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But if we look at the flip side of the coin, n subscribe to the notion that the shale n SA camps are trying to drown each other by flooding the mkt with the leylong prices, then they really are suicidal cos when demand recovers in future, they wld have depleted a substantial portion of their reserves on the cheap. This in turn might result in self-inflicted poverty going into the next millennium?
Qanghoo ( Date: 09-Dec-2015 14:16) Posted:
I have also been having the same thought for sometime. N, one of them is the PRC. Believe they are really drinking up real cheap, which will do them a lot of good when their economy recovers. In fact, my other thought has been that if oil continues to be this low, n those who can keep soaking up the excess dirt cheap, n ' hide' them ' at home' , then this wld probably prolong the depressed oil mkt. Who knows how much the PRC is now hoarding with so much loose cash available.
littleones ( Date: 09-Dec-2015 10:53) Posted:
| Many non oil producing countries are buying oil on the cheap quietly. These oil are stored away for future used. At this rate oil wealth is being transferred from oil producing countries to non oil producing countrie |
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I have also been having the same thought for sometime. N, one of them is the PRC. Believe they are really drinking up real cheap, which will do them a lot of good when their economy recovers. In fact, my other thought has been that if oil continues to be this low, n those who can keep soaking up the excess dirt cheap, n ' hide' them ' at home' , then this wld probably prolong the depressed oil mkt. Who knows how much the PRC is now hoarding with so much loose cash available.
littleones ( Date: 09-Dec-2015 10:53) Posted:
Many non oil producing countries are buying oil on the cheap quietly. These oil are stored away for future used. At this rate oil wealth is being transferred from oil producing countries to non oil producing countries
shareflux ( Date: 09-Dec-2015 10:16) Posted:
there is a war in middle east with the russian and others bombing oil facilities, surprise why oil price still holding up? something not right... oil is a finite resource with the bombing, supply is getting damaged, with demand growing the world over and singapore own lil dot going for 6.5 mil popln, it is a matter of time when the pendulum will swing back to the other side.
furthermore, now is Dec and generally a lull period in share trading. look at the fundanmental and macro picture. evaluate. trade with care.
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Little ones, great insight. the rich nation will only get richer... at the expense of oil producing countries and the rest of the world.
As i have said earlier, Dec is a quiet month... a good time to quietly accumulate...
littleones ( Date: 09-Dec-2015 10:53) Posted:
Many non oil producing countries are buying oil on the cheap quietly. These oil are stored away for future used. At this rate oil wealth is being transferred from oil producing countries to non oil producing countries
shareflux ( Date: 09-Dec-2015 10:16) Posted:
there is a war in middle east with the russian and others bombing oil facilities, surprise why oil price still holding up? something not right... oil is a finite resource with the bombing, supply is getting damaged, with demand growing the world over and singapore own lil dot going for 6.5 mil popln, it is a matter of time when the pendulum will swing back to the other side.
furthermore, now is Dec and generally a lull period in share trading. look at the fundanmental and macro picture. evaluate. trade with care.
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Many non oil producing countries are buying oil on the cheap quietly. These oil are stored away for future used. At this rate oil wealth is being transferred from oil producing countries to non oil producing countries
shareflux ( Date: 09-Dec-2015 10:16) Posted:
there is a war in middle east with the russian and others bombing oil facilities, surprise why oil price still holding up? something not right... oil is a finite resource with the bombing, supply is getting damaged, with demand growing the world over and singapore own lil dot going for 6.5 mil popln, it is a matter of time when the pendulum will swing back to the other side.
furthermore, now is Dec and generally a lull period in share trading. look at the fundanmental and macro picture. evaluate. trade with care.
Qanghoo ( Date: 09-Dec-2015 06:09) Posted:
Yep, with oil not seemingly finding the floor n SMM mired in deep sh*t, $2 likely to beckon. On the other hand, with O& G so cheap, wldn' t their utility business improve in margins n mitigate SMM' s troubles?
