,

'Yes Latino just heard Matt Han**** say that they’re getting a new tech solution in to get the results back to people quicker and we have a lot of people on it.So....that’s a very positive chance that it is us? '

If it is, then surely an RNS is due is it not?, would have thought so if NHS are using NCYT kits etc, we will have to wait and see what transpires?

LW,

'If the Russians agree to SA's proposal for further cuts, the price should, IMO, get back to $55 quickly.
If not, I suppose it is could fall further.'

We will find out tommorow for sure, but initial signs of Russia not agreeing sadly, are stronger simply becasue Russia are content working on a base price of $50 wheras Saudi require $80 plus!.

We also have to add potential output increases from Libya, Iran,Iraq, and most of all the USA!

Very difficult I reckon to predict what the Oil price will end up being in 6 months time, maybe SA will take most of the required 1.5M Bopd reduction/pain in the short term, who knows.?

https://www.aljazeera.com/ajimpact/opec-meeting-russia-cagey-oil-cuts-200302141913065.html

Re China:

One may gain an insight perhaps in the ecovery of economic activity by monitoring traffic congestion in Beijing .

Average congestion in 2019 was 60%, Today peaked at 30% :O)

https://www.tomtom.com/en_gb/traffic-index/beijing-traffic

EB
What may be going on in the backround, is what your really need to think about, ie CA's 24millio share purchases??

Fred,

I was thinking in terms of Ineos buyting Spirit not HUR?

Looks like Ineos are taking an interest in Spirit Energy, as has already previously reported, but Danish licences article is from yesterday :O)
https://www.energyvoice.com/oilandgas/north-sea/225872/spirit-energy-sells-danish-licences-to-ineos/
https://www.upstreamonline.com/weekly/ineos-takes-lead-in-race-to-control-spirit-energy/2-1-689408

That's if one can believe the figures coming out of China?.

LW,

Latest CV Figures:
https://www.worldometers.info/coronavirus/#countries

China Recoveries, 55%, Serious/Critical 8%, of all recorded cases

UK Recoveries, 22%, Serious/Critical 0%, of all recorded cases.

Best I get back into the Freezer I reckon, going to take a Chicken Madras, and bottle of Talisker whisky with me:O).

Question in my head is, 'What are the limits of wave power that the AM can withstand ?, I would imagine that those calcs have already been well thought out and calculated before her HUR assignment?

Yes WOS, from what I have read, can be a very challenging environment indeed, but at the end of the Day, I think the AM will cope admirably. :O)

halfpenny,

That's what I have also read;

https://www.fxstreet.com/news/breaking-gold-crashes-below-1-600-margin-calls-cited-202002281535

Is this therefore a short term Blip, as the article suggests?

'Nevertheless, after this sharp correction, XAU/USD has room to rise, especially if Covid-19 remains a scare.'

Poppop,
I do sincerely hope that you will find another opportuity to make up your losses, I can see nothing positive at all in telling your Kid's on your present situation.

Goodbye IBAB!

Excellent News Yellow, CF and the BOD's and AAL, will now have to seriously reconsider their position, as other parties, ie Major Bondholders, will not want a No vote will they?

It has always mystified me as to why unloading be at Wilhelmshaven V Rotterdam, but when thinking about this, it is BP calling the shots is it not?, nothing at all to do with HUR?

Clarav,

'Waiting to buy at 40 where the SP was for a long time'

Not true!
http://capita.moneyam.com/charts/?epic=TSG&period=YEAR1&type=2&compareTo=&submit=

Maybe this a 'Keep a Tiger in your Tank' scenario?

Keep some back on the AM simply because we have an OPEC meeting next week, Mar 05th , and perhaps the price/barrel is expected to rise?

https://www.opec.org/opec_web/en/311.htm

One can only speculate, but I have often seen T 07:am a much higher price on the header as in Links before the markets open.

Now where does that price come from?

Is it from 'Direct Market Acess ' players whom might trade before normal trading hours, not sure. I do know that DMA players I have read ,have the ability to trade after normal trading hours, be they PI's or MM's or whomever, and that they may well pay a premium to do so.

Captain,
As does Link Asset Sp, 30.56p :O)

http://capita.moneyam.com/trades/HUR/Hurricane-Energy-Ord-0-point-1p.html-trades