Reabold Resources Share Discussion Threads

[5chipper] 13/4/2020 16:16

How long, in your opinion, until we see $60 barrel oil buy?

[biuedolphine] 13/4/2020 13:31

“Even a 5MMbpd reduction would see oil prices in the low $30s. It would ease pressure on storage and stem the steep price collapse we saw in March,” Hittle said in a statement sent to Rigzone.

hxxps://www.rigzone.com/news/opec_confirms_production_cut_details-10-apr-2020-161719-article

[oilbuy] 13/4/2020 11:59

The EIA expects global liquid fuels inventories to increase by an average of 3.9 million b/d in 2020 compared to 0.2 million b/d decline in 2019. The agency expects inventory builds to be highest during the first half of the year as the world continues to grapple with a serious lockdown and severely limited air travel. It also expects crude builds to jump from 5.7 million b/d in the first quarter to builds of 11.4 million b/d in the second quarter.Near-term predictions by the IEA and trading houses are much worse.The IEA sees global oil demand falling by about 20 million barrels per day while Trafigura and Vitol see April demand dropping a staggering 30M bbl/day.

[oilbuy] 13/4/2020 11:56

lol. I didn't miss any boat. I've no interest in making money. Made mine years ago. Just enjoying life. Regarding the oil cuts , the plan is to prevent oil dropping to 10 dollars a barrel. It will take at mimium 3 years for the developed world to be vaccinated. Travel in general especially air , to include tourism will take a long time to recover. Can't see 60 oil anytime soon. Hence the price action to the cuts. I did tell you , got to be pragmatic in business.

[theaviator] 12/4/2020 19:22

Finalised just there now. https://www.cnbc.com/oil/

[mynameiskhan] 11/4/2020 10:42

The positive thing is, WN-B site work has commenced. EWT will start in the near future after EA approval. It will be busy year for WN projects.

[stockport loser] 10/4/2020 18:50

happy easter you massive bell ? end.

[theaviator] 10/4/2020 02:15

No hard feelings and have a lovely Easter too Sir!

[oilbuy] 09/4/2020 22:33

lol a lot of squiggles , Sorry if I upset you. You don't have to prove yourself to me. You can take what I say with a pinch of salt makes no difference to me. However time will tell weather I'm on the right track. So far I've been correct. All you have to do is check my posts for the last 6 months. Let's see if oilbuy is clueless or not. Most think I am. Enjoy the Easter.

[uggy100] 09/4/2020 22:15

In their presentation they stated EWT Dec & commencement of WNB drills Jan/Feb.

[theaviator] 09/4/2020 21:26

There you go! I know my oil dear.http://imgur.com/a/EU8cENbWrite a big note to yourself...Think twice before engaging trap! ;)

[theaviator] 09/4/2020 21:23

Here you go darling.. Pre and post setup last night. Results coming on next. ;)http://imgur.com/gallery/HksvGHT

[theaviator] 09/4/2020 21:15

Perhaps I should post some trades? Looks like you're a but if a slow learner if it took you 40 years??!

[oilbuy] 09/4/2020 19:42

https://www.google.com/amp/s/amp.theguardian.com/business/2020/apr/09/imf-chief-flags-up-grim-global-economic-forecast-covid-19As I said previously, there's no demand for oil and its going to get worse before it gets better. The cuts which are hoped for are designed to keep oil from dropping to 10 dollars a barrel. Anyone who thinks oil is going back to 60 is living in a fantasy world. There won't be any economic growth unless we get a vaccine for Covid19. Untill then the economic damaged caused along with world corporate debt , QE and stimulus ( US now 4.5 trillion which will double and treble from that ) will leave the world in a state of depression not seen since the 1930s. On a lighter note , I'm delighted to see the Aviator has become a top pro a trading after a few months. It only took me 40 years lol.

[showmethemoneyhoney01] 09/4/2020 08:21

That's correct, they estimate 10 weeks for ground preps and pre spud preps. At least it has now started!

[pistonbroke1] 09/4/2020 08:17

Spud some time away. I'm guessing the groundworks were delayed due to all the flooding we had earlier on. The ground would have been far to wet to put the diggers to work. I
think groundworks are estimated at 2- 3 months so spud is a bit away yet.
Could get on with the EWT now though.

[stockport loser] 08/4/2020 16:19

WNB spud would be material, site works is not.

[showmethemoneyhoney01] 08/4/2020 15:13

What massive porky was that?