This is putting pressure on big oil as they produce a lot of LNG.
https://oilprice.com/Energy/Natural-Gas/Natural-Gas-Price-Plunge-Could-Soon-Lead-To-Shut-Ins.html
Are you still around hope your keeping well being as you work in a dangerous business with the current world situation.
We are trying to organise another meeting later in the year so off your interested let us know
Regards
Ken
TROAJAN this is my golden opportunity and I’m prepared to weight for my time when I think it’s right to start drip feeding a few good stocks for the long term say 2 to 4 years if they reach good return levels I will take some profit.
Hope your well and your family
ATB
Ken
You may already have read this article but I do remember someone mentioned INTU on this board a while back so thought I’d post It.
http://c.newsnow.co.uk/A/1036444576?-1938:2386
BUSINESS NEWS
JUNE 24, 2020 / 2:37 AM / UPDATED 2 HOURS AGO
Oil edges lower as U.S. stockpiles grow more than expected
Yuka Obayashi
TOKYO (Reuters) - Oil futures edged lower on Wednesday, extending losses from the previous day, after U.S. crude stockpiles grew more than expected, adding to worries about oversupply.
U.S. crude inventories rose by a much bigger than expected 1.7 million barrels last week, according to industry group the American Petroleum Institute (API), well ahead of analysts’ expectations for a 300,000-barrel build. [API/S]
New cases of COVID-19 rose 25% in the United States in the week ended June 21 compared to the previous seven days, a Reuters analysis found. [nL1N2DZ1AL]
China, the world’s top crude importer, is also expected to slow crude imports in the third quarter, after record purchases in recent months, as higher oil prices hurt demand and refiners worry about a second virus outbreak. [nL4N2DT14P]
With this type of increase in virus levels my thinking is that for the USA this is far from over.
Fira only one word C,UN.tS it happened to me many times
I’m now enjoying a lovely cool stela artos in the garden carving a few rays
I’m hoping for some upside with HGM I got 10,000 shares on at 230 but bastards holding it as gold fekin flying but I’m confident it will come good.
Good luck
Ken
I’ve just had close inspection of Kier chart it’s topped out twice now at exactly 99.1 first on 16th June and today so I recon we could see it drop to around the 94 level then move up again as the lows are getting a touch higher each time.
So I’m going to leave it for now.
Do you know what sort of liquidity it has for selling ? as you can probably buy no problem but selling may be an issue
Thank
Ken
Billy, ye hope the Italian scientist is right this has caused too much damage already and will take a year for things to get back in track for companies especially them dealing direct with the public’s fingers crossed
Scoop, no I’m saying it’s probably worth a punt but don’t shoot your bolt too early as the mms played it down for 6 hours last time When this sort of news broke.
Them that got in last time in the first 2 hours had to wait a long time to then break even.
ATB
Ken
George I literally just looked back to 5th December on my GLEN chart the news was released at 1.30 pm then it dropped for the first hour quite dramatically second hour it was still on the down but a lot slower and carried on dropping slowly till close at 4.30 pm closing at 219 the following day 6th December it opens exactly same price 219 after 10 minuites the fall starts again moving slowly down over the next 1.5 hours until it bottoms at 9.30am then it trundles along flat for 4 hours then starts to move up again so it took from 1.30pm on the 5th December to 1.30pm on the 6th December befor any improvement in price started so them that thoughT hey I’m in here after a few hours of it dropping we’re actually out of luck for a quick few quid in fact them that bought in at the bottom on 5th December would have had to wait until 12th December to get out with a profit.
But them that got in on the second wave of the drop When it bottomed out at 212 on 6th December at 9.30 am were in good profit by the end of the day.
Just an observation of how the MMs play this sort of news
Well after this last announcement I don’t think I will be touching glen for a while as last time this crap was anounced on 5th December and it was after trading had closed GLenda plummeted 9% at open Next day so I’m glad I got out a long time back.
You’ve probably noticed my enthusiasm in Glencore has wained over the last few months as it starts to rise it get hit again and your back to square 1
Good luck for Monday guys.