Member Info for Shpunken

Slift that’s simply incorrect, the liquidity even with our hedges comes to barely anything this year, that’s why the cuts were put in.. it’s all in the previous rns’s

That’s what was needed to get the Africa mess back in order.. he will be very connected and that is the only way business is done there. Happy about this rns, will be amazing for the future.. but short term i still don’t see the oil market going anywhere but south.. all the data coming out is a lot worse than predicted, but again can’t complain as will be buying more when this hits bottom

A record 160 million barrels is sitting in tankers around the world... oil is heading only one way.. unfortunately so are we.. next few weeks will be very bleak

Are being traded at near 0... June futures are dropping fast as well.. I never thought I’d see this.. world leaders can congratulate themselves on this great **** up, well done... forget about 12p being the floor, this is now hysteria zone... rip shale

Huge rise on the back of what?... we might see a spike but won’t be anything more than that.. everything is right now against the oil market, not sure how any of u are still no realising it.. the futures for may are about to enter into SINGLE digits ffs.. this virus is destroying everything atm and some of you are in la la land with ur “expect a massive rise”

Looks to be rock bottom atm, will be very surprised if we drop below that

Long term obv Tlw and others with solid assets will come good.. this was needed to get rid of all the non profit making companies in US and around the world.. if wti drops to $10 or below that would be the best thing for us in a long term.. don’t really care if Brent goes below $20 as well, won’t last , but can’t see that happening.. $25 on the other hand is around the corner... this week main EU countries will be releasing lots of economic data and if the agreement on corona bonds is not reached we will see the markets heading south

The margin between the two is unsustainable.. the premium won’t last, Brent will drop to below $25, it’s inevitable now.. this is heading to 12p, the economic data is dire and the lockdown has been extended in a lot of countries until mid may... that’s another month of very little consumption...

The only thing that demonstrates is that the pharma market is now a big bubble and when the time comes everything will come crashing down.. I still think sng will come good but other companies’ rise isn’t a good example

“Rigs are in freefall. People are talking about a drop to 11 million US barrels per day from almost 13 mbpd. It could be much deeper.

Weekly oil rig changes in key shale basins:
Permian -33 to 283
Eagle Ford -9 to 40
Williston -7 to 34
DJ Niobrara unchanged at 16
Cana Woodford -2 to 7”

Will show a full extent of the corona damage, so expecting a very turbulent time for oil.. but also it could end well on Friday if the EU countries agree on the corona bonds!

“Partial data from an ongoing clinical trial is by definition incomplete and should never be used to draw conclusions about the safety or efficacy of a potential treatment that is under investigation,” a University of Chicago spokesperson said in an email on Friday morning. “In this case, information from an internal forum for research colleagues concerning work in progress was released without authorization. Drawing any conclusions at this point is premature and scientifically unsound.”

That’s my last 17k buy, next week should be fun

It is a healthy retrace.. so far if the trend stays the same we should hit £1.10ish and settle around 92p before results... the demand is there and more ppl will be jumping in at these low lvls

Looks like 58.5 was correct after all.. did see the bid drop by 1.5p on a 0 share sale lol

Yes this can rise very quickly when we will see the world returning to normality... but that’s not gonna happen anytime soon.. the flight restrictions could stay until mid/end of summer.. that’s one of the busiest periods, so consumption will be hit hard.. leisure/entertainment industry will be off this summer, that’s another huge blow to the economy and to oil market.. pls look at the current picture with sober eyes! We will survive and will be bk to above 50p, but it won’t be now or anytime soon.. until the virus is defeated the lockdown and social distancing is here to stay

Should be very positive for us again, will be interesting to see if the drop rate % has increased again.. I think by mid/end of may we will get a good picture regarding how many rigs will be operational until the end of the year

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-04-16/opec-sees-demand-for-its-crude-dropping-to-lowest-in-30-years

Demand drop is even worse than predicted.. could lose up to 9mbpd this year.. hopefully 2021 will be a year to remember

Woodstock I agree with ur point, that’s why i still have some funds on the side, in case we do drop to 58.5.. so far 63p has been solid, the book was filled with buys at that lvl.. but then again, u never know, with aim.. could be a quick drop to that lvl before a spike bk above 63p

Woodstock, I was thinking the same couple of days ago, 58.5p.. but can’t see that happening now, the buying pressure is very strong