Member Info for NewKOTB

WHOOPS,

Must try harder .... missed the critical bit out .......

"to allow more time for negotiations among oil producers on crude supply cuts..."

In other words, not just SA/US/Russia, but the WHOLE of the industry represented by OPEC+ will be looking to cut ..... this takes time to get everyone together !!

So cuts are likely to be bigger than anticipated imo.

Interesting that when Malcy interviewed AA last on the 10/3/20 that our SP opened at £10.40 ..... AA wasn't happy about our SP then, god knows what he has been think recently.

£7.49 - As we will go straight into suspension with RTO, aimo

Closed almost 15% up ... that's +5% from 4:30pm market close.

TLW with renewed debt of $1.9bn .... finished UP 48%

Sorry, I consider 60p, almost 8% drop in just over a minute as strange imo

Exactly .... "A massive share enhancing deal"

Good weekend all .... looking to get in the garden .... fresh air, now all the pollution has ebbed away, talk to the plants and a spot of naked sunbathing..... nothing in the lock-down to say I can't

atb

Some really strange SP movement late afternoon .... particularly that rapid drop !

'Surprise' RNS on its way .... (10:1)

What is clear, as you mentioned TheShipsCook1, something has to give !

10:1 ..... lol

What a poor close ....

At least its going up .... SQZ has for some reason been virtually flat as the proverbial hedgehog for 2 days now !

On the 6th March oil fell 50% to a low ...... RRE fell 70% to low .... since then oil has climbed back and is now only 15% off the 6th March ..... yet RRE are still 45% off .... but getting there .....s l o o o w l y ...

For every $3 rise, like today, we are adding $250,000 per week to our bottom line, or +$13,000,000 pa to our $355m CASH we had on 25th March 2020..... remember NO DEBT too

Once $40/barrel is reached that would add +$40,000,000 to our bottom line from today's opening POO ....

Oh dear .... not only missed the boat here, but on other share you are waiting for too ..... new avatar, same old !

"Who knows what the heck Trump.." does he ?

Even debt holders must see the light .... TLW up 30% on news that their RBL is being renewed for $1.9bn.

Perhaps we should get some debt, that's where AA is going wrong !!!!

Still our SP is sitting at ONE THIRD of cash on hand ..... no debt. Mr Market has to starting seeing this if POO holds strong and moves forward.
The Saudi / Russian oil war announcement took us down to £10/share on that day ! .... see no reason why we can not return to this once the big three work together to stabilize POO.

Yep, guess it's a pre-requisite for SA/Russia to cut is that US does too .... clearly Trumps tweet didn't say that as now he wants to be seen as the great savior. Trump will make it clear that a cut of around 20% will be needed, but I guess Trump will only ask for 10% atm then back to the table with Russia / SA , for second round of cuts. Either way ... now moving in the right direction at last.
aimo

I would be more than happy for Brent POO to trade in the $34-$40 range for the rest of the year, so would majority of efficient oilers too. That's high enough for us yet for WTI would still mean that much of US shale and other high cost producers would need production curtailed. Just a matter of getting the Saudi's and Russian to cut production a little more and get POO into this range.... which I think they will.

yep, even after yesterdays 20% rise in poo, we are only back at last Thursdays poo, a week ago !!

Could really do with holding poo gains today, ready for next week and new tax year. Strength in poo means strength in RRE.

As I mentioned on Tuesday "then watch the reversal happen ..... deal with SA and Trump acts and then almost overnight POO back to +$35 barrel..."

So we hit +$35 today on nothing more than a Trump Tweet ...