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there is a war in middle east with the russian and others bombing oil facilities, surprise why oil price still holding up? something not right... oil is a finite resource with the bombing, supply is getting damaged, with demand growing the world over and singapore own lil dot going for 6.5 mil popln, it is a matter of time when the pendulum will swing back to the other side.
furthermore, now is Dec and generally a lull period in share trading. look at the fundanmental and macro picture. evaluate. trade with care.
Qanghoo ( Date: 09-Dec-2015 06:09) Posted:
Yep, with oil not seemingly finding the floor n SMM mired in deep sh*t, $2 likely to beckon. On the other hand, with O& G so cheap, wldn' t their utility business improve in margins n mitigate SMM' s troubles?
Goldfinger ( Date: 08-Dec-2015 21:33) Posted:
| Checked the charts and lows during the GFC could be about $2 - hence still has downside risks. And oil prices could have been higher then as well. |
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Yep, with oil not seemingly finding the floor n SMM mired in deep sh*t, $2 likely to beckon. On the other hand, with O& G so cheap, wldn' t their utility business improve in margins n mitigate SMM' s troubles?
Goldfinger ( Date: 08-Dec-2015 21:33) Posted:
Checked the charts and lows during the GFC could be about $2 - hence still has downside risks. And oil prices could have been higher then as well..
spore1 ( Date: 08-Dec-2015 21:05) Posted:
| Let it fall can collect at lower price Best $2.5 |
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Checked the charts and lows during the GFC could be about $2 - hence still has downside risks. And oil prices could have been higher then as well..
spore1 ( Date: 08-Dec-2015 21:05) Posted:
Let it fall can collect at lower price Best $2.50
Goldfinger ( Date: 08-Dec-2015 20:35) Posted:
| Price will fall again if there is rig cancellation - OPEC also seems determined to wipe out shale producers |
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Let it fall can collect at lower price Best $2.50
Goldfinger ( Date: 08-Dec-2015 20:35) Posted:
| Price will fall again if there is rig cancellation - OPEC also seems determined to wipe out shale producers |
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Ho say if this was the case.
Price will fall again if there is rig cancellation - OPEC also seems determined to wipe out shale producers
This is like saying the sky is blue. Break support of course go lower la!
spore1 ( Date: 08-Dec-2015 09:21) Posted:
Testing $3 again.Break sayonara
spore1 ( Date: 04-Dec-2015 17:52) Posted:
| TA is still bearish/down trend. $3 is a temp support level.If break will go further down |
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Testing $3 again.Break sayonara
spore1 ( Date: 04-Dec-2015 17:52) Posted:
TA is still bearish/down trend. $3 is a temp support level.If break will go further down
Maller ( Date: 04-Dec-2015 17:49) Posted:
On what basis? Pl provide supporting evidence?
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BUY WHEN PEOPLE SAY IT IS GOING LOWER AND IN DOWNTREND !!!
WHO ELSE HUAT LIKE ME !!!!????
danger ( Date: 03-Dec-2015 11:23) Posted:
GOOD BUY ... JEEP SOME AT $3
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Could have made some money if i have gone in at 3. But i think the trend is still down. Will still keep watch.
Dyna__ ( Date: 03-Dec-2015 11:14) Posted:
$3 psychological level crossing? dividend yield > 5%. Long term fundamental stock. I am watching this one.
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TA is still bearish/down trend. $3 is a temp support level.If break will go further down
Maller ( Date: 04-Dec-2015 17:49) Posted:
On what basis? Pl provide supporting evidence?
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On what basis? Pl provide supporting evidence?
Tdy technical rebounce.Next wk may see further down
spore1 ( Date: 04-Dec-2015 09:52) Posted:
| Breaking down of $3 may head further south |
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Breaking down of $3 may head further south
Currently crude oil is either flat or slowly going down.
Hence, these oil related counters will not perform.
