Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Still a f*&k off seller tho ;( I think the market has gone way too bullish on oil, we may see more supply cuts. UOG is proven in low oil environment's so not much to worry about. But, the dollar determines alot and the biggest trade at the moment is the dollar short. I reckon we could be suprised and see the dollar stay neutral or even rally abit, that's only if foreigners like China start buying tons of treasuries.
There is a big seller atm, perhaps wait until it's broke out? Btw, I sold out of BP yesterday, not only because of it's debt load, but also due to (I think) that there could be another oil crash. I will continue to hold UOG as I think it will be fine in the long run, strong Balance sheet and due to it is funding itself with existing cash flows, impressive. It could weather very low oil prices, $50 dollars is still low btw, many big oils are getting hurt badly and let's be honest, the weak dollar and cut supply is the only reason Oil is where it is.
Pretty good, seems like Francis got most of the bad news out back in september. The operating loss is not as great as the market expected, so ahead of market expectations. Decent revenue growth and revenues nearly at £1.9bn. Plus, barely any debt with lots of cash on the BS. Steve Francis is turning this around IMHO.
Oilers could go a lot higher soon. A weak dollar is nectar, and if Biden gets his way, the DIXY could decline further. But, Saudi cutting production by 1m barrels per day suggests that demand is still very low and OPEC countries are going to do anything they can to prevent an oil crash, we can expect further cuts. BP's doing well, come on UOG.
I actually think the natural gas side of UOG's business is where the long term growth is. Uranium and Natural gas are here for the long term, huge demand coming up. Gas is projected to grow enormously. UOG seem to be well placed.
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I may even spreadbet the dollar too and short it. The end goal for the elites is to destroy the greenback. How will it affect you? Besides oil and commodities rocketing up, the Fed has announced that they are Increasing their Dollar swap lines with other central banks which means the BOE and others will have loads of green pieces of paper in their reserve. Like the Swiss bank who has bought loads of stocks, other banks may invest in US assets. But the real end goal is to dollarise the world. Once every central bank is flooded with dollars, at some point the dollar will collapse and then we will all have a replacement currency in the form of a stablecoin or CBDC. Crazy stuff. On a more positive note, let's hope Bri can get his sach out and pull some good news out of it.
https://www.youtube.com/watch?v=TfBXdbz3YbI&feature=emb_title