Oilexco Share Discussion Threads

[cpap man] 03/2/2019 12:05

CLNR



anley3 Feb '19 - 11:59 - 5443 of 5443

SOULSAUCE...........read my 5402 and 5409 post again and then read yours 5435

WRONG.................not Ineos so try another name and the clue is in the last but one CLNR press release.

If the T/O of shares on Friday (22m) is anything to go by there will be lots of T/O ater the announcement so no moore posting for me.

[bountyhunter] 03/2/2019 12:03

& JOG added to header mini charts

[bountyhunter] 03/2/2019 12:01

Brent header charts rolled.

[bountyhunter] 03/2/2019 11:58

Brent header charts rolled.

[bountyhunter] 03/2/2019 11:56

There's quite a bit going on re HUR this w/e by the way with a potential hookup of the FPSO in progress.

[cpap man] 03/2/2019 11:55

CLNR



senn13 Feb '19 - 08:09 - 5440 of 5441

Interest in comparing this now to the rise in JOG

When Statoil farmed in they were 8p ish moved to 25p then on good appraisal drilling look at it now, think market cap is what's co.pellibg here at this level should tick nearer 8p 10p next week on a decent deal.

[bountyhunter] 03/2/2019 11:53

3149, yes agreed, nice to have one or two holdings like this as wildcats to add a bit of excitement! Providing the risk is under control of course i.e. part of a diversified portfolio.

[cpap man] 03/2/2019 11:52

CLNR



senn13 Feb '19 - 08:09 - 5440 of 5441

Interest in comparing this now to the rise in JOG

When Statoil farmed in they were 8p ish moved to 25p then on good appraisal drilling look at it now, think market cap is what's co.pellibg here at this level should tick nearer 8p 10p next week on a decent deal.

[cpap man] 03/2/2019 11:51

CLNR



bountyhunter1 Feb '19 - 21:31 - 5437 of 5438

With a market cap of just £16m if a deal is done on favourable terms then this could rocket imho! ...and still be small change for a company such as Ineos I agree!

This could be seriously MEGA for CLNR with a serious MAJOR meaning that CLNR could well shortly trade north of 10p+

[cpap man] 03/2/2019 11:50

CLNR



bountyhunter1 Feb '19 - 21:31 - 5437 of 5438

With a market cap of just £16m if a deal is done on favourable terms then this could rocket imho! ...and still be small change for a company such as Ineos I agree!

This could be seriously MEGA for CLNR with a serious MAJOR meaning that CLNR could well shortly trade north of 10p+

[bountyhunter] 23/1/2019 12:57

added mini Nymex and Brent charts for easy reference at the end of the header (scroll up)

[bountyhunter] 23/1/2019 12:44

header rolled to March contract

[waldron] 14/1/2019 17:33

Total
47.05 +0.57%


Engie
13.36 +0.26%

Orange
13.555 -1.56%

FTSE 100
6,855.02 -0.91%
Dow Jones
23,894.84 -0.42%
CAC 40
4,762.75 -0.39%


Brent Crude Oil NYMEX 59.95 -0.88%
Gasoline NYMEX 1.39 -0.70%
Natural Gas NYMEX 3.51 +13.10%


WTI - 14/01 18:08:10
51.21 USD -1.12%




BP
520.8 -0.08%


Shell A
2,345 -0.70%


Shell B
2,379 -0.42%

[waldron] 14/1/2019 17:32

Total
47.05 +0.57%


Engie
13.36 +0.26%

Orange
13.555 -1.56%

FTSE 100
6,855.02 -0.91%
Dow Jones
23,894.84 -0.42%
CAC 40
4,762.75 -0.39%


Brent Crude Oil NYMEX 59.95 -0.88%
Gasoline NYMEX 1.39 -0.70%
Natural Gas NYMEX 3.51 +13.10%


WTI - 14/01 18:08:10
51.21 USD -1.12%




BP
520.8 -0.08%


Shell A
2,345 -0.70%


Shell B
2,379 -0.42%

[sarkasm] 11/1/2019 18:45

Why the stock market is obsessed with oil prices
Published an hour ago | Updated 34 min ago
Fred Imbert
@foimbert
Patti Domm
@pattidomm
Tom DiChristopher
@tdichristopher




Key Points

Crude oil futures and equities have been trading in tandem throughout much of the last few months.
Some analysts and strategists see the stock market following oil prices, which serve as a sort of recession barometer.
Rising oil prices are converging with other factors to tamp down concerns about recession, after amplifying growth fears late last year.

Subs: NYSE trader oil futures Exxon Mobil 150803
A trader works on the floor of the New York Stock Exchange.
Getty Images

Stocks are taking a cue from volatile oil prices, where traders are looking for signs of recession and other problems in the market, according to analysts.

