Member Info for oiluser

He is a infantile buffoon but if he moves oil price up I wont complain.

As much as I dont like Donald Trump, he tends to get what he wants like a spoiled child. I think his frantic tweets and efforts to coordinate these cuts are not going to be allowed to fail. His objective was to stabilise oil prices at a specific band width with bottom $40/bbl. My gut tells me the market is rigged and by the usual skullduggery the price Trump wants will be found. Only question I have, the figure he has in mind is for WTI.

Did I really say 2.55billion bbl in 24 months, I actually meant 12 months. The second 12 months is 4mbodx 365 1.46billionbbl

Staggering figures assuming opec + stick to them

Were going into a super cycle, badly needed through lack of investment in conventional. This was a reset. Oil needs to be much higher than 50 to get investment going

Shrewddude

Took me all of 2 paragraphs to figure out the slant, and tbh what a load of kaka.

Saidi and Russia upended the oil market before CV touched down. There can be little doubt that they are very capable of doing it again at the drop of a hat. The ramifications of their actions brought Trump to the table rather quickly and shale will lose 3 to 4mbod as a result. Let me do some sums on that. Assuming the lower figure 3mbod x 365 = 1095million barrels gone from production. That's 2.5 times what's in US storage now. That's a lot of oil. Just the OPEC part alone takes let's be generous here 7 x 365mbo = 2.55billion barrels oil off market in 24 months, that's significantly more than all strategic and commercial reserves. Interestingly enough, oil demand will start to increase again now. China getting back to work, Germany making the right sounds and soon to be followed by other big European nations. Countries buying oil and storing it now will be selling same for significantly more in 3 and 6 months time.

Maybe

Longer shorter

Get more truth out of Sputnik or RT about what skullduggery the west gets up to including financial shenanigans which were the best in class, likewise we get more truth about the skullduggery those Russians get up to from western MSM. Isn't that how it works?

Happy Easter.

Just my opinion coz I'm in (a) good (mood).

I think that G20 + OPEC are playing down the cuts for the reason that they want to shock the market Tuesday. I believe cuts will total 20mbod. Not immediate but over next 6 weeks. All while Europe begins to open up, US too. God willing this virus will move into rear view mirror and cure/vaccine are offered up by the great scientists of the world.

One thing is certain is that demand for oil wont drop to zero, complete bull**** or a dreadful use of the English language in previous post.

"Cuts are irrelevant, There's no demand for oil in the world. POO will keep dropping until lock downs are lifted."

Abover from maqqureshi! This has to be the Corker of the day! Thumbs up if you all agree!

All theory Grippa, I got out because of covid and I was right to do it. I cant see pmo getting fair valuation on this situation, you have to admit its abnormal. A rights issue at 100p was going to lead to 400million shares. This price or 50p it means the potential upside is simply non existent and that's the long and short of it. I hope by some miracle the SP recovers in time for all holders, just the timing is appalling, considering shale was going down the pan albeit slowly at 60$ oil.

I think Sputnik and RT are in general very good at pointing out our western failings and double standards. Then again we are very good at achieving a loss of gloss due to actions of our elected and unelected officials.

Fk all this nonsense anyway, did we get a good deal?

Old news, that's anything but correct. There is some value to the acquisition at last years prices, not this years and none of it is hedged.

I like pmo, think they are bloody unlucky and before CV ravaged the stock price I thought the deal was ok albeit we were waiting on the details of the prospectus to put fair value on it. Let's assume your right that shares will be eaten up, at what price. Surely all lenders are now happy with the SP being lower, as it gets them more shares. Consider 1 thing, if there are 1.7billion shares in circulation, how long before we see a pound again

You might be right dude, but this dropped from 220 to 160 in a few days in November, from 140 to 70p in a few days in Jan/Feb. Followed by drop from 70p to 8p in March.

To me it's well overdone and due a sharp correction, upwards. 8 to 24p doesnt cover it

Funnily enough we call Sputnik and RT Russian state media propaganda, but I generally find that they are early.

Yes the savage the west a lot, point out a lot of flaws here.

Then again, what does CNN or BBC get up to when discussing Russia.

Propaganda is a 2 way street.

Hi kennigt

At 50p, pmo will issue another 850million shares to cover the proposed acquisitions. There will be no shortage of PMO shares to go around. I dont even want to think what quantities of shares will be issued at 32p. But it's a lot.

And that is why I try to understand the mindset of the other actors that have influence, looking through the looking glass at everything bring immediate objects into focus, but everything else disappears.

Planned or unplanned, the systems going to get turned upside down. Let's hope the percieved foes aren't looking to take advantage. But we haven't exactly endeared ourselves to our construed enemies, why indeed would they not seek advantage

Part is something else with the middle letters reversed.

I filtered the part, you should too. Not worth the discussion as there is none. And that folks is why we are in this conundrum.

It's all about energy, and its control.