The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Nettles
I see your skulking around TUI, it’s been sitting on my watch list for over a week now ready to trade :) Not sure we’ve seen the bottom quiet yet till the RI closes next week. It a tricky one going into a four day weekend and that US jobs data still dropping on Friday when the markets closed too. Closed well into the close today tho but those LTH they’re taking one hell of a beating in past few weeks watching the drop. A lot don’t have funds or courage to take up the RI and selling their rights. Someone’s going to clear a good profit once it does turn if you make the call near the bottom right :)))))
Kernow
Those cuts made by opec+ don’t feed in straight away. US have insinuated they’re in no rush to refill those strategic oil supplies they used to fight inflation in 2022. Filling those strategic supplies would add more pressure to the quota drops made by opec+ this week and feed into the oil price.
Fordm
I would think 95-100$/barrel in Q4 is feasible if Chinese and Asian demand grows higher than currently envisaged in recovery. Definitely makes it harder for western countries to tame inflation with price of oil feeding in everywhere and also aiding Putins finances in Ukraine. US won’t be happy as the spring and summer holiday season starts at home with more people using cars on the road. Oil at pump normally gets a bump up at the pump anyway when those seasons open up.
Not surprised in the slightest the US did t hold their side of the deal. Give them an inch and they’ll try to take a mile AND pin the blame on the other side too. Seems to me the US and Saudi Arabia agreed a target range where the price of oil would sit and how that would be maintained by both sides. When the US pushed the boundaries of that deal they made reassurances on did they not expect Saudi Arabia and opec+ not to react to maintain oil price control. What with everything else going on in the world the US has too many balls juggling in the air and potentially dropped one.
Few games being played and the US is party to the game playing being played out and the reaction from opec+.
People familiar with Saudi Arabia’s thinking say Riyadh was irritated last week that the Biden administration publicly ruled out new crude purchases to replenish a strategic stockpile that had been drained last year as the White House battled to tame inflation. Energy secretary Jennifer Granholm’s statement that it could take “years” to refill the reserve sent oil prices briefly lower. The White House had previously offered reassurance to Saudi Arabia that it would step in to make purchases for its strategic reserve if prices fell.
Some of the lost oil production could go back on this week if the below agreement goes through (see link). Iraq, Kurds through Turkey, 400.000 barrels a day. Wait and see if it goes through :)
https://uk.finance.yahoo.com/news/iraq-kurds-agree-resume-oil-091518753.html
NOPE or maybe your a dope! NOT CW but I’d love to chat with him sometime. He was obvious sane and not pretending to be a cat giving financial advice :) will give you a shout on my next trade for some more ramping till I sell ;)
Love oil and divs me, Texas tea you’all come back now, here!
****NAL for someone whose supposed to have been here years and I assume know the rules stick to the original thread. The only ones cracking up are the eight of us working in the office tonight watching the original thread. You know the rules here one thread please! USE THE ORIGINAL THREAD. We’re all watching here!
Eight of of us working late in office tonight watching with interest on the original thread. You’ve know put 4 yes 4 threads on the same topic. IF YOU DON’T KNOW HOW TO USE THE SITE THERE ARE INSTRUCTIONS ON THE SITE. USE THE ORIGINAL THREAD PLEASE.
Will wait for the next trade to open up here again, patience’s boys or girls. Closed a rather slow trade up on IAG today. Keep ramping boys and girls.
Nettles
Can you post a little more here as most of the traders I work with love to hear your nonsense and you pretending to be a cat. You’re nigh on cult status where I work at the moment. Everyone logs in to see if the cats been on the cat nip again talking BS. Your golden so keep giving us all the chuckles :)