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RH PetroGas
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Oil and Gas counters are volatile
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trader1970
Elite |
06-May-2022 17:01
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Last chance to buy cheap.. Next week may move.... 108 floor has formed... crude should pump thru 110...and towards 113... Oil rises, defying stock market falls as supply concerns persist By Reuters (investing.com) By Florence Tan (Reuters) - Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. Brent futures rose 88 cents, or 0.8%, to $111.78 a barrel by 0641 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 84 cents, or 0.8%, to $109.10 a barrel. Brent and WTI are on track to rise for a second week in a row, buoyed by the EU' s proposal to phase out supplies of Russian crude oil in six months and refined products by the end of 2022. It would also ban all shipping and insurance services for transporting Russian oil. The plan still requires unanimous backing from the 27 countries in the bloc. " There are concerns over global growth and what it could mean for oil demand," said Warren Patterson who heads ING' s commodities research. " However, the looming EU ban on Russian oil more than offsets this for now, and so should limit the downside for prices." Wall Street stocks tumbled on Thursday as investors worried that aggressive central bank policies around the world aimed at tamping down inflation could shackle growth. The Bank of England warned Thursday that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates to their highest since 2009, hiking by quarter of a percentage point to 1%. On supply, the Organization of the Petroleum Exporting Countries, Russia and allied producers, known as OPEC+, agreed as expected to another modest monthly increase in oil output. Ignoring calls from Western nations to hike output more, OPEC+ agreed to raise June production by 432,000 barrels per day, in line with its plan to unwind curbs made when the pandemic hammered demand. Investors are also eyeing higher demand from the United States this fall as Washington unveiled plans to buy 60 million barrels of crude for its emergency stockpiles. A U.S. Senate panel advanced a bill that could expose OPEC+to lawsuits for collusion on boosting oil prices. Congress hasfailed to pass versions of the legislation for more than twodecades, but lawmakers are worried about rising inflation andhigh gasoline prices. |
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trader1970
Elite |
06-May-2022 11:31
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At the conclusion of the OPEC meeting days ago, the decision not to increase much supply is a strategic move to control the oil price amid the weak demand from China covid lockdown..The consortium probably remembered how their wealth was thrashed by the negative prices caused by the early covid days and therefore they refused to cooperate with the EU and US appeal on higher oil production on the back of oil sanctions against Russia. With EU now confirming to oil sanction against Russia, where will the demand gap be filled? If China starts to unlock a few of the major cities, where would this demand be filled from? Forward looking, would RH benefit from this pent up demand ? Counters that Buffet eyeing like Occidental is at 52 week high...Make a wild guess what would RH price be like when BB or foreign funds starts to long? ....:) 
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trader1970
Elite |
06-May-2022 11:04
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Break out point is 30.5...BB accumulating now....It may move early next week if crude break 110.. :) put in your watchlist,,
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trader1970
Elite |
06-May-2022 10:15
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You are spot on bro...After consolidating for weeks, perhaps this counter should be waking up soon along with the commodities rally.... Accumulate for the coming rise.. Ll be fierce,,,First Target 35 :)
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wehuattogether88
Supreme |
05-May-2022 13:56
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RH still cheap, WTI oil will not stop at USD108.6, it will continue to rise as EU - Russian oil embargo drama continues to build on. | ||||
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SG-Insider
Veteran |
04-May-2022 09:32
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RH is cha cha dancer , just load when its step back 0.28/0.29 |
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ozone2002
Supreme |
30-Apr-2022 17:30
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0.29  +0.005looking very interesting company commodities are in play and related companies will be beneficiaries gd luck dyodd |
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lp2000
Elite |
29-Apr-2022 10:35
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it seems like the support is in the 280/285 region today, though yet not much reaction to the global increase in oil price. trading flat at the moment, while rex got up to 3% | ||||
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MakeChanges
Elite |
29-Apr-2022 08:10
Yells: "No price is too low for a bear or too high for a bull" |
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Crude WTI 104++ | ||||
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wehuattogether88
Supreme |
29-Apr-2022 07:17
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Oil price will continue to slowly go up once Germany and other EU members agreed and execute Russian Oil embargoes | ||||
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lp2000
Elite |
26-Apr-2022 14:14
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right
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ysh2006
Supreme |
26-Apr-2022 14:08
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Oil price will decide this stock direction...if oil direction is up soon or later it will follow too!
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lp2000
Elite |
26-Apr-2022 09:09
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It seems to be a green day for RH today | ||||
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lp2000
Elite |
25-Apr-2022 16:48
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RH is another -6.7% @275...probably enough for today as the buying wall seems to be growing support. Rex has been down too at -5% but recovered slightly...at -4.4%. meanhwile brent is on red at 103 let' s see if a further downtrend or a rebound shows later at this counter... |
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lp2000
Elite |
25-Apr-2022 09:11
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as long as it stays above 100, RH likely to stay around 300
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MakeChanges
Elite |
25-Apr-2022 09:02
Yells: "No price is too low for a bear or too high for a bull" |
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Crude falls below 100 | ||||
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lp2000
Elite |
22-Apr-2022 16:54
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RH@ -6% while rex -2.90% I was expecting 300 (but it looks like 295 was in the end) to be the bottom for today, followed by a recovery next week with brent crude hovering above 105-110 | ||||
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MakeChanges
Elite |
22-Apr-2022 08:11
Yells: "No price is too low for a bear or too high for a bull" |
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Crude trading at 103++ | ||||
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lp2000
Elite |
21-Apr-2022 10:47
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Brent recovered again above 108+, but still hovering in the 100-115 region. it seems that RH is stabilized around 320 these past sessions. perhaps some good news would help to move this counter a bit more... | ||||
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MakeChanges
Elite |
20-Apr-2022 08:09
Yells: "No price is too low for a bear or too high for a bull" |
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Crude trading at 103++ | ||||
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