Member Info for LeeRex

Simple.... You read reports and analysis that a war, or even just closure of the Strait of Hormuz will send POO to $325 !!! Yep £325 a barrel.

Then you have every scenario between that, and it plummeting to $20..

My analysis, ignore everyone and invest on your own knowledge and risk levels cause nobody has a clue

It's actually nice to see some stability on BARC the past couple of days with slight gains.

Long let it continue to recoup some losses.

How many years of oil are left in the world?
Oil. Globally, we currently consume the equivalent of over 11 billion tonnes of oil from fossil fuels every year. Crude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so if we carry on as we are, our known oil deposits could run out in just over 53 years.

Same, I had a buy order for 5.20 for a top up and it just triggered. Only £500.00 mind you.

Surprised it's dropping slowly but constantly though. Especially with such positive news with OPEC and Trade off China/US having some positive vibes. Ah well, a bigger now so let's see if my luck continue's to be pants, or if I'll view this as a good top up to average up lol

Why didn't I top to average down? Cause I'm a numpty !!!

Sitting on a loss for 2 years, thinking, " I'll top this up Mid Year " with the pending drilling to start again... Then, missed it because of worrying about other losses haha

I chuffing hope not. This is my biggest loss in my portfolio ;o( grrrr

IMO, I did not see ( I may have missed ) any dangling carrots for Trump to accept.. I only saw request's, requirements or dare I say demands from China..

Trumpo doesn't seem like a man to be bullied. From my perspective, I didn't see a trade deal being agreed by what is out there mainstream reading.. I certainly hope I'm wrong though.

Thanks Nige_W, I know, it's just frustrating how many red lines I have to see daily ;o)

If this drops to the 130's, then absolutely, I would top up. My holding is is not a great amount at the moment, due to spreading over so many sectors for risk diversity, some silly decisions made, some punts that have paid off. I'm not to bad, probably 15% down overall, BARC & VOD being my worst decisions for entry points, BP is holding me up.

If TW declines, I'll top up for sure. For now, it's just patience needed

Slowly but surely with the daily decline in SP, and I'm now in a Negative position since my entry...

Another Red line on my portfolio ;o( grrrrrrrrrr

The world seems to be going to sh!t.. In other new's, who's betting on Iran or Russia for the first Missiles being launched ?

Dafis,

I can confidently tell you that from my experiences of posts, comments and input from TomE, this was not a gloat.

TomE " from my view " has and is 1 of the more respectful contributors to any board that I have seen him post in, unlike some. So maybe an apology would be welcomed

A massive explosion in south Philadelphia ripped through the East Coast’s largest gasoline refinery complex Friday morning.

Not sure on the impact, if any tbh

Exactly Billy, hit my account this morning ;o)

Just wish I pumped all funds into this. Safer for the pocket and the ticker lol

If I'd have put all my money in BP, rather than "spreading risk & diversifying" I'd be considerably better off than the portfolio of shite I currently have !!

I was in Naples last week, and Fuel was slightly more than the UK prices...

Add to that, that it looks as though Russia is going to open the taps again without extending the OPEC+ agreement..

Although, all it takes is for some cracking figures to be pushed out on an RNS very soon and it to all kick off in the Middle-East, a little additional hostility and it could jump severely..

I agree, selling when the SP has never been so depressed, is confusing...

I myself have just topped up... Mainly because I want to average down to get out sooner, but also as I think this is already rock bottom and "eventually 1 way or another ", once Brexit is resolved, it will come back again... I've been stuck in here for years on my original investment, so another couple of years is not going to kill me.

"surely the Republicans are not that stupid and realise he is damaging the reputation of the USA."

You mean, like British Politics and Politicians doing a grand job over here yea ;o)

I've not made any notes on what, who & when. I'm not into contradicting or a bum fight argument / dispute.

From my loose perception I saw JB predicting numbers that have fallen into place, so was just interested.. Although, the trouble is, anyone can predict at is stands, but no-one can determine the outcome of Brexit of Trade War, which will skew any outcome anyway.

Hi Jack,

you may have taken my message as a dig, it certainly was not.. Actually, it is because from my view, you have called this right more times than not and actually I'd like to track the SP based on your prediction.. Don't worry, I'm no fool that comes back in 2 years time saying because of you I lost £££££££.. I'm already in to far with no additional funds for any activity, so just very curious.

Hi Jack,

I've followed your posts a little in regards to the Shorts and have to admit you've had this pretty much nailed..

Where do you think it will go from here, I presume steady / stabilising now if you have closed your short ?