Member Info for Teddy100

Once tankers start moving freely through the straits it will jump another 10%. When we break 1100p the shorts will start getting twitchy and it will be at 1400p very quickly if the mood music lasts.

If Angie gets the big job I am afraid not.

The insurance companies will not provide insurance unless there is 100% safety assurance. The physical cost of 300Mil for a VLCC and a full cargo is only the small part of the claim. The Exxon Valdez cost 7 Billion in clean up and claims and that was in 1989, present day value is around $20 Billion. No safety, no sailey.

I can’t see it dropping below 30p, if it does, I will be buying more.

@Goldfinger: 812 days to cover? I think you need new batteries in your calculator. Based on a short of 19.3%, (Official stated figure x 1.3) you are looking at about 15 days of trading, which is still pretty substantial, but not 812 days.! The UT needs to be taken into account as most shorts close out at the auction.

Well done to those who bought and held when it was below 20p, unfortunately it wasn’t me👏

As Varadi stated, Wizz have a great hedge for the summer Season, bookings are up on last year by 17% and throw in a bit of expansion, what’s not to like. As he said, ‘You don’t have to run faster than the bear, only faster than the guy next to you’. Mr Market likes it.

What’s occurring here, lovely price action.

Brent at $122 and Wizz up 1.34%, when the SOH open and normality resumes it will be some party.

I am surprised the SP is holding up the way it is considering Brent is now touching $120 a barrel. That said, it just means the paper price is getting nearer the physical price, physical spot oil has been kicking North of $130 for the last 4 weeks. Make no mistake, demand destruction will start kicking in at these prices, the sweet point for the oilers is $80-85. Oil will eventually come down and it will come down hard, we will certainly see peak oil in the next four years. The Emirates are going to drill drill drill. That is what DT always wanted the ultimate break up of OPEC, which would be nirvana for the airlines.

Interesting news that UAE are leaving OPEC, for some time they have been pegged to producing 3 Mi BPD but have the potential to pump nearer 5. It will certainly help supply and price.

With another 35 being delivered through 2026, mostly A321 NEO’s.

Nice piece in Reuters today regarding summer schedule and fuel situation.

Just the sentiment in the construction Industry, especially house-building. A well ran company with great products, their time will come.

Amon, you need to do some fact checking, munition supply would only be an issue for America if another war started. The missiles that have been 50% used are the Patriots and they still have 50% supply. During the cease fire the yanks are cranking up the capacity dramatically. It is my belief that DT is not that bothered about a quick fix, he is going for a blockade to instigate a revolution and if he did that he would be on the right side of history. Don’t underestimate the yanks capabilities as a war machine, they can see this out for another 6 months.

What a pull back, with 4Mil UT.

Mood music also hit by American Airlines releasing a story this morning that their costs will increase by 4 Billion this year due to fuel costs. The yanks don’t hedge their fuel so taking a full hit.

Brent up 7.5%, BP was the trade on Friday afternoon when it briefly fell 9%, should see a at least a 3% bounce tomorrow morning chaps.

Brent up 7.5% now 😩

First print coming off ICE on the opening is $87.5, so the markets see this as a short term blip, the fist 30 minutes is always thin trading, but if it stays like this through the night the markets are pricing good news for tomorrow night . If the price is the same tomorrow morning, I can’t see a big drop tomorrow.