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Oil - How low can it go?
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From that article from AEP
It is not the price collapse that worries the IEA: it is the prospect of a global shock when the Saudis have flushed out rivals and the market springs back violently.Last edited by BlasterBates; 1 February 2016, 08:48.I'm alright JackComment
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I'm watching this market carefully. A big lump sum on a spreadbetting account could lead to early retirement.Comment
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How long until the bounce though? It's the Saudi's trying to smother the US shale business before it can develop isn't it? Could be a good time to pick up a nice V8 though, petrol could be cheap for a while. Until the Tories tax it I guessComment
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At this point it's all about market share. First ones to blink will lose out heavily and the glut in supplies means they would struggle to get back in again. The Saudi's are terrified of Iran taking a big chunk of their customer base now the sanctions are being lifted and they daren't raise prices or cut production. The fun will really start when storage capacity is exceeded and producers can't continue to soak up production costs in the hope of recouping when the market recovers.Last edited by DaveB; 1 February 2016, 10:52."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Non-Opec production is falling slowly, but that should accelerate.
http://www.nasdaq.com/article/opec-s...20151210-00161I'm alright JackComment
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I think it might be easier long term to short USD/CAD when the oil price goes into a long term uptrend than buy oil futures and roll contracts.
USD/CAD looks strongly inversely correlated to oil price (in USD).Comment
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Shell shares up 6%
Corner turned?The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostShell shares up 6%
Corner turned?Comment
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Originally posted by The_Equalizer View PostAll ollies have been bouncing about like mad, even mid-cap ones. If you fancy seat-of-your-pants stuff then just look at the AIM ones.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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