Osama

How High Can Oil Prices Rise? (Part 2 of my previous thread)

Recommended Posts

On 10/1/2018 at 9:36 PM, sen said:

Can't last forever, price of oil depends on how quickly people shift to electric cars, it's not going to happen before 2019, my guess is that we'll see $100 brent before the end of the year!

Well it's not 2019 yet but my guess is looking very off now!

Share this post


Link to post
Share on other sites

1 minute ago, sen said:

Well it's not 2019 yet but my guess is looking very off now!

"told ya"!

 

But most of the observers out there fell a victim to the bullish-mania. But you see it was not natural.

Share this post


Link to post
Share on other sites

(edited)

Hi Osama,

I still think it is overdone.  US inventories are out of the danger zone and cuts on the way.

l0MZg3z.png

My money is on a rise in oil price into the New Year.  My guess seems way off though, $100 oil would have enabled me to sell some of my TLW stock but it looks like a long way off now!

Edited by sen
  • Like 1

Share this post


Link to post
Share on other sites

13 minutes ago, sen said:

Hi Osama,

I still think it is overdone.  US inventories are out of the danger zone and cuts on the way.

l0MZg3z.png

My money is on a rise in oil price into the New Year.  My guess seems way off though, $100 oil would have enabled me to sell some of my TLW stock but it looks like a long way off now!

I agree.

 

However, in my own humble view, we still have more bearish factors. Let us put it another way....there are more reasons for oil to go down (trade war, OPEC+ deal's implementation, stronger dollar) than to go up.

Yes...we might see prices edge up and even settle there but once again brraking the $70 (Brent) and $60 (WTI) levels are very difficult but not at all impossible.

  • Like 2

Share this post


Link to post
Share on other sites

47 minutes ago, sen said:

Hi Osama,

I still think it is overdone.  US inventories are out of the danger zone and cuts on the way.

l0MZg3z.png

My money is on a rise in oil price into the New Year.  My guess seems way off though, $100 oil would have enabled me to sell some of my TLW stock but it looks like a long way off now!

Sen, Osama

I'm still bullish, China's imports have increased the ending of the trade war will cause Oil to fly. 

Sen have you looked at PMO ?

Share this post


Link to post
Share on other sites

On 12/12/2018 at 12:40 AM, Auson said:

Sen, Osama

I'm still bullish, China's imports have increased the ending of the trade war will cause Oil to fly. 

Sen have you looked at PMO ?

What ending of the trade war?  Don't take the bait there, my friend.

Share this post


Link to post
Share on other sites

6 minutes ago, Dan Warnick said:

What ending of the trade war?  Don't take the bait there, my friend.

I didn't take the bait in the first place.

The trade war is phoney.  

Share this post


Link to post
Share on other sites

1 hour ago, Auson said:

I didn't take the bait in the first place.

The trade war is phoney.  

Do tell, please.  How is the trade war phony?

Share this post


Link to post
Share on other sites

2 hours ago, Dan Warnick said:

Do tell, please.  How is the trade war phony?

Have you read The Art of The Deal ?

Share this post


Link to post
Share on other sites

On 12/11/2018 at 5:40 PM, Auson said:

Sen, Osama

I'm still bullish, China's imports have increased the ending of the trade war will cause Oil to fly. 

Sen have you looked at PMO ?

Hi Auson,

I'm in TLW, probably similar.  Did PMO dilute in the last few years too?

Share this post


Link to post
Share on other sites

13 minutes ago, sen said:

Hi Auson,

I'm in TLW, probably similar.  Did PMO dilute in the last few years too?

Sen,

Yes with the worlds longest and most convoluted refinancing. Then it joined the FTSE250

I was in TLW during the rights issue. 

  • Like 1

Share this post


Link to post
Share on other sites

7 hours ago, Auson said:

I didn't take the bait in the first place.

The trade war is phoney.  

Well....how? All those billions of dollars..phoney? Personally, I consider it one of the most serious and worrisome developments the consequences of which can go for a long time to come!

Share this post


Link to post
Share on other sites

11 hours ago, Auson said:

Have you read The Art of The Deal ?

Go on....

Share this post


Link to post
Share on other sites

2 hours ago, Dan Warnick said:

Go on....

Its Trumps negotiating strategy.. meaning he is always looking for a deal.

Share this post


Link to post
Share on other sites

51 minutes ago, Auson said:

Its Trumps negotiating strategy.. meaning he is always looking for a deal.

Ok.  I'll go along with that.  To everyone else, it's a trade war; To President Trump it's a negotiating strategy.  Yep.

  • Like 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.