Member Info for Shpunken

Bad news has been priced in yes, but to what extent? I don’t see oil dropping below $20, but I see it reaching that number and maybe going below it during the trading hrs etc... as for us, I personally don’t care what the price is for now as long as we see virus easing by the end of April, and the world getting bk to normal by June.. either way we are now reaching the point where things can only improve!

Will be out tonight and tomorrow, so we could see a big drop in oil tomorrow, I’d expect another 10% drop

Looks like a breather today, oil is having a little break as well

“Opinions on the current state of global oil markets were exchanged. It was agreed there would be Russo-American consultations about this through the ministers of energy,” the Kremlin said in a readout of the call.

JPM are saying they believe the markets have reached bottom... won’t get much worse than this... some encouraging news regarding the virus from UK.. this week could be very important statistics wise

JBatch u need to learn about shale and how it operates to understand that they are screwed.. hibernation mode will be available only to a few companies there which trump will save anyway.. but around 60% if not more of the market will be gone... oil simply can’t reach $10 as that would be the end.. ppl running the oil companies always said, Oil won’t drop below $20 and won’t go above $200... countries always react when they see oil trying to drop below $20, so expect a lot of bs stimulus to be announced, the minute we r flirting with that lvl

The two will be talking about energy, he said, "among other things," saying that Russia and Saudi Arabia "both went crazy" about oil.. spoken like a true president lol may be Putin is about to play April’s fool joke on trump

Lol bulet, chill, 10p was inevitable and is only a start of the fall.. this is going all the way to 7p.. the cash injection by US and others was way premature and I can see them announcing another round of stimulus at the end of the month and that will be the one that kick starts the bull run..

yep, agreed

I agree with u, corona is the thing killing shale.. my only worry is that shale will be saved again, but ofc the production will suffer huge numbers... I’ll be happy with a 60% drop by summer

Nothing happens regarding oil in Russia without sechins approval.. this fat ogre kept saying that they will also increase production to counter saudis lol but in reality and I know this for a fact, the max capacity to increase production is around 200kbpd, which is laughable.. they haven’t invested in their own industry since the Crimea circus as literally all the money is being used on that and Syria... there are parts of Russia where ppl have no gas ffs and petrol costs astronomical amounts because of its shortage... So trust me, Russia has no chance of winning this war.. plus only positive regarding having the fat clown in the White House is that he will do everything possible to bring bk order to the market to win the election, so am not worried at all about the oil price long term

It’s also obv that in the next 2-3 weeks oil will be on its knees and we could see 7p here again.. but to say that Tlw will go bankrupt because of that is just pure bs

Marcel, sechin is the reason why oil is this mess to begin with.. Russia won’t win the fight against shale, they don’t have enough resources to do that... if it wasn’t for the virus they would’ve had a very good chance of doing that, but with significant reduced demand, they won’t last... they will cave by may and sign the agreement with opec if the world is still in lockdown

You are talking out of ur ass again.. you need to understand that until the end of the year it doesn’t matter what the price of oil is, we have enough money to survive even if oil hits 0... the problems start if oil is at 0 by 2021.. so saying that we will go bankrupt just shows u know nothing about the company and it’s cash/debt position..

Rosneft, Russias main oil company (putins & sechins company) has announced today that they will seize all operations in Venezuela and have put all their assets there for sale.. looks like Venezuela will be producing 0 barrels and until sanctions are lifted their oil industry is officially dead...like I said before Russia is on its knees, and putin is cutting his international dictators support group costs... good for us

Guyana operations are going ahead, Exxon know this will be their future source of income, so they are going to develop it quickly regardless of the market conditions...

Trump with his comments regarding Boris just made sure that Monday will be a blood bath in uk markets... also the rig count down by 40, was expecting a lot more than that..

That was a given, not sure why u r surprised

Technically it’s not all bad, this will push crooked governments to follow the rules and improve conditions for the companies wanting to do business.. i can see all our issues being resolved this year and strategically being placed in a much better position long term than we were 12 months ago

The glut is immense that’s why I said we need a deal between these idiots to cut production by around 4.5-5mpd (US included).. glut will be gone in 2 years tops with effective cuts, not an issue there... all depends on the negotiations between the twats in charge