Member Info for Nomad1

The oil price should stabilised due to a massive fully laden Chinese container ship 400-60mts which is jammed between the two walls of the Suez Canal blocking it to all shipping including oil tankers. They are trying to move it with tugs but if they can’t it will have to be unloaded which will take weeks.

CJ Lol maybe but I will try not to because time is fleeting and I am not worried about the SP it’s just a bit frustrating. Things will take a few months to sort themselves out but then onwards upwards and for me a 100% profit by years end.

Life’s too short to keep watching this everyday see you in six months for a good celebratory virtual drink.

Corruption in Nigeria that’s a shocker!

Yes agreed and as I have mentioned before less refining capacity around the world.
How much of an issue this will be when the planet get busy I don’t know but, the refineries which are being decommissioned are not being replaced. Also more tankers will be required to deliver fuel to the countries who no longer have the ability to refine their own.

Yes good news indeed and the US RDS share price is ticking up

The SP price has dropped due to the virus, more lockdowns and EU bickering but it will soon come up, when they shut up and take their medicine. The US stimulus package will start to work its way through the system which will give a massive boost to the economy and the markets.

Why do you think it is when RDS and BP go down my small oil and gas companies go up 3% to 5%. i.e. Sound, Sterling and Cadogan?

Has the ***** been mouthing off again she obviously still can’t get any. I filtered her out over four months ago as have many others.

The biggest refinery in Australia is being decommissioned for good and the port in Western Australia will no longer import crude but only refined oil. As I posted last week in a couple of years when the worlds economies are running full chat, and with so many refineries closing there won’t be the refining capacity left in the world to keep up with demand. This will of course push up the oil and share price.

With all the positive up side information taken into account we could possibly reach £16 by the end of March. Maybe that’s a little optimistic but the end of April is definitely doable, then swiftly onto £17 by the end of the second quarter if they continue with the production cuts. IMO

The attack caused the oil price to jump briefly above $71 pb but, if they had hit something major and killed people it could all be very different today.
I doesn’t take much for everything to go pear shaped in a day, if the Saudi government bomb Iran all hell could break loose.

The Houthi rebels who are backed by the Iranian government launched 14 drones, and 8 ballistic missiles attacking the Saudi Aramco oil storage yards in the eastern ports export terminal. All air defences failed so it was lucky no one was hurt.

Barrie Lol yes Trillion I hadn’t had my second cup of coffee.
The last time Trump paid out $600 cheques many poor starving Americans bought Bitcoin with the money, and they did very nicely thank you very much.

The C19 relief bill has been passes by the Senate and now goes back to the House on Tuesday then Biden’s desk on Thursday. They say this $1.9 Billion will start to be sent out before the end of the month. This should get the economy going.
The Canadians will be pumping out 500,000 bpd less shale oil due to maintenance. In Canada they seem to be more concerned about their carbon footprint than their neighbours to the south. The American shale producers may not start pumping out huge quantities of oil just because of the higher oil price, this is due to Biden and their investors are demanding dividend payments which are rare.
So all of these things combined should lead to a higher oil price.
Tuppence

Yes very similar to my story except a mate who used to trade told me in 09, every ten years there’s a boom bust cycle so in ten years time make sure you have a big chunk of change to invest. Yes it was a virus and not a recession but it slotted in nicely. Some of the best advice I have ever had and in ten years time if I still have a pulse I will do the same thing again.

I bought 39,000 TW. shares in the financial 09 crash for .39p ps. They said last week they are reinstating the dividend on the 1st April, and their juicy loyalty bonus will follow later in the year.

I retire next year so it’s more of a pension investment with TW. and BP dividends as well, so that’s why I’m holding on to them and won’t risk trying to trade.

Yep hold them tight Steve.
I missed the bottom but bought 4200 at £9.60 so I’m a happy bunny.
Soon there will be the $1.9 billion stimulus plan coming through, and they say the Americans have $2 billion stuffed in their mattresses ready to spend.
Plus maybe 6 million more people back to work in the US this year.

£15.08 and rising.
We would of sailed through £15 yesterday if it was not for Powell’s speech when he took a shot across the bow of the markets.
The US has also been waiting for the Nonfarm payrolls jobs report which was excellent they expected 250,00 but it came in at 379,000.