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Thread: Crude Oil

  1. #321
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    Quote Originally Posted by shasta View Post
    I've recently acquired some CVN, the oil sector is unloved, but gas in Aussie is an increasing issue re demand. CVN has both and an exceptional strike rate in the NW shelf WA where all there projects are concentrated.

    Well worth a read of the last presentation and quarterly.



    Market cap around 90m with 52m cash and no debt.
    This teaser should help the s/p shasta.

    Download Document 364.65KB

  2. #322
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    It'll take 25 barrels of oil to make each EV. Don't worry just cos fuel use in vehicles is starting to decline, we still have to make all those batteries and 3 billion cars to be replaced? And all the solar panels, just cos we ain't burning it directly while driving, doesn't mean it's not consuming indirectly.

    Our government has waived road user charges until 2021. That only helps the early adopters. Then the cost of running will jump up. I suspect the rate will have to go up as they start missing all the return from fuel excise tax.

    There will obviously be a lot of people hanging onto old Dino tech for various reasons. The problem with the technology is that it doesn't allow for a disorganized human. I can't be bothered to plug in my phone nor wait an hour to charge... How's my car gonna be different? Much rather go buy some gas.

  3. #323
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    Oils down a lot, will it go further or upside from here

  4. #324
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    ASZ 2019 competition closing in few hours
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is manditory.

  5. #325
    Senior Member airedale's Avatar
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    Amazing gap down from $43 to $27 when US market opened.

  6. #326
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    Quote Originally Posted by airedale View Post
    Amazing gap down from $43 to $27 when US market opened.
    Yeah that was a huge gap. I did nibble and buy some oil today at $30.90. Will see where that ends up. Down currently but thinking in the next 12 months will have chances to exit profitably.

  7. #327
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    Black cap...
    oil is headed to $20us or below...
    Into the total unreal prices

    .^sc

  8. #328
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    Quote Originally Posted by Shrewd Crude View Post
    Black cap...
    oil is headed to $20us or below...
    Into the total unreal prices

    .^sc
    It may be, it may not be, but if it does I shall be purchasing a lot more. Now I have to find a space on my lawn for the 200 barrels I purchased today. The Mrs was not happy, looks like the lawn is going to be covered

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  10. #330
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    Oh wow what is Saudi Arabia doing here...
    They need $82-84us per barrel just to break even on the books...
    With the demand shock this could get real ugly...
    $15 barrels next is it... this is truly the twilight zone...
    I just cant come to terms with how sickening that is...

    .^sc

  11. #331
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    Shrewdy,
    Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
    ps Don't believe Trump's claim it will be all over by Easter.
    Best
    to
    you Shrewdy and stay isolated.

  12. #332
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    Corona invaded into commodity market as well.

    Oil should bounce back in the second half of 2020. It can happen next week or next month too if corona statistics come true. I expect the average price of Brent at $35 to 40 per barrel in 2020. China is stockpiling oil. The United States also want to buy crude oil for the Strategic petroleum Reserve. Low commodities prices are boon for many industries.

    https://oilprice.com/Latest-Energy-N...m-Reserve.html

  13. #333
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    Quote Originally Posted by bermuda View Post
    Shrewdy,
    Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
    ps Don't believe Trump's claim it will be all over by Easter.
    Best
    to
    you Shrewdy and stay isolated.
    I agree bermuda ... I'm sure your not to leveraged or exposed but I've certainly taken the losses and moved funds out from the energy sector ... going take some time to see crude demands back at longer term averages ..2021-22 etc ... I'll be very surprised to see Brent over $40bbl this year .. far too many energy producing nation's with excess supply..

    Only hope is US Shale + Tar sands operations grind to a halt must be a list of bankruptcies coming 2H20 at these levels
    Last edited by JBmurc; 26-03-2020 at 10:51 PM.
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  14. #334
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    Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.

  15. #335
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    Thank you Bermuda,
    Look after yourself sir...

    Quote Originally Posted by Joshuatree View Post
    Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.
    Straight into boosting Strategic petroleum reserves (spr)...
    ....


    .^sc

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  17. #337
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    LOL and just like the end of the oil 'ego' price war ....
    cc

  18. #338
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    Today the biggest day in oil price history ...
    US oil prices fall into negative prices .. here I will pay you to take the barrel away....

    https://www.google.com/amp/s/amp.the...ped-below-zero
    cc

  19. #339
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    It hit -$40us totally unreal ... can not believe it...
    cc

  20. #340
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    Quote Originally Posted by blackcap View Post
    Yeah that was a huge gap. I did nibble and buy some oil today at $30.90. Will see where that ends up. Down currently but thinking in the next 12 months will have chances to exit profitably.
    Would you like to pay me and I can take those barrels of oil off you...
    cc

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