Member Info for Krakenoil

This market sell off is completely down to Trump and Saudi Arabia with the double cross over Iran sanctions along with the journalist murder! The fundamental data is the same, China still buying crude at record levels, India buying at record levels, more cars on the roads every year, Saudi with no extra capacity, Shale debts rising, lowest ever new oil finds, oil exploration at bear minimum and to top that all off world oil production is declining! The only bad news for oil prices is Shale increasing but for how long and can they single handily supply the worlds combined production 1.5% increase we need each year ! I don’t think so ! It only takes 1 minor interruption somewhere and prices will climb fast

2008 oil price crash bounced off steep drop around Christmas time then went on to rally for 6 years ! Are we getting to the end of the bear market for oil ? Looking at the charts oil doesn’t usually stay low for long. Let’s hope so !

This market sell off is completely down to Trump and Saudi Arabia with the double cross over Iran sanctions along with the journalist murder! The fundamental data is the same, China still buying crude at record levels, India buying at record levels, more cars on the roads every year, Saudi with no extra capacity, Shale debts rising, lowest ever new oil finds, oil exploration at bear minimum and to top that all off world oil production is declining! The only bad news for oil prices is Shale increasing but for how long and can they single handily supply the worlds combined production 1.5% increase we need each year ! I don’t think so ! It only takes 1 minor interruption somewhere and prices will climb fast !

Pure market manipulation going into the Christmas break! I’m expecting a sharp rise Thursday/Friday as this sell off corrects its self and the oil shorts close out before the break ! No way will they want to hold positions over a closed period just in case something happens! And most of all realise those huge profits. This drop is pure speculation and is not based on fact.

To start blabbing off again, that always started a strong rebound

Shale is unsustainable at current oil prices, their debts were still increasing with oil prices above $70 ! I just cannot see shale holding out production levels with current prices ! The whole shale investment is like a giant pyramid scam, someone is left holding the baby !

Tullow just turned green

Giving you could say its still in a upward trend since 2000 ! Back then the SP was around 24p

Expect the unexpected SK ! We might well sell another draw sending prices back over 60 bucks

Auson - PMSL !!!!

Its not been a waisted year ! I have done very well indeed. And now we have been given another gift with cheap stocks ! Lovely gubbley

Sub $40 hedging lol are you for real ? Go away

While everything is being sold off in panic mode someone is very happy buying. The losers are the ones with no patience. PMO have hedges in place for this type of downtrend remember. The Saudis need oil around $75 and they will push what ever it takes to get there. Trump with be under pressure to complete a deal with China and when that happens expect the markets to react fast !

Morning January, that’s what the markets are setting this up for ! China Trade deal ! Buying frenzy will follow !

At least the pump prices haven’t dropped ! Lol

Brent is tanking ! WTF

I'm waiting for 60p, It will come this morning then up we go !

For the last 5 years we have faced a torrid oil market, yes we had strong prices this year but the market didn’t react the same way, very cautious and rightfully so. One day the oil market will rebound and hopefully mid cap oillies will recover! Trump certainly has destroyed world markets and upset plenty of countries so far. This lunatic Needs impeaching as soon as possible!

AB may well do the same here taking the company private

Ha Ha Ha He will probably say his sell didn't go through and he is still holding lol