Crude futures and stocks have been trading in tandem throughout much of the last few months in part because both markets are concerned about the same macro factors: rising U.S. interest rates, the ongoing U.S.-China trade dispute and signs of slowing global economic growth.

U.S. crude futures: 3-month performance

However, some strategists believe equities are actually following oil prices, which serve as a sort of recession barometer, since economic growth is closely tied to fuel demand. At the end of last year, the collapse in crude futures essentially amplified fears of Federal Reserve rate hikes, trade tensions and the pace of economic growth.

“Stocks were far less of a lead indicator and more of a concurrent indicator than they usually are,” said Julian Emanuel, head of equities and derivatives strategy at BTIG. “Oil really got caught in the same geopolitical uncertainty downdraft.”

Emanuel notes that stocks bottomed on Dec. 26 after U.S. crude hit a trough on Dec. 24. Since their intraday lows, benchmark oil prices are up about 22 percent, while the S&P 500 has bounced back about 10 percent.

“The price of oil is telling you there isn’t going to be a recession. It’s firming up. To me that’s the feed through loop into equities,” Emanuel said.

S&P 500: 3-month performance

Oil prices are likely to head higher in 2019, in part because Saudi Arabia has backstopped the market on the supply side with significant output cuts, says Francisco Blanch, head of global commodities and derivatives research at Bank of America Merrill Lynch.

But there is also now support on the demand side following commentary from Federal Reserve Chair Jerome Powell that the central bank will be patient with future interest rate increases.

“With a shift in Fed policy direction approaching, we see an oil ‘demand put’ being triggered within the forecasting horizon,” Blanch said in a research note on Friday.

“In other words, we think that the global recession fears priced into oil markets during the Christmas period were overblown and see the Fed acting preemptively to deter a major global economic deceleration.”
Fears beyond recession

Dan Deming, managing director at KKM Financial, says another oil market-related fear that knocked around stocks has also faded.

The collapse in oil prices triggered concerns about high-yield debt defaults in the energy space and the risk of contagion throughout markets. The energy sector, particularly U.S. shale drillers, account for a significant proportion of outstanding high-yield debt at any given point in time.

“It really freaked the market out in ’15 for a little while because people thought a lot of these shale producers were going to have to default on their loans,” he said. “That scenario re-entered the mindset of a lot of market participants. You saw the high-yield space really spike in December.”

“Now, it’s had a significant snapback and that has helped alleviate some of the concerns as oil bounced and we’re now seeing this bounce in the equity markets. I think that’s a big reason for the correlation to this point.”
watch now
VIDEO09:29
Cramer: Charts forecast further declines for oil prices and stocks

CNBC’s Jim Cramer has also drawn connections between equities and the oil market going back to last fall, based on research by Carley Garner, the co-founder of DeCarley Trading.

“The bottom line: You can’t understand this breakdown in this stock market unless you recognize that we’re seeing some spillover from the carnage in the oil futures,” he said in November, at the midpoint of a sell-off that saw U.S. crude lose nearly half its value.

According to Garner, as oil prices fell, traders were fielding margin calls on their commodity investments, forcing them to sell stocks to cover their crude positions. At the time, Garner warned that the selling in oil, and therefore stocks, could continue for a while due to the large number of bullish bets on crude that had yet to be unwound.

The oil market eventually bottomed in the final week of December, with U.S. crude nearly hitting $42 a barrel and international Brent crude dipping below $50 a barrel.

— CNBC’s Elizabeth Gurdus contributed to this report.

[waldron] 11/1/2019 17:18

Total
46.785 -1.71%


Engie
13.325 -1.04%

Orange
13.77 +1.47%


FTSE 100
6,918.18 -0.36%
Dow Jones
23,939.36 -0.26%
CAC 40
4,781.34 -0.51%


Brent Crude Oil NYMEX 60.78 -1.46%
Gasoline NYMEX 1.42 -1.01%
Natural Gas NYMEX 3.06 +2.96%



WTI - 11/01 17:58:43
51.72 USD -1.03%


BP
521.2 -1.10%


Shell A
2,361.5 -1.28%


Shell B
2,389 -1.22%

[la forge] 11/1/2019 10:11

LOL

perhaps it atleast goes some way of explaining the movement of the day

[weyweyumfozo] 11/1/2019 09:48

Thanks for looking bh.

[bountyhunter] 11/1/2019 07:11

Hi again ww, I think the below was the link to the page with the chart - I now suspect I may have removed the chart at some point when it stopped working...



If you ever see this chart working again let me know and I'll add it back into the header

[bountyhunter] 11/1/2019 06:59

Hi ww, unfortunately the chart seems to have been filtered out by Advfn and so I no longer have the USD index chart link. If anyone can post the link ( capitalise the H in http to stop it being filtered( I can ask advfn not to filter it and add it back in. (A link to a dynamic chart eg java chart will not work by the way.)