Logo
Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome to ShareScene - Talk Shares And Take Stock With Australia's Sharemarket Community - New Here? Click To Register >

423 Pages (Click to Jump) V  < 1 2 3 4 5 > »    
 
  
Reply to this topic

OIL, Discussion
eshmun
post Posted: Mar 14 2015, 08:34 PM
  Quote Post


Posts: 184
Thanks: 64


Oil is now being tested. If it takes the next step down the US economy and markets will start also being tested. The long trade in US dollar might not look so attractive when we start getting more job losses in the oil patch. Those part-timers on minimum wages will start needing to start flip burgers slower to create new jobs in the burger joints.

The large majority of debt and hedging in the oil patch only has maturities out to the end of 2016. A further fall in prices will see more bankruptcies in the US shale oil patch. Once refinancing specialists start making good coin it will be the time to buy quality oil stocks if you can find them. This is the one commodity that should recover strongly, even against falling world growth, when the shale players are driven to the wall and the bubble bursts. Some of the very large players with low leverage and big balance sheets will still make a buck pumping on the sweet spots on US shales, but the supply side will inevitably fall and the Saudis will regain some of their lost market share. I wouldn't be surprised if they started cutting supplies after the dust settles to make up for the losses they and other OPEC nations have suffered in the period of US mal-investment in overcapacity. This chart is all the more reason to PROCEED WITH CAUTION in the current markets.

Attached Image




 
apache123
post Posted: Mar 6 2015, 11:49 AM
  Quote Post


Posts: 5,255
Thanks: 125


In Reply To: pacestick's post @ Mar 6 2015, 07:30 AM

Yes the real Game of Thrones has been playing out in the Middle East (and beyond) for some time.....

Alliances drop at the change of a hat and the game changes as players adapt to the new changes.

There are no winners from this just more chaos and uncertainty.

Pity the civilians caught up in this.

Meanwhile Libya has declared Force Majeure on its oil production..... yet oil prices have shrugged this off (as there is speculation of sanctions being lifted on Iran).



--------------------
Buyer beware: Do your own research before investing....
 
pacestick
post Posted: Mar 6 2015, 07:30 AM
  Quote Post


Posts: 322
Thanks: 62


In Reply To: capitalboosters's post @ Mar 5 2015, 09:56 PM

http://www.reuters.com/article/2015/03/05/...N0M10Z420150305

ISIS has torched one of the fields they controlled as Iraqi forces approach

 
capitalboosters
post Posted: Mar 5 2015, 09:56 PM
  Quote Post


Posts: 3


BUY CRUDE OIL ABOVE 3240
SL OF 3190 TGT
3270, 3300, 3340.

 
apache123
post Posted: Mar 4 2015, 10:38 AM
  Quote Post


Posts: 5,255
Thanks: 125


Yes even the Saudi's are feeling the impact of lower oil prices...... sleep.gif

but in doing so are forcing their contractors to dramatically cut their rates or face the axe!


http://www.oilandgas360.com/saudi-aramco-c...t-cutting-move/




--------------------
Buyer beware: Do your own research before investing....
 
balance
post Posted: Feb 27 2015, 07:24 AM
  Quote Post


Posts: 5,236
Thanks: 401


Oil sliding again.(pun intended). Down >5% to a touch over 48/barrel.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 


eshmun
post Posted: Feb 24 2015, 01:57 AM
  Quote Post


Posts: 184
Thanks: 64


Not the best known currency in the world but the Manat has recently been devalued by 33.5% because of the falling oil price.

http://www.bloomberg.com/news/articles/201...e-hurts-exports

On a side note, I was once involved with a colourful entrepreneur (now deceased) in trying to purchase and restart the Zod gold mine, on the boarder with neighbouring Armenia, immediately following the fall of the soviet union.

Eshmun




 
balance
post Posted: Feb 23 2015, 07:36 AM
  Quote Post


Posts: 5,236
Thanks: 401


Some selected paragraphs from DJ regarding oil supplies from 21/2/15.


Oil prices fell for a third-straight session as slowing rig count cuts added to losses that had been mounting because of historically high U.S. supplies.

The U.S. Energy Information Administration reported on Thursday that U.S. crude inventories reached another record last week, a sign that cheap prices haven't begun to affect production yet. The rising supplies led to the oil market's first weekly loss in nearly a month.

Rig counts kept falling in new data released Friday, but the 37-rig decline was less than half of that registered a week ago.

The EIA said oil inventories grew by 7.7 million barrels last week to 426 million barrels, the highest level for this time of year for at least 80 years.

"It's just crazy, these numbers and how it just keeps coming," said Peter Donovan, broker for Liquidity Energy in New York. "Until you see it slowing down, there's always going to be this downward pressure on the market."

Mr. Collum and others warned that it could be months before the market reduces its oversupply, which analysts estimate at about 2 million barrels a day. The EIA reported on Thursday that U.S. crude production was running at a multiyear high of 9.3 million barrels a day.

Other major producers also appear to be ramping up output. Saudi Arabia could be producing as much as 10 million barrels of oil a day, PIRA Energy Group said in a report this week.





--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
apache123
post Posted: Feb 10 2015, 03:53 PM
  Quote Post


Posts: 5,255
Thanks: 125


Latest Oil Theory.....

Pump out as much as you can before the Climate Apocalypse even if you only make a fraction of the $ from before as there will be a point in the future where 82% of known oil reserves needs to be left in the ground..... blink.gif

http://reneweconomy.com.au/2015/saudi-arab...e-horizon-11769







--------------------
Buyer beware: Do your own research before investing....

Said 'Thanks' for this post: irish  stezz  
 
Alethia
post Posted: Feb 10 2015, 08:48 AM
  Quote Post


Posts: 531
Thanks: 220


In Reply To: triage's post @ Feb 10 2015, 07:11 AM

Sadly the article does not touch on the rapid and massive shift from oil to solar.
Would be interesting if he factored that into his otherwise comprehensive analysis.



--------------------
The caterpillar does all the work but the butterfly gets all the publicity.
 
 


423 Pages (Click to Jump) V  < 1 2 3 4 5 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareScene.com, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING