Member Info for kenniGT

I went for a ride on my motorbike on Sunday (south of London). Bike was stationary for 3 weeks and that is not good for engine or battery. So I thought great. Empty roads... yeah... empty... lots of cars on the roads! Lockdown? what lockdown?

hasiba I agree, this can be a moment of lift into 30.
All markets are up today, FTSE first time since march above 6000.

PMO is also Natural Gas. Not only Brent.

Now everyone knows, next day is back to normal.
So even if it happens, world will not going to end, only crude traders will loose monies.

Rumors.
When price is going up, and lots wanted to top up expecting it to drop.
I wonder why those rumors pop up suddenly?

......

Not going to happen.
Some countries relax restrictions, markets reacting positive, opec cuts from Friday...

https://uk.investing.com/equities/premier-oil

As price is going up.

Price of oil will go up and down, but what we see now, oil companies SP do not react to it as before.
Market realised Mcap is not Brent/WTI price at those levels. Oil price will recover in time and therefore no reason to give companies for pennies to investors like me and you.

Of course BP is safer but reward is smaller.
But PMO is not so small, 75000 barrel per day at costs as low as 6$ ( part of production ) assure existence of the company even if crisis last till end of the year. IMO and InTonyOpinion ;)

ehh
I meant breaking...
...FTSE100 breaking out of the crisis slowly..

SK you are cool as a cucumber :)

TheInvester, FTSE100 braking out of the crisis slowly.
https://uk.investing.com/indices/uk-100
CV19 death rate, 3.4%, Flu 1% as we developed immunity over the years and CV19 is new. BUT my thinking is, lock down was good move, but panic was too much. We will be up and running by summer I think with only social distancing measures which will disappear by the end of the summer. Now, the question is what SP to get in? ;D We can forget about 15p as this was result of panic, and it not going to happen again as market knows most North Sea companies (and PMO) will survive crisis, as they are prepared much better (low production costs 15-20$, hedging, cash) than in 2016. GL

SK are u still not in? ;)

I think it is protection of the market against takeover.

ohh shi sorry. I mixed june with july.

I am asking why june futures is up.

why brent futures is 24.81 at investing.com ?

https://m.uk.investing.com/commodities/brent-oil

It will be struggling, no brainier here after negative prices.