Member Info for Plebleens

Results post market close yesterday......Conference call today,

Working late members...? That will be yesterday’s 2q results then....was up over 15% at one stage in early trading....but a bounce from lower lows than June unlike PMO....

Hourly Brent down trendline resistance now broken.....bullish divergence on the daily Brent chart.....,weekly candlesticks on Dow, S&P textbook.....worst should be over....and more importantly PMO bounced off support.

Cactus II pipeline, supposed to be full next week, 670 kbd, provides a lifeline for the Permian to the Gulf Coast. Narrowing ti/br may kill the freight economics eventually....in the good ole days used to be Ti over Brent when the yanks were a net importer and life was simpler based around shipping freight rates,

Google cactus II and there is a Reuter’s article on the pipe being filled by next week. Now just need to work out at what differential the export economics don’t work....

Currently testing the downtrend on the hourly chart in Brent that has been in play since end July from the 65ish high . 30-40c higher from here (57.40) and break looks decisive. Or does it hold for yogi and his mates.?

Also seeing some bullish divergence on the RSI on the daily chart, which adds to the case for a trendline break. Enough for me to add length. Looking to see it back in 60s over next few sessions.

Saudis have drawn a line in the sand...Trump wants a weaker dollar.

Nothing new on Zama. Possibly get a bit more info on the conference call tomorrow afternoon....

Talos expects updated resource guidance to fall in the upper half of its previously disclosed pre-appraisal estimated range of gross recoverable resources of 400 – 800 MMBoe.

Additionally, unitization discussions with Petróleos Mexicanos ("Pemex") are ongoing with the goal of reaching a Final Investment Decision ("FID") in 2020.

And with ftse futures up 50 so far and PMO bang on support, should get a scramble to buy in the morning.....again

SAUDIS CONSIDERING ALL OPTIONS TO HALT OIL DROP, OFFICIAL SAYS

Well put Geo, and with Singapore fuel oil prices through the roof ahead of next years spec change, the eastern gas is pricing very nicely.

Decent recovery off last nights lows, with China saying that they wouldn’t use currency as a weapon.....any more than they have already shown they are capable of....

At least 82 resis yielded , now to close the gap around 85

MOL group 1h results on Friday.

The GS position is still curious, as no correlation with Share Price, Oil price or currency movements...for example mar 15th share price 86ish, cable 133 and oil 67, GS 7.87%.
22nd April share Price 106, cable 132, oil 73 and GS 6.19%.

Correlates better with the stock on Loan , which makes sense.

GS short stock to an unknown party and cover with cfds to neutralise, earning more from lending out the stock than paying the margin on the cfds? They not short physical stock in the market (would show up) unless they underwriting for Premier? Sea Lion, Catcher, more NSea assets? Tax credits still in play if oil under $90. Or are they simply building a long position for as yet unknown party as a M&A advisor ...? Taqa2006? Zama divestment as Talos look to earn out? All my opinion and probably way off the mark.

I’m on holiday, but if somebody has time, can they ask IR as this has been going on long enough for them to surely know why?

I complained to admin earlier about the board Becoming constantly clogged up with unnecessary spam , fca non compliant and agenda driven manufactured drivel. looks like the disruptive employee has been retired for now under this pen name. Sadly Publicity in any shape and form sells clicks. Hopefully chat can return to reasoned debate .....time to suck on another Werthers...

Reuters article from Trump post cabinet meeting saying that progress being made with Iran and not looking for regime change.....Iran prepared to negotiate about its missile program

Correction aal has 10% not no shorts

I’m still of the opinion Zama gets sold to pay off debt and free up money for Sea Lion. With so much stock out on loan and relatively few shorts over 5%, anybody of the opinion that the preliminary negotiations have been done? Remember Anglo American has 21.5% stock on loan and no shorts above 0.5%, being defended by the banks against takeover. But does have a convertible bond maturing in 2020

Great candlestick to finish the day with. Bodes well for tomorrow’s action and closing the gap near 85.

Good luck

Comedy Gold once more. Style of attack and grammar is very similar to others on here.....

Gap to aim for just below 85. Dated Brent average for the year better than last. Debt reduction accelerates 2h of the year. Enough to start the shorts reducing once more

As per the GS thread, back upto 19.95 for June.....but is stick on loan not total shorts

2 schools of thought....GS either lending for a few to shorters but via cfds rather than physical stock. No idea who writing the CFDs for Goldman , apart from one of the major institutional holders. But ties in with a drop in oil

Or average stock on loan is back up to 19.95% in June. A few companies have higher such as Immarsat , Anglo American etc (all currently subject to approaches) , so Goldman utilising CFDs to build a position for as yet unknown party. Interestingly the position change started once more post Zama announcement

OPEC meeting not til first week of July post G20, pretty much foregone conclusion

Decent rally yesterday, pause to hear the wise words from the fed...,