Member Info for Shpunken

If no tr1 by Friday, then it’s just ppl trading profit from high 60s etc.. we have reached a bounce territory, so wouldn’t surprise me to see a 62-65p finish tomorrow

Lol obv it’s gonna jump, the only question is when.. we all know when the virus is gone oil will be bk above $40.. and if things going very well after $60-70 is very achievable in short term after that!

GDR is already extremely overpriced, the retrace there will be over 60%.. their mc is unsustainable, will never achieve sales to justify that mc... sng on the other hand, if ofc successful, is another story...

Spot price can’t go negative, only the futures and only on the day the contracts close.. also setting a limit sell price doesn’t do ****, don’t listen to made up stuff by the lala land brigade.. spike in oil was nothing short of profit taking by the shorters and it’s over now, always happens, just a breather before another attack until some good news comes regarding production/consumption and/or storage

Looking at the trades, I won’t be surprised to see a tr1 by Friday.. someone is buying.. similar to when GS bought in last week.. I still don’t see this lasting for the time being, the market grand is pointing downwards.. the gloom won’t last long though, so expecting only good times ahead

Lol 30p... this is going to 17p.. and I hope it will stay there while the oil market tanks and not drop bk to 12

This will drop below 0.2... might be it for ukog

According to the latest estimates there is about 600mb of storage left world wide and at the current rate that will get filled in 15-20 days if the cuts aren’t increased to over 25mbpd

Looks like profit taking

Saudi Aramco started reducing production earlier this week ahead of the May 1 deadline when new OPEC+ output targets kick in, according to a Saudi industry official familiar with the matter.
Aramco started to reduce production from about 12 million barrels a day to achieve the new level of 8.5 million barrels a day, the same person said, asking not to be named discussing non-public information. Aramco is likely to be pumping at the 8.5 million barrels a day target slightly ahead of the May 1 target, the person added.
Positive news but still can’t believe the cut was agreed from the 12mb mark.. the actual cut is only 2mb.. let’s see how others do this week...

Pls look at the previous 3 rns’s to understand what today’s one means

Barely any reduction at all, this is just one of those readjustments after the placing.. it was expected

That was expected

Not 120m it’s 149m shares in issue...

Until we get the news of a 50% farms down in Guyana and a 3-4 exploration well campaign, there isn’t much to drive the potential price up... I am very confident this will happen before the year end.. total or Exxon won’t miss the chance to pick up more barrels in Guyana with a big discount

I’ve said this a few times already, ppl always resort to conspiracies instead of actual evaluating the true issue

No it won’t...

This is heading only one way until demand picks up or we get a much bigger cut that will stop the storage from overflowing... good news will only spike the price and give shorters more profits.. next stop 22p... if we don’t get good news from OPEC, 17p by end of next week...

Will be bk to $17 short term...

Tlw will farm down and have enough money to kick start the campaign.. that’s the only thing that can take them bk to £2... Can’t see anyone but Exxon or Total buying the 50% stake from Tlw..