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Let s talk oil.
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jazzietan
Veteran |
04-Feb-2016 16:58
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I see the probability...how low can it go vs how high can it go? Lowest 0, highest 80 ( not as opti as some)...current at 32 range...i gamble so chance of probability impt to convince mysrlf
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jazzietan
Veteran |
04-Feb-2016 16:42
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Exactly, like i said im a cycle person...things dun stay top forever...up and down, only timing impt which hard to guess right. Some comments i read in FB even say wti will hit $15! So i bot at $30, what will i gain or loss, impt will wti as a whole bankrupt like some coys? What is my holding power like? If politician drive down to $15, what benefits them? How long can price stay at $15? Next, personally i want to hear "bad" news.some coys go bust etc...its gd for long holders...once shaken weak players, price like a spring coil. Currently, some u hope shoot to $40 etc...but i rather see steady steady inch up on positive sensitive like gold silver rather than punt... When, how much, to in now or not?....individual choice & risk appetite
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earlybird14
Supreme |
04-Feb-2016 16:06
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It won't. This is why us crude oil production still stand at 9.2mio bpd.
But the world only 2-3mio bpd more. 94 mio bpd and recent data show europe and japan oil demand picking up. So cheap oil actually can draw demand out. For example, petroleum by product including polymers and plastics and etc. nobody go for recycling, biofuel reduction and etc, cheap oil also drive more and attract people buy higher cc car this and that. Supply side growth will move to stagnant and start coming down due to lacking of investment. This is what saudi want, market balance herself. Supply demand balance oil price will be up and turn to under supply. Everything is cyclic so long as no replacement is found.
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sheerluck
Supreme |
04-Feb-2016 15:58
Yells: "Work for your money first then let your money work for you" |
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So whether those US shale coy go 7-eleven or not means production wouldn' t drop alot, right? Hmm..ok so just wait for SA to open mouth.
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victortan
Elite |
04-Feb-2016 15:55
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oil tonite chances is great to see 34$, i just enter another 50%, after tsking profit. wish me luck. I see chart looking good, pls dyodd. |
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sheerluck
Supreme |
04-Feb-2016 15:54
Yells: "Work for your money first then let your money work for you" |
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Very good advise for traders.  Even long term investors can benefit from having a stop loss unless their beta all zero.
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victortan
Elite |
04-Feb-2016 15:50
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victor, u talk so easy, but what if after i sell, the counter chiong then how? let it be, and wait for opportunity, we no  scare the counter will chiong or not after we sell, cos we are following stop loss to protect our capital. nvr scare if counter chiong after u sell, but moslty on a down trend the counter most likely go further down. vnvr scare miss opportunity, but we shd scare no $$$ to play later if mkt tua chiong.   |
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victortan
Elite |
04-Feb-2016 15:47
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Why ppl lose money is because they got no discipline to cut early, their heart pain if they lose and hope against fake hope, but they did not know cheap, get cheaper, actually cut lose is no lose, but rather protect your capital, so u can remain in the mkt. even for long position n blue , do hv a stop loss, cos in a vy bearish condition even the bluish blue also got blue black. |
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earlybird14
Supreme |
04-Feb-2016 15:20
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Get money back. Those who bought the assets still run the business.
History tell us industry move to bankruptcy tide, anyhow non discipline players will be wiped out and left well discipline players in market to maintain the supply and demand balance and moving to industry recovery. So, although shale oil well still there, those buy it may buy at cheaper price but they are aiming is to profitable, so situation will change. What happen in past 1 year is worst situation, all pump up with full capacity just for surviving and cause what happen today. But once industry flood with blood, it will move to peace and recovery. So it is unavoidable. So time to buy oil price and select good oil stock.
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sheerluck
Supreme |
04-Feb-2016 15:16
Yells: "Work for your money first then let your money work for you" |
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Big canons firing at one another.  We need to be careful not to be caught in their cross-fire.  Reading the oil market is like reading the mind of these oil majors or oil producing countries.  One word  难 !
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earlybird14
Supreme |
04-Feb-2016 15:15
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No. Even chapter 7 still the same. Chapter 11 allow to restructure by support from creditors converting their bond to share and become equity holder. Chapter 7 is sell off everything and creditors
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sheerluck
Supreme |
04-Feb-2016 15:14
Yells: "Work for your money first then let your money work for you" |
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Yup.  Exactly my point!
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earlybird14
Supreme |
04-Feb-2016 15:12
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Unfair leh. I posted a lot of my research on it leh. Why like that. Like that anyhow lock, i don't want to share anymore.
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sheerluck
Supreme |
04-Feb-2016 15:12
Yells: "Work for your money first then let your money work for you" |
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Ok as mentioned let' s talk oil. And so it was said that there are 40 US energy coy filed for chapter 11.  But chapter 11 is actually a protection from creditors to reorg the business, ie, to continue operation.  So filing for chapter 11 will not reduce oil production significantly.  It is chapter 7 that stop all operations as businesses ceased. So using chapter 11 will not be useful to gauge to US oil production reduction. Views? |
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sheerluck
Supreme |
04-Feb-2016 15:03
Yells: "Work for your money first then let your money work for you" |
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Rather than locking the thread, can' t the admin simply lock the account?  Like that no fair to others becos the thread got punished but the account holder go scot-free.  Admin do