Are you saying that investors will ignore the huge profits of oil companies and invest in green energy where there is no profit just because its green ? mmm I'm not so sure, The word investor says differently in the dictionary
James Hosie obviously has a problem with us for some reason as they upgraded HBR 2 weeks ago from 346 to 540 very strange as their hedging is far worse than ours. He has a target price on Tullow of 87p Enquest has outperformed both of these over the past 2 years and will smash both of these this year as well I don't understand his view
I looked this morning whilst having breakfast, thought should be a good day its hoovering about a 100, Just looked and its already fallen 1.3% Oil prices were very steady before the war now they are jumping around like fees in a jar. waiting for the volatility to settle back down. God know how long we are going to have to wait for that.
Governments around the world have pinned the blame for high energy prices on the oil sector and slapping this very unfair TAX on the profits is a total joke, The world relies on oil for everything so you would have thought looking after the companies producing would be priority not stabbing them in the back. I hope someone within this new government sees sense. Oh well lets wait for the dust to settle and Russia to start restricting supplies, I hope the likes of BP turn their backs on the UK over it.
Oil prices have just seen the largest monthly fall since Feb 2020, They keep on bleating on about how tight the market is and Opec and everyone have completely run out of spare capacity yet the price keeps falling. Well the markets selling off of oil prices is telling a different story. This drop can't be down to just the SPR and risk of recession as the physical demand is still out weighing supply. Fundamentals need to take back control of these weird markets The volatility is still massive, a repeat of 2011 - 2012 Yo-yo
Bang on the support line. Oil supply is maxed out SPR around the world bridging the gap, demand is not fading and Opec has forecast demand will rise over the next year, SPR release can't carry on much more as we are seeing levels not seen since 2008.
I don't think its lack of demand its the airports that's causing the big problems, I don't see a impending recession either, people still have plenty of cash to spend on holidays etc, fuel demand hasn't dropped in Europe or the US, China's oil demand has fallen bringing down oil prices but that's only due to their sill Covid rules locking people down every other week. Airlines now have there arm bent up their backs and its not there fault.
The trouble is how long can you keep on going making huge losses each year ? 2022 is going to be a huge loss as well. The market is pricing in a massive risk This could quite easily go pop. What a bastard Covid has and still is