Member Info for Shpunken

No I don’t wish, that’s just how it’s been.. it has no reason to finish strong, and traders destroy any gains as they now that for now nothing will happen

It’s dropping already, most likely will finish on 5-6% up

10p does seem like a new bottom now... it would’ve been better if they just kept quite until end of April and then started announcing positive news and potential deals.. we could test 13p today for sure but again, come Tuesday and we will be bk to 10p

I am really starting to believe that trump trades oil, that’s the only way to explain why he does what he does... these volatile jumps do nothing good long term, traders are the only ones that benefit, unfortunately

There is no reason for it not to be

Just read that all the urals shipments in the last 2 days have had negative value.. article states that shipment plus taxes and other expenses have made the price go negative.. sechin must be really happy with this circus.. they are so ****ed, country will have to live on the $530b and how long will that last...

I see no reason at all why it won’t survive.. ppl need to look at our assets.. yes we have debt but that is not important when u have assets like we do.. worst case scenario here is we are sold for £500m.. company gets taken apart but by that time we won’t care... we are hedged and I am more than sure the rbl deal is/will be done, so no worries there.. as for the sp, it doesn’t matter how low it’ll drop until the end of the year.. now, if we are in the same position this time next year, that’s when I’d be worried

I understand what u r saying but unfortunately at this moment I can’t see anything helping us unless by magical our debt is wiped out overnight.. the market overall is in deep **** and we will follow its trend whether we like it or not... the really bad numbers are yet to come, so when they are cleared we will definitely start moving in the right direction

RBL can give us a short term boost, but the sp will still drop after that.. we are a good 2-3 weeks away from the virus making a u turn.. so at this moment doesn’t matter when rbl comes out, unless ofc u want to trade..

Deriving from all the info available I think it might even be more than 60%.. obv won’t happen over night, this will take time.. but in the end shale industry is only going one way.. shale boom will never happen again, so the strongest will survive and the rest will vanish

No one thinks that the industry will vanish, but it will suffer catastrophic loses... a lot of those companies are private and creditors have already spoken about having 0 appetite when it comes to lending money in that sector... 2020 is heavily hedged, so plenty will keep on pumping, but that money will go straight to creditors and not towards sustaining production and that’s where the damage is done.. so say by 2022, they could see production cuts by over 60% or more... and no new companies will be appearing in that sector in the near future

API numbers are out later on today

This with ya will take over a year to clear, how low can this go is the only question until the end of the year... but when it’s cleared the future does hold a great potential

It is greedy of her to do that... if she sorts out the company and we end the year above 60p, I will personally myself vote to give her more money.. but the fact that she just did this while the company is in great financial distress shows she is nothing but another greedy scum

Eco released an rns today saying they are cutting the salaries by 40%, Tlw should take notice of that, show us investors that you care about this company ffs..

Meanwhile, pipeline operators in Texas are asking producers to stop pumping oil because storage space is filling up. The storage problem is becoming critical on a global scale. According to the chief analyst of data analytics firm Kayrros, if storage continues to fill up, oil prices could fall close to zero. This zero space available could happen in months, if not weeks.... so very dramatic lol

I think u bought prematurely, oil is in for a very tough ride tonight... I will wait until the inventory figures are out before buying a bit more

U mean 2%

CFD did u actually read the article?

Marcel the issue with oil below $20 is not just with the oil industry itself. The $20 barrier represents a no go zone, a must avoid at all costs area, so everyone, and I mean everyone will do everything to avoid that from happening, that’s why I am certain that this will be avoided... production will drop by huge numbers very soon, regardless of the agreement between Ru and Sa.. we are witnessing already, especially in Europe, refineries cutting down production by significant amounts.. the shale downside will take a bit longer as they will carry on pumping regardless of the price until they go bust basically.. around the world I see production dropping and then coming bk very slowly may be in 12-18 months time.. so the glut of around 20mbpd can be used up pretty quickly, especially when the borders open and we start polluting like never before