Member Info for johnygaddar

Paolo, your short sightedness is apparent with your comment. The futures contract change every second and with demand coming back in Q3 the futures will increase as well.
Do you really think the future 2024 contract will stay at this price till 2024? If you say yes, then you should not be investing at all.

CMD is Capital Markets Day where Hurricane is going to provide plans, strategy, management objectives, furture performance, production, costs, revenues and other trend information.

Cant wait now, this is coming soon.

Reason Why Brent is not following WTI is as follows "Brent is a seaborne crude allowing traders to easily ship it to areas of higher demand. With Brent you can put it on ships and move it around the world immediately whereas WTI Storage tanks will be full in May and no place to store hence negative prices for producers to dispose the WTI produced.”

Last year CMD pushed SP up 30%+. Only a week left for CMD and potential gains of 30% or more. Buy now and be happy in a week or sell now and regret later.

JS, you are comparing WTI May contract vs Brent June, if you see WTI June it is trading at $25

https://oilprice.com/Energy/Crude-Oil/Russia-And-Saudi-Arabia-Consider-Even-Deeper-Oil-Output-Cuts.html

SA and Russia considering deeper oil cuts

I have realised that you have lost all your money in frontera resources that is why you are spreading the fear on other threads so that others also lose their money.

For all others whenever turnturnturn posts anything on this BB talk to him about his investment on frontera resources and he/she will ran 100 miles away from this forum.

Dr. T has something interesting to share otherwise he would not be pushing to do the CMD in April.

https://uk.reuters.com/article/health-coronavirus-brazil-offshore/exclusive-brazil-confirms-74-offshore-oil-workers-with-coronavirus-regulator-idUKL2N2C22IQ

https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-opec-expected-to-announce-historic-production-cut-643187

Russia agreeing to 1.6 mbpd and could go up to 2 mbpd.
Production cut definitely happening today, top up now before it is too late.

https://seekingalpha.com/amp/article/4335987-opec-rejoice-u-s-production-cuts-on-way

US production cuts on the way

https://ukinvestormagazine.co.uk/consider-these-three-exciting-energy-shares/

Have a look

brent trading at $31.46

https://www.hurricaneenergy.com/investors/results-and-reports

clearly says 25th march for CMD

https://oilprice.com/Latest-Energy-News/World-News/Large-Iraqi-Oilfield-Goes-Offline-As-Operator-Evacuates-Staff.html

Iraqi field goes offline as above and not long others will follow. American companies insisting employees to work from home and US Shale supply will decrease as well. Oil supply demand shock is yet to arrive and be prepared for it if Saudi Arabia shuts down oil fields.

Everybody is worried about excess supply of oil in the market due to reduction in consumption but nobody is thinking that COVID 19 has started to effect the entire world and gulf countries are already feeling the heat of it. If SA gets effected by COVID 19 and they have to shut down the supply for couple of weeks, think what will happen to oil prices then?
COVID 19 is already spreading in USA and if the shale supply is hampered due to this what will happen to oil prices then?