Member Info for tom111

It would be nice to get to 7.50p as a spring board as and when the cpr drops

Just joking obmuj

Sorry I cant wait that long

On a tear up nearly 10%

looking stronger this morning should help sentiment

Thats not given

All these pundits mostly get it wrong, some where saying recently oil would be $200. We are not in destruction mode yet in any case OPEC would cut just reduce the supply.Also the US still imports oil and are still well behind what they were producing a few years ago

All these pundits mostly get it wrong, some where saying recently oil would be $200. We are not in destruction mode yet in any case OPEC would cut just reduce the supply.Also the US still imports oil and are still well behind what they were producing a few years ago

Sector reacting to sentiment at the moment not fundementals with talk of a pending agreement with Russia and Ukraine which im sure will make no difference to the oil supply which will remain tight

The way oil price is reacting you would think the war is over this is just the beginning with sanctions for possibly years to come imo

Also these sanctions are not a two minute wonder they will go on until Putin is gone and could even then continue,oil is a good bet imo

The Saudis will not let the oil price drop too far they and OPEC will just cut production,they will not get caught out a second time

Anyone got some loose change so I can some more?

Oil production from new assets plus new oil coming on line,cpr not forgetting figures from Pardox for starters.

Is the more likely but who knows,one thing for certain there is a heck of a lot of news being stacked up here for some reason

Yes I think your right V111JAS the longer this goes on the more likely it will happen.The cpr is way overdue now

Oil is down because of PEACE TALKS very fickle even if there was an agreement cant see sanctions being lifted whilst Putin is in power.

Im trying my best to prop it up lol

Yes a sea of blue nice

I wish we knew that with certainty but we don't Thebhoys its all guess work