Member Info for Judge-mental

Hey agree with oil user it’s a free country ! Unlike Russia lol but if oil collapses or if that collapse results in and entire industry being lost! Any semblance of energy security for Britain and Europe being wiped out and £2 a litre plus at the pumps it’s all good because putin exposes western hegemony whoop ?? ?? lol and why I ask are these Russia lovers not wearing bearskin hats and drinking vodka with their comrades ?? Because they want what the west offers but still whine about how they get it !!!

Sorry did I say trumps wasn’t unstable ?? Don’t put words in my mouth comrade lol dang a capitalist commie that’s as rare as rocking horse droppings lol putin will care when demand is so low Only China’s reserve tanks are buying and Saudi had offered 8$ discount to China ! Putin is popular ? Yeah papa doc and amin was too until they were dead ! Dictators often have good ratings because it’s life threatening not to like em lol so this is my opinion comrade ya dint like it fair enough but watch this space the depression is coming and if Saudi, other Middle Eastern countries and Norway’s sovereign wealth funds are struggling Putins Russia’s will evaporate fast!

sorry my pc glitched thought id lost my post so wrote it again my bad.

Its not enough ! This is about to become a depression !! If the production continues there is a real chance the world loses forever many older wells if they are forced onto mothballing once reserves are full! If that happens on a significant scale and if for instance a war breaks out because of tensions then 100$ plus oil could arrive just as the world economy begins to recover. The us is the world largest consumer and have the right to place tariffs if they so choose and i think a three year relatively predictable oil price is something the world could do with right now. Also not only the USA but Britain Canada Norway and many in middle east want a better oil price before a whole industry dies. The demand reduction shock is massive and cuts wont stabilize the price because there is no demand and Putin is unstable. This mechanism for three years will allow forward planning, insurance,underwriting and allow he world to recover from this depression.My view only obviously but there will be no global recovery until A herd immunity or be vaccine and virus's mutate! so vaccine will only help to a degree.

its no where near enough though. At any other time id say market forces yada yada yada However, this is far from normal and if the world loses a large chunk of oil well because of forced mothballing we will face or could face $100 plus oil five years down the line. From a US point of view they are by far the biggest comsumer and they are with their rights to set tariffs if they wish! Anyone crying foul should just remember the opec cartel holding the world to ransom on multiple occasions!!! For now this is about to become a depression ! a three year stabilizing factor such as the one muted by the piece could be the difference between a three year recovery or a decade long depression. All imho etc. And Britain Norway Canada and many in the middle east all want cuts because $5 dollar oil is a distinct possibility if a second wave hits the far east and once reserves are full !!

I f you read this piece The us could in effect, control the oil price in the short term to protect the industry as a whole ! opec has held the west to ransom for years and as the biggest consumer by far this move would be very effective and revenue stream for us treasury AND prevent the Saudis and Russia from holding the world to ransom with their piiiissing contest. Give it a read its very smart. Or you could just say BOOM nest week whichever your trading strategy lol

https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html Put a sunset clause of four years on it if it bothers free marketeers

Been looking at the oil price trend last few days ! It is very obvious when you look at the one hour trend lines that only the Far East seems to buying! !yesterday was a big US sell off . Slight rise overnight then early morning reverse !! I’m speculating here but looks ver much like China filling strategic tanks and the rotw net sellers ?? This reduction may not be big enough. Demand dropped way way more than the net 6.5 mil bpd muted my napkin maths says 15 mil reduction per day from the PRE. Price war levels or almost 20 mil per day ! I’m living the gains but I’m. Not buying in the way up with this or any other oiler ! Bol

yeah i read 82 mil shares shorted !!! still they had their chance and any greedy enough to stick around @ 8p deserve their judgment day !!

TULLOW UP 50% ! WE GOT A WAY TO GO YET :)

They had no choice really ! How many days are we away from zero storage capacity ?? Even if China fills its tanks my guess is 30 days until forced production reduction !! Putin knows he either tried to spin this as “napoleon syndrome man saves the world “ or he is forced to reduce even more because Saudi will steal what little market share is left !!! Tankers setting sail with no destination. ! Strategic reserves full ! Both Saudis and putin ****ed up here monumentally and they beginning to realise it! Bol

Which presupposes the fire sale buyers will be debt burdened ?? Without debt they will come back stronger ! Perhaps ?? Fact remains the. Shale is there! And I think a USA That feels hung out to dry by Russia and Saudi during covid may well become more isolationist !! They are not oil dependent with a shale industry without it they are again at the mercy of OPEC ! That they will not allow me thinks.

Everyone keeps talking a out shale imploding ??? The us is probably THE capitalist state! The shale goes no where ! Banks take a bath on bankruptcy’s, The assets are seized and sold and the shale tap is turned on again !!! However in that scenario the us Could become isolationist about oil ! Tariffs tax breaks for domestic shale refinery’s who knows but they will have a long memory about it IF. A deal is not done ?

Aramco is a listed company albeit 10% and they have embarked upon a course of action designed specifically to reduce the cost of the product they sell !! Knowing it would cause their share price to fall at the expense of private and institutional investors !! How is this allowed ! Forget Tariffs trump should ban Aramco from being a traded stock in the us and request that all banks and investment vehicles sell Aramco . They did it with online gambling sites so there is a precedent !! This kind of deliberate sp sabotage is against us law just like gambling ??? May seem a left field idea but worth consideration !!

Saudis have no choice ! Once storage gone they will have to mothball , older wells often will not recover from that ! Shale wellS almost always do !! That’s the kicker for Saudi and possibility of tariffs on Saudi imports to us and finally US recalling troops !! Reduce now or mothball later ???

Texas governor had stated his support for US joining with OPEC. At least for the time being !

its certainly got its hands full as a company and timing could not have been worse for the lth's however all of the above have made a solid company a potential 3 bagger in six months or less! and as this has now just entered my pension with 15 years to run well the sky is the limit. my 20k shares may just buy me my retirement Forrest :) Good luck all past and futiure lth's

one of the shares in my portfolio is 21p in the green :) ha ha get in there.

chloroquine cheap generic anti malarial/anti viral drug means at least there is a way to protect medical professionals. Next big step will be antibody test and finally a vaccine! Perhaps its the beginnings of a turn in the road ??? gla

well ftse 100 likes it even if the all share still lagging ! Barclays Voda and a few other blue chips turning their day around. Not out of the woods yet but perhaps a few stocks are starting to look like bargains and that's a good sign. Fingers crossed eh ?