Member Info for pasajerodeltoro

https://www.msn.com/en-us/finance/markets/a-floating-hoard-of-north-sea-oil-is-starting-to-diminish/ar-BB15i93N

pt = 52p for this.

https://www.nasdaq.com/market-activity/commodities/bz%3anmx
https://www.dailyfx.com/crude-oil

https://www.lse.co.uk/ShareChat.asp?ShareTicker=SBRT&share=Etfs-Sbrt

Temporary PT in the 50s in the near term based on TA & evidence isn't good enough to declare a 2nd C19 wave yet.

https://www.cnbc.com/2020/06/09/goldman-sachs-oil-price-correction-up-to-20percent-may-already-be-underway.html

PROPAGANDA
https://www.drax.com/press_release/drax-sets-world-first-ambition-to-become-carbon-negative-by-2030/
REALITY
https://www.linktv.org/shows/burned-are-trees-the-new-coal

15-May-20 Sell Will Gardiner 195.40 GBX 20,798 391,544

"A new law enacted in Slovakia is a brave start, given the typical bullying from the forest industry. After forest activists at WOLF Forest Protection Movement (the lead plaintiff in the biomass lawsuit) demonstrated damage to forests from biomass harvesting, the government last year restricted bioenergy subsidies to mill residues and energy crops, eliminating subsidies for forest wood. "

https://www.nybooks.com/daily/2019/10/14/the-great-biomass-boondoggle/

“Do policies that promote burning more wood cause more growth and carbon storage in forests than leaving forests standing?” the authors asked. “Again, research shows the answer is no.”

https://news.mongabay.com/2020/05/scientists-warn-congress-against-declaring-biomass-burning-carbon-neutral/

https://www.edie.net/news/10/European-lawsuit-on-biomass-rules-threatens-Drax-plant/

https://www.nasdaq.com/articles/unite-union-holds-ballot-for-industrial-action-at-drax-power-plant-2020-06-09

BBC are now pushing propaganda about DRAX. I've seen Planet the humans on Michael Moore's channel, so I'm decided to short DRAX until it's a penny stock. It's the moral thing to do. Get out while you can.
https://www.counterpunch.org/2020/06/09/big-green-meltdown-over-planet-of-the-humans/

BBC are now pushing propaganda about DRAX. I've seen Planet the humans on Michael Moore's channel, so I'm decided to short DRAX until it's a penny stock. It's the moral thing to do. If any of you want to join me, I'll be in the DRAX chats.
It's about time somebody does something about them. https://www.counterpunch.org/2020/06/09/big-green-meltdown-over-planet-of-the-humans/

Best to leave this for a bit until there's news is my advice. Remember that this is a proxy to the oil price at the moment, so you are vulnerable to sudden oil price drops in the near term. Take a look at the balance sheet if you are investing or identifying new key levels, don't just rely on momentum, consider fundamentals before all else.

Oil price drops = This stock drops. Simples. They can hedge against this by going through with my WTI storage idea. May sound desperate but actually this is idea is based on the rent revenue generated by VLCCs from oil traders. It's risky to store oil at sea for obvious reasons, less so on land, but you need space and people with connections. Africa has loads of space and Tullow has the appropriate connections. However, it'll take a while for anything to happen if they decide to go ahead. They would have to spend some cash hiring security, logistics and engineers to build new storage facilities. Probably cost a few million in the short term, & take a few months to set up, but I think it'll be worth it. Smart money goes to passive income like rental agreements.

https://www.bloomberg.com/news/articles/2020-06-06/opec-tries-novel-strategy-to-turn-oil-price-curve-upside-down

My bad -- that's about brent, but the reasoning is the same. Storage issues remain for both WTI and Brent.