Member Info for Skwizz

Does UKOG have shares in it?
:)

*hump (even)

Yep.
Chump started this a few years ago when he 'triumphantly' opened American taps to make america great again.
No wonder Putin's got the hum (with Chump).

I'll be using my full 2020/21 ISA on Monday.
It would be nice to use some to buy some more BP shares on the cheap.
At the moment BP's back at the levels I first bought, back in 2026.
:)

Thanks Ocelot.
I'm watching developments on this closely, as I have other oil holdings that would be affected more immediately (more than UKOG at least).
:)

We might find out on Monday after the next OPEC+ meeting.
If they agree cuts, the prices will rise, but nobody's using it yet anyway.
So we still have a glut to get rid of.
:)

https://uk.investing.com/news/commodities-news/opec-debates-biggest-ever-cut-as-virus-destroys-oil-demand-2088522

Co-incidence?
Lololol.
:)

Saudi and Russian interpretation of conversation and events may differ to Chump's.
Who'd ever think that he'd have a different recollection of something to everyone else?
Tin-hats on folks.
:)
https://www.marketwatch.com/story/trump-doubles-down-on-his-claim-of-saudi-russian-oil-cuts-2020-04-02?mod=mw_share_facebook&fbclid=IwAR3CqIxDKlKwifYj4vJp9vM6IhGha0vWlBVZgMr8sa8I6UeFlHGH49otM7E

TH
Chump tweeted an OPEC deal and Saudi has asked for an urgent OPEC meeting.
:)

China's buying again, taking advantage of the price war.
Should also help with the shortage of oil storage capacity in the West.
While I don't believe UKOG are tied too closely to the price of Brent (yet), I do think we've felt some of the storage issues.
:)

"Remember, at this moment you may have a paper loss, You will only lose if you sell at a loss."

This is a mantra I follow.
But remember, it is only partially true.
I've already had one oil investment I was holding (ETF fund) go down because of this pandemic and only got 10% back.
So you can also lose by not selling.
Many of those who sold UKOG for a loss, believe they've only done so to cut potentially worse losses.

I've been able to do a little buying and selling lately.
Most of my investment is only long-term because I've already made more than enough profit from trading to cover any new loss (although I'd rather not lose anything anyway).

Good luck to all strategies.
:)

China has begun buying Oil for its' state reserves again, after the price crash.

https://uk.investing.com/news/commodities-news/china-starts-buying-oil-for-state-reserves-after-price-crash-2087444

It isn't the BoD's function to locate huge oil and gas pools.
The board of directors' key purpose is to ensure the company's prosperity by collectively directing the company's affairs, whilst meeting the appropriate interests of its shareholders and stakeholders.
:)

O.M.G!!!

Good luck, SR.
:)

I have my 2020/21 ISA allowance ready to use.
It won't be going in to UKOG though.
Got enough in here already.
Want to see some benefit to that first.
:)

Trend = one morning?
:)

Yeah, because Joey has never spread codswallop.
Lololol.
:)

I was just about to link you to wikipedia's page on "Joey the Clown".
Then I realised that particular Joey was an old Chicago mobster.
Not really similar.
;)

Putin wants Chump to turn off the US taps, before he will.
:)