Wk21..26 May 2018 06:40
Chatter about possibly raising production tanked the oil price yesterday to $76.33 down $2.5 at close. All the pis fave o...lies were off, Bp, Cairn, Enq, Gkp, Ophir, RDSB & PMO etc..So a sterling effort by G to climb back up to parity in afternoon trading though on the wk fell 25 and 17 of that on Thursday. The stronger $ (1.330) very slightly offset the OP decline. Fully intending to add a few got bogged down in a session at the local and missed the low 250 boat. Good pick up comeonvog (our paths have crossed on a couple of 'esoteric' (mysterious) stocks in the past)... H there may have been a 'mates rates' to the earlier drop to add into the mix of your earlier suggestions?....don't really go along with that scenario in a fast moving o..lie like G...more so in SMAGs (smelly microcap Aim gunk). Of the 11 mrkts i track 4 were marginally down yesterday (2 in Asia/2 US) so look to a weaker open on Tuesday. Any bounce in the OP or a denial of production cuts will see a strong bounce off 260's next wk. Two runners for me this wk/end doing ok, Rory & Rosey (no double up!) damn!. Have a good break....