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Brent climbed into the $65 this morning, We should be at least 23p by now if last year is anything to go by. What the hell is keeping us at 19p ?

Manipulation Squif the value hasn’t gone anywhere just the need a few more buys to come in lifting the volume. We only have a few off book volume just the bots moving the price in the current range. I think as soon as 20p holds then settlement may change and drive the price upto next resistance at 23.5p then should have a free run up into the 30’s again.

Looks like the 18p magnet wont let go

Brent selling off heavy, now lost all gains over the last 24hrs in under a hour !

Extremely frustrating and dam right annoying but that's how the MM works, make you panic sell or panic buy. but fundamentals take over in the end.
Keep calm everyone, buy on the dips.

Brent Selling off again, the same pattern, its as if the MM Knows what the oil price is going to do later in the day.

Pmo, Tullow and Genel flying ! Us on the other hand are hovering above the red ! Wtf .. come on Enq let’s get a move on this afternoon and catch up

Moving with the oil price, we will catch up and break the dreaded 20p resistance soon enough I’m sure. We still lack volume at the moment

If oil carries on moving up like this then whoever made the decision on the hedging last year got it spot on lol

Support EnQuest hedging programmes, including identifying appropriate strategies using a mixture of swaps, options and futures. Once in place, EnQuest takes an active approach to managing its hedging portfolio requiring a detailed understanding of options strategies and pricing. Prior knowledge of options or a numerate background would be an advantage to enable the individual take an active role in this activity at an early stage.

Job for Pelle

From the start of the year :

PMO moved up 13%
Tullow moved up 25%
CNE moved up 43%
ENQ Moved Down 13%

We are lagging way behind at the moment but we do move fast !

They ain’t letting this go ! We went into the red first thing straight after the opening buy of £20k @20p We either have a relentless seller or a manipulative MM filling a larger order !

I don’t think they can hold this down much more, it’s miles to cheap !

Enquest hasn't lol

Patience Squif it will come !

Hopefully see the back of the teens today

Very likely Brent will breach 63 tomorrow, another step up from the current range will certainly well received for us next stop 80p

Crude Inventories: Crude: -0.998M Gasoline: +0.746M Distillates: -2.481M Cushing: -0.502M

This latest news gives the impression that SA will give Trump the middle finger and will not cooperate with him to lower oil prices. Trump kicked them straight in the crackers over the Iran deal. Once bitten !
We all know SA needs higher oil prices, the world needs higher oil prices to stop a huge price spike in the future.
Trump has to punish Iran to save face and the only way is cutting off there income so waivers this time round looking very unlikely.
Shale pumping huge amounts over the last 6 months have caused a gasoline glut that will keep fuel price low, so any luck Trump has got cheap pump prices for now ! So hopefully will keep his gob shut for a while.
Shale investment now looking very risky indeed, so should see the production rates plateaued if not decline from here.
Fingers crossed for $80 oil and our 60p party

https://www.reuters.com/article/us-saudi-economy-imf-idUSKCN1Q01N0