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Performance 2009 to 2023 (compound annual)

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Oil Market bottom

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7 years 6 months ago #117309 by RonS
RonS replied the topic: Oil Market bottom

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7 years 6 months ago #117302 by RonS
RonS replied the topic: Oil Market bottom
Thanks Gambler, I am doing an update on Oil and going into that topic some

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7 years 7 months ago #117199 by Gambler
Gambler replied the topic: Oil Market bottom
Maybe there was no oil glut at all. just on paper. Talk about a good bluff

oilandenergyinvestor.com/2016/10/the-str...its-about-to-vanish/

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7 years 7 months ago #117196 by RonS
RonS replied the topic: Oil Market bottom
Yes, was maybe lucky there. To me it looks like stocks will start to respond WLL a good buy here

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7 years 9 months ago #80896 by GoldnBoy
GoldnBoy replied the topic: Oil Market bottom
Ron, looks like your call for $40 bottom was bang on. I picked up a bit of WLL down there

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7 years 9 months ago #716 by RonS
RonS replied the topic: Oil Market bottom
I am looking at a larger producer WLL, but my feeling is Oil could slide to $40, so am waiting for better signs of a bottom in this correction. nbz looks good here with over 10% yield now

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7 years 9 months ago #713 by DearJohn
DearJohn replied the topic: Oil Market bottom
We have gone a bit lower, looks like a good buying opportunity. Thinking about the UWTI etf - any ideas

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7 years 10 months ago #681 by RonS
RonS replied the topic: Oil Market bottom
Looks like correction in OIl, might be about done, now around $45. IEA now says OPEC has the largest market share they have seen for decades. Inventory still at records and a lot of floating storage. Should be good for our Tanker stock DHT.
kingworldnews.com/50-year-veteran-says-s...-new-all-time-highs/

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7 years 11 months ago #584 by RonS
RonS replied the topic: Oil Market bottom
Sounds like a lot of hedge funds not so bullish when oil moved over $50 www.reuters.com/article/us-markets-oil-c...uters+Wealth+News%29

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7 years 11 months ago #481 by DearJohn
DearJohn replied the topic: Oil Market bottom
Citigroup turns bullish this week as well. I guess the Fed has instructed the banksters to change course

“Commodities markets appear to have turned the corner and, led by the petroleum market, are accelerating their price recovery from the lows of the last year,” Citi’s strategists said in the note, titled “Let the Sunshine in as Commodities Enter New Age of Aquarius.”

www.marketwatch.com/story/new-age-for-oi...ast-to-65-2016-05-24

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7 years 11 months ago #480 by DearJohn
DearJohn replied the topic: Oil Market bottom
Seema Oil is looking for excuses to rally

Oil was also supported by an Iraqi official's remarks that maintenance issues and power outages have caused the OPEC member's output to fall to 4.5 million barrels per day from January's record high of 4.78 million bpd.

www.reuters.com/article/us-global-oil-idUSKCN0YF01D?il=0

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8 years 1 week ago #450 by GoldnBoy
GoldnBoy replied the topic: Oil Market bottom
For sure the Central Planners are trying to bring Oil back up, long term bear GoldmanSachs has now turned bullish
The disruptions triggered a U-turn in the outlook of Goldman Sachs, which had long warned of global storage hitting capacity and of yet another oil price crash to as low as $20 per barrel.

"The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman said.

"The market likely shifted into deficit in May ... driven by both sustained strong demand as well as sharply declining production," it said.

www.reuters.com/article/us-global-oil-id...eedName=businessNews

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