Oil price has pushed back over US$130 ..... very early morning serious trading now starting up on the Nymex.
Will be interesting to see in which direction will go the rest of the day's trading.
http://futures.tradingcharts.com/intraday/CL_/88
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Oil price has pushed back over US$130 ..... very early morning serious trading now starting up on the Nymex.
Will be interesting to see in which direction will go the rest of the day's trading.
http://futures.tradingcharts.com/intraday/CL_/88
.
That Puppet Rice has opened her mouth again...Iran...two weeks...or else. And Peters is going to be in the limelight again. She must really like him. She is coming to see Winston.
I mean, why else would she come to NZ?
She has a pretty busy fortnight coming up.
And oil therefore goes higher.
Talk about an emotional roller coaster. One weeks I'm up 12% the next I'm nearly down 10%! Not the greatest feeling.
I've been toying with the idea of selling first thing in the morning and taking the hit. But I know it's buying into the fear that others have obviously reacted to. The quarterly report is also in the back of my mind.
It's definitely opened my eye's to the importance of TA. For which I know very little.
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Sux, you are right if the oil price falls, then NZOG will fall, ur not exactly a genius .....
stop talking out of your arse, you have no idea what your on about, nzo drop below $1 pffft.. blatant troll account here.
love your twisted logic mate. Here is another along the same line. NZ has been found to be floating on oil. The news shook the world so much that the price of oil fell below extraction cost so the oil is not worth producing.
You wouldn't have another alais named Balance would you??
Lols, but you have come in fresh without any reference in an offside position. And that's a penalty.
So you had better go and read Twilight in the Desert and tell us what you think of it.
Oil could do anything but in the end it goes higher.
But, welcome to the forum. All views appreciated as long as they are supported with a reasonable argument.
Lot of guys and gals panicking at the moment. It reminds me of those wildebeest running into the jaws of the crocodiles.
Good point.
2 key factors come to mind. Oil dropping below $100 should there be any significant downturn or correction. The other is Pike. If Pike strikes problems, delays of 2 months or more sentiment will drive the sp down. Since oil is still high it can potentially go one way or the other to quite an extreme. Hence my low valuation of $1.10 to $1.20 if either or both of these factors come into play.
The flip side has the potential to rocket the sp for many number of reasons. PRC takeover by the Indians, NZO a potential takeover. High renveue with long term revenue streams. Oil prices spiking (which may be good short term but bad long term) and so on.
Hope that sheds some light.
disc. hold nzo
very debatable what POO will do in next few weeks - we certainly do not know.
what we do know however is weather issues in caribbean are starting to come into play
[remember usa has not had a bit hit from a hurricane for 2 seasons now] - already up to "D" for named systems and not even end of July.
given recent one day spikes in the POO, then its only a matter of how long it takes for adverse weather to have a significant influence in one day POO spike - it might be as soon as tomorrow.
why the price of WTI and not Tapis is pushed bythe media in au/nz is another issue - said it before, nzo should detail the tapis price in all their announcements, so people do not get mislead by WTI.
M