Making the news today....

[eggsarascal]

1 minute ago, trigger_andy said:

Donkey Punch? 

Right, shut it!, I've a phone call to make.

[Ratman]

Donkey Punch? 

Alright tigger!

[trigger_andy]

Just now, tree-fancier123 said:

do you know what? I'm feeling a bit sick, but not corona - another reason, when we were discussing low oil prices the other day I remember telling you about buying Shell for my ISA, well I bottled that position and put the money in BT instead. Now bloody Shell is up over 30% since its lows. How long before the next pandemic? - I'll make sure to hold and not fold next time.

Although maybe this oil rally is short lived, they could still be paying customers to take it if the storage fills up

Damn, that kinda sucks. Shells always gonna bounce back, all the big players are. My Companies Stock was at its lowest between January 1st and March the 31st at $4.80 .I put £600 a month into a Company Pot and every three months I get the stock at that lowest point. Already they're now back to $7.60. But they where $25 in January and  May 2018 they where $52.  So potentially in 12 months I'll have made 10 times on them. We'll see. 

 

Supposedly Russia and OPEC where meeting to discuss chocking back the taps over the weekend, so if we see them stop swinging their Dicks we might see the taps close and prices return to a healthy level. 

[trigger_andy]

5 minutes ago, Ratman said:

Alright tigger!

Im surprised you two guys got that.  

[Ratman]

Im surprised you two guys got that. [emoji3] 

We knocked around for a while! [emoji6] your oats dont poison us! [emoji4]

[trigger_andy]

Just now, Ratman said:

We knocked around for a while! your oats dont poison us!

Thought you where much older than that.

[tree-fancier123]

 

19 minutes ago, trigger_andy said:

Damn, that kinda sucks. Shells always gonna bounce back, all the big players are. My Companies Stock was at its lowest between January 1st and March the 31st at $4.80 .I put £600 a month into a Company Pot and every three months I get the stock at that lowest point. Already they're now back to $7.60. But they where $25 in January and  May 2018 they where $52.  So potentially in 12 months I'll have made 10 times on them. We'll see. 

 

Supposedly Russia and OPEC where meeting to discuss chocking back the taps over the weekend, so if we see them stop swinging their Dicks we might see the taps close and prices return to a healthy level. 

I hope they dont cut and all US shale is bankrupted. See what garbageTrumps twitter account churns out then

Edited April 5, 2020 by tree-fancier123

[trigger_andy]

Never mind. OPEC meeting delayed.   Stupid twats. 

 

 

OPEC Meeting Is Delayed as Saudi and Russian Tensions Flare - The New York Times

WWW.NYTIMES.COM

---

The meeting, planned for Monday, had buoyed hopes for a quick deal to end the turmoil in oil markets.

 

Edited April 5, 2020 by trigger_andy

[Ratman]

Thought you where much older than that. [emoji14]

Cheaky twunt!!! I’m only 38 this time! [emoji4]

[trigger_andy]

Just now, tree-fancier123 said:

 

I hope they dont cut and all US shale is bankrupted. See what garbageTrumps twitter account churns out then

The last down turn was because OPEC see's US Shale as a major competitor and would destabilize their position. So OPEC turned on the taps dropping Crude down from $100 a barrel to a price well below the break even cost of Shale. Which was about mid to high $60's. But the US Shale through ruthless cutbacks and innovation reduced their break even down to mid to high $20's, or low $30's, I cant remember now. But OPEC blinked first and agreed to chock back. I do wonder if Shale can withstand another stress test so soon after the last, and biggest down turn Ive ever seen. I guess thats yet to be seen. But this latest pissing contest is with Russia. One things for sure, Shale is here to stay. Frac Rigs will just get mothballed till the prices go back up a little. Shale oil in the US is beyond massive and now fairly cheap to produce thanks to new tech and OPEC for forcing their hand.  

 

The US just needs to get a proper foothold in Venezuela and OPEC will lose its control on the market.