brummell
24 Apr 2018
Re: AGM and Trading Statement Oooooh Joey. That obviously hit a raw nerve. We're all entitled to an opinion and you've made clear what yours is and you obviously feel very agressive to anyone who disagrees (especially the "western lying media" like the BBC. If only Russia had such freedom of the press). Your attitude says it all I'm afraid.Just as a matter of interest I suppose that you feel that Russia's nuclear arsenal entitles it to spread nerve agents in the UK, rig its own elections, suppport war crimes in Syria and then keep out the inspection team until the evidence has been cleaned up or has dispersed, atttack at will other less well armed countries like Georgia and Ukraine, shoot down civilian aircraft in peace time etc. etc.[link] spends one tenth of what America spends on Weapons__________ __________ __________ _________Russia's projected GDP for 2018 is about one thirteenth of that of the US and well below the UK, France , India, Brazil, Italy and even Korea. [link] suppose all the 11 countries above it in the list would be justified in spending as much on armaments? That would make it just your preferred kind of world I suspect.An argument you can't possibly win in a free and democratic country I think.
JoeyTheFox
24 Apr 2018
Re: AGM and Trading Statement One has to wonder what qualifies it to have a power of veto over UN decisions other than the fact that it chooses to spend its money on weapons rather than on the welfare of its citizens.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Brummel you sound like a mouthpiece for the BBC or any of the othedr western lying media.Hope your predictions regards TLW are more accurate.Russia spends one tenth of what America spends on Weapons.What qualifies it to have a veto in UN, It's a country that can blow America and Britain of the face of the Earth if they push Russia to far.Stick to making claims about TLW,where your track record is not that good really, and leave the political stuff to the ones who really know what's going on
brummell
19 Apr 2018
Re: AGM and Trading Statement With Brent approaching $75 and showing continuing strength there is now a belief that the oil "glut" has been exhausted. That puts Saudi in a stronger position to exercise some control but their "break even" oil price has come down considerably and is now around the current price (dyor). Imho Saudi will only regain a level control if they are seen to continue adopt a more acceptable attitude to human rights and foreign relations. If representative the sort of sentiments expressed in this article will alone sustain a bullish environment for oil:[link] you believe in an oil based "economic war" I think that the focus is likely to move off the blunt weapon of oil as a more focussed approach is adopted following the collapse of Venezuelan oil production, particularly if the US returns to sanctions on Iran. Developments in Syria (and the UK) appear to put Iran and Russia more in the firing line now and if war crimes are confirmed they stand to become branded as "rogue states". Imho that will lead to more effective international action against them. We should not forget that Russia is a poor country. This list of projected 2018 GDP per capita shows it at 68th position and sinking. That puts it below countries like Turkey, Grenada, Romania and Equatorial Guinea:[link] has to wonder what qualifies it to have a power of veto over UN decisions other than the fact that it chooses to spend its money on weapons rather than on the welfare of its citizens.That aside, perhaps we are seeing the oil market returning to more supply/demand based pricing and better stability.
MisterHarry
17 Apr 2018
AGM and Trading Statement AGM and Trading Statement next week, should be some good news. Got a feeling that the EIA figures out tomorrow will be good, they were a bit massaged last week......Tullow should get back into the FT100 THIS YEAR....
brummell
13 Apr 2018
Future of oil Companies like Shell have to plan long term and they presumably paid some very clever people to come up with their business strategy:[link] all three scenarios, investment in new oil and gas production will be essential to meet ongoing demand. That’s because demand for oil and gas shrinks more slowly than the natural decline in production from existing oil and gas fields under any credible scenario.” Interesting to see that they are continuing annual deep water investment of $5-$6 bn. over the next couple of years, $4-£5bn. in conventional oil and gas and £1-$2 bn. in shale.Meanwhile Venezuela continues its not so voluntary support of OPEC rationing:[link] the poor people in Venezuela though.
brummell
13 Apr 2018
Re: A rerate? Sage, Perish the thought. As President he has to relinquish control of his holdings. There was quite a tussle over that at the time of his election but things then went quiet and I can't remember what happened.Sound as if the net is closing in but how could such suspicions be true of a man of his outstanding moral calibre?
sage in the hills
13 Apr 2018
Re: A rerate? ....do you know brummell ....I had been thinking the same thing of late ...I bet he (Trump) [ and others] has got brokers placing and closing options and futures contracts each morning and night ..... based upon the tweet issuance.(Lets face it, he has a considerable personal asset bank himself to work from )SAGE
brummell
12 Apr 2018
Re: A rerate? On the other hand Trump comes out with the usual reversal himself. One could almost take him for a trader.[link] "Never said when an attack on Syria would take place. Could be very soon or not so soon at all!"
brummell
12 Apr 2018
Re: A rerate? Dramatic backdrop and not one that anyone wants to see go badly but it also presents a trading opportunity. Traders will have to be nimble to avoid the potential reversal.[link] at the pivot point. It's a binary outcome. If it's a pinprick in Syria, we've seen the price gains. We'll sell off afterwards. If Iranian assets, in particular in Syria, get hit, it's a game changer," said John Kilduff, energy analyst and founder of Again Capital."""If this is all contained to Syria we've probably seen the bulk of the rise. The issue you get into is if there's a strike on Iranian assets in Syria, a direct hit on Saudi, or a scenario where the Saudis and Israelis team up to take it to Iran directly, that's where you get into triple-digit oil price land," said Kilduff."
shugg1e
11 Apr 2018
Re: A rerate? 260p target on this run
brummell
11 Apr 2018
Re: A rerate? Things are certainly heating up. The beginning of something bigger or a storm in a teacup? [link]
brummell
11 Apr 2018
Re: A rerate? Or is it Trump again? The sabre rattling on both sides may be unsettling the oil market. Brent hit $73 this afternoon. Every $1 up at this level is leveraged for TLW.
MyHobby
11 Apr 2018
A rerate? Or a bear squeeze?
brummell
03 Apr 2018
Re: API data gives a March red flag This article gives a more logical view of the oil price imho. Historic comparisons of reserves are irrelevant, it is the number of days supply represented by oil stocks that is important. [link] majors' supply line is faltering after the cutbacks in exploration and it will take a long time to make up that gap in the supply chain. Where else can they turn but to the smaller companies that were able to react quickly (like TLW) and continued exploring?
BassCadet
30 Mar 2018
The sinkholes are coming. [link]
