Member Info for ocelot

Interesting technical issue for the oil price:

... Adding to the pressure is a bumper roll of the $2.7 billion U.S. Oil Fund ETF. The fund holds about 20% of the May WTI contract and is set to move that position to the June contract over the coming days. (from Bloomberg)

Don't think I've ever seen the road so quiet, the tankers had it to themselves - good!

betterupthandown,

As an investor in ANGS, I look forward, not backwards.

JT-P, my error!

YL,

I have no opinion of JP-T, so I do not seek either to defend or to attack him.

My interest in ANGS is that of an investor and forward-looking.

"Oil moves higher with impact of possible output cuts in focus":

https://www.bloomberg.com/news/articles/2020-04-07/oil-holds-below-25-on-worries-an-output-cut-won-t-be-big-enough?sref=Em01M8Hr

https://www.bloomberg.com/news/articles/2020-04-07/u-s-cuts-forecast-for-2020-oil-output-ahead-of-opec-meeting?srnd=premium&sref=Em01M8Hr

The U.S. cut its 2020 oil production forecast by more than 1 million barrels a day, as collapsing crude prices and plummeting demand threaten to shutter production in the country’s biggest fields.

Production is expected to average 11.76 million barrels a day through December, down from a previous forecast of 12.99 million barrels, the Energy Information Administration said on Tuesday. The agency also trimmed its 2021 output expectations by 1.6 million barrels a day to just over 11 million daily barrels...

https://www.bloomberg.com/news/articles/2020-04-07/u-s-cuts-forecast-for-2020-oil-output-ahead-of-opec-meeting?srnd=premium&sref=Em01M8Hr

https://www.aljazeera.com/ajimpact/hopes-ceasefire-saudi-russian-price-war-lifts-oil-prices-200407140848864.html

14m trade at 0.342p.

per advfn.

The share seems to be putting up quite a fight today!

https://www.bloomberg.com/opinion/articles/2020-04-07/coronavirus-vladimir-putin-is-losing-his-big-oil-price-gamble?srnd=premium-europe&sref=Em01M8Hr

Seems to be working again on my desktop - fingers crossed!

Exercise conversion rights, issue of equity, for a total of 50m shares.

On opening up this morning, the most recent post I have is hasiba's of 15:11, so I have no access to the more recent posts.

I've tried another browser, but the result was the same..

Hope he's going to be alright.

.

Where Mr008 is right is that there really is quite a lot of buying at the present share price level.

Ja51 was always pretty careful in his choice of words, so am not entirely convinced about that, gkb47, but thank you for the response.

Too early to celebrate, hasiba, imho - even if 10m bopd is cut, that still leaves the problem of what to do with the remaining surplus supply of oil.