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OIL, Discussion
Carsha
post Posted: Apr 2 2015, 08:50 AM
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Oil price to increase by 50%?

Chart


Said 'Thanks' for this post: lgrif  
 
apache123
post Posted: Apr 1 2015, 02:59 PM
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Oil price is on a knifes edge pending any outcome from the Iranian negotiations. blink.gif

The deadline has passed and they have gone into extended time.

Seems like there are still some sticking points so it could go either way.



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Buyer beware: Do your own research before investing....
 
marketwinner
post Posted: Mar 15 2015, 12:01 PM
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In Reply To: Optionsman's post @ Mar 14 2015, 09:25 PM

May be it is too early to think about great buy.

Now oil is back to around $45 level after trading over $50 US a barrel. Will oil drop to $20 US a barrel?

http://www.cbc.ca/news/business/oil-output...arrel-1.2950573

Oil output still growing, as Citi predicts a drop to $20 US a barrel
OPEC sees a slowdown in growth in Canada, but no cap until 2030

http://www.cbc.ca/news/business/wti-down-t...etter-1.2993592

WTI down to $46 as IEA says oil glut is getting worse, not better



 
Optionsman
post Posted: Mar 14 2015, 09:25 PM
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In Reply To: eshmun's post @ Mar 14 2015, 08:34 PM

Yep oil to go to 30-40 $/bbl in the short term. Will be great buying

 
eshmun
post Posted: Mar 14 2015, 08:34 PM
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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.

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apache123
post Posted: Mar 6 2015, 11:49 AM
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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).



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pacestick
post Posted: Mar 6 2015, 07:30 AM
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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
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BUY CRUDE OIL ABOVE 3240
SL OF 3190 TGT
3270, 3300, 3340.

 
apache123
post Posted: Mar 4 2015, 10:38 AM
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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/




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Buyer beware: Do your own research before investing....
 
balance
post Posted: Feb 27 2015, 07:24 AM
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Oil sliding again.(pun intended). Down >5% to a touch over 48/barrel.



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