Hurricane Energy Share Discussion Threads

[xxnjr1] 06/11/2018 07:55

Todays FT

just one of the 5 topics addressed in the article

"Hedge funds have gone from being bullish on crude earlier this year to sharply paring back their positions in the past few weeks, suggesting that many of them are betting that the cycle has turned.

Funds trading West Texas Intermediate, the US benchmark, have cut their net longs — the difference between bets on rising and falling prices — to the lowest level in a year, while those trading Brent, the international benchmark, have cut net longs to the lowest since July.

Combined funds now hold positions equivalent to little more than 500m barrels of crude, a substantial amount but well below 1bn-plus barrel positions they have held on numerous occasions in the past two years.

For some, this is a sign prices will keep falling, with an absence of buying by funds likely to take some of the froth out of the market. Some funds have even started opening outright bets against the price.

But other analysts believe that if more barrels are lost from Iran than currently expected, or another supply outage occurs elsewhere, funds will rush back into the market adding fuel to any rally."

[bocase] 06/11/2018 06:54

Daily Telegraph article this morning suggesting $100 barrel oil.

"Global oil prices could still reach $80 before the end of the year and return to $100 a barrel in the wake of US sanctions against Iran due to start this week, according to the warnings of market analysts.

RBC Capital and Goldman Sachs have both warned that the market is underestimating the impact of US President Donald Trump’s sanctions against Iran which are due to begin on Monday.

The US has described the sanctions against Iran and all those who trade with the nations as “the toughest sanctions regime ever imposed” on Tehran, and vowed to drive the nation’s oil exports to zero."

[gary38] 06/11/2018 05:49

AM in Malta as schedule .

[steelwatch] 05/11/2018 22:20

AM arriving Malta anchorage shortly:

[telbap] 05/11/2018 22:18

Lots of filters ;)

[steelwatch] 05/11/2018 19:23

Ray - particulate build up from sitting in urban traffic most of the time. Needs a good blast to clear it.

[rayrac] 05/11/2018 19:11

Smoke when accelerating hard? What you running steely..a collectors piece? ;)

[rayrac] 05/11/2018 19:08

Wouldn’t sell even if the cat is away!

[the guardian] 05/11/2018 18:55

Thanks steelwatch, I think I will give it a go and see if I can justify the premium.

[steelwatch] 05/11/2018 18:51

Average has gone up, but the main attraction is smoother running for me. Also less likely to smoke when accelerating hard.

[the guardian] 05/11/2018 18:35

Vpower is a bit posh for me steelwatch. Do you see a visible increase in mpg?

[steelwatch] 05/11/2018 18:24

Tg - tell me about it! Only fill up with VPower, Ultimate, Supreme or Synergy Supreme+ diesel and it's eyewatering! Caused by UN anti-pollution regs requiring ships to switch from heavy sulphurous fuels to diesel, thus forcing the price up for motorists.

[the guardian] 05/11/2018 18:00

Thanks hd. Our share price seems to be very much poo driven at the moment, so fingers crossed - even if it is costing me a fortune to fill my tank.

[lfdkmp] 05/11/2018 17:50

Davidblack

Can just see you doing a bit of a jig in the High Street on Feb 14:

[hiddendepths] 05/11/2018 17:42

TG - it's a tough call right now. All the bullishness faded from the oil market a couple of weeks back as US inventories showed hefty gains and it became clear that, in addition to higher-than-expected US production, Iran has been producing more than anyone thought for the last month or two. And now the US has given "temporary" exemptions on the Iranian sanctions for 8 countries.

My feeling is that the bearishness might be a bit overdone but oil prices are unusually sensitive to both news and data right now. So both the direction of travel AND the extent of any move is almost impossible to gauge. If I were to hazard a guess, it would be for a modest rebound over the next week or two but at present I don't feel I have an edge in making a prediction.

DB - please don't dance! I can only imagine.... If you do, I will respond in kind. You've been warned.

[davidblack] 05/11/2018 17:34

Dyslexic and dyspraxic in my case! So apologies in advance. Dyspraxia means I can’t dance and drop things a lot. Especially share prices immediately after I buy! Ouch on my 58p recent buys!

But come Valentine’s Day hopefully first oil will be in sight.

[lfdkmp] 05/11/2018 17:30

In my experience, for every one truly dyslexic person I've met, I've come across nine poorly educated, lazy or feeble minded people who find it a very convenient label as an apology for their own shortcomings.

In fact, many of the latter even seem to wear their invented dyslexia badge with a certain amount of pride.

[the guardian] 05/11/2018 17:28

I'm hoping that after tomorrow's mid term elections, the price of oil will start to rise again.

I'm sure that Trump has managed to reduce the price of crude as an election tactic. Once the elections are over, I think that he will get back to increasing the pressure on Iran and most likely being heavy handed with the countries that he has currently allowed to import Iranian oil.

OPEC was paying lip service to his demands for increased production until Khashoggi was killed. Unfortunately, it provided Trump with the perfect reason to increase the pressure on the Saudis and it seems to have worked because they are now pumping record amounts of oil. I read that Russia are also producing crude at record levels.

hiddendepths, you are the oil evaluation expert on here. I would welcome any comments that you may have.

[steelwatch] 05/11/2018 17:25

I say, if you filter, don't broadcast the fact and don't get into a slanging match which makes the board a pain to follow. Just filter and ignore.

Meanwhile, AM should re-materialise in close proximity to Malta sometime tonight.

[anley] 05/11/2018 16:57

Francis55 I am also filtering you..........

[the guardian] 05/11/2018 16:34

Francis, I have a simple self imposed policy. Never argue with people who are more than an arms length away. This a one of the best boards on ADVFN and I do not intend to help prolong your vulgarity. Filtered.