Member Info for tom111

News breaking Bloomsberg OPEC considering cut of 2M bpd

Up 18% Canada.Thanks for the post Hazeen appreciated

Looks like the sp is just following the gyrations of the gas price until news drops

We know how volatile this share is so any whiff of good news will push this to new highs imo

Cheer up everybody we are up in Canada =51.4p gas and oil up very strong tonight gas being helped no doubt by the blowing up of the gas pipe lines

Cove plant Maryland LNG is shutting down for maintenance on top of which a mild beginning for Oct if forecast which is not helping.However i winter is on the way when we can expect the gas price to rise to previous levels I would have thoughtLooking to top up if this drops any further

Great I time to make a couple of pence

That's doom talk ToD the way I see it and nobody has mentioned it OPEC meets on the 5th OCT seems a dead cert they will cut production next week after seeing oil dropping so rapidly

The drop in the pound will compound inflation obviously petrol for a start should be around £1.35l instead of £1.64.

Meeting on the 5th OCT im sure thay are not happy the way things are going regarding the price of oil price,my bet is the will starting cutting production they already stated they wanted around the $100 mark

Got back in today its impossible to call the bottom in this market,im just waiting for OPEC to cut production it must be on the cards now

OPEC meeting is on the 5th Oct I have a feeling they will cut production

Im of the opinion that they cant sell for 4 months because of some news will drop within that period.4 months seems an odd time why not 3 or 6 months Anyway that my theory gla

Recovered 330 points in the last hour of trading maybe a slight recovery Monday,what ever this is beginning to look cheap again

Evening monms Dow down nearly 800 points down so I wouldn't be surprised if we get more of the same next week.Panic seems to have set in for the moment.However the Saudis are imo not going to stand by watching the oil price keep dropping and I think that they will step in soon and cut production like before,their target which they muted is 95-$100 which allowing for inflation imo is about right.

Never expected news until end of OCT beginning of NOV to be honest.In the meantime we have very low volume which dosnt help

Small companies always take the brunt of adverse market conditions and this is no exception.

Added to that the Dow Futures is below 30000 which dosnt help

the sp drop is nothing to do with the co all oil shares are down.If you check the S$P gsci index it has dropped heavily in the last few days.People get ratty when the shares drop,you either sell up or hang in the chose is yours.

With winter looming seemed a good idea to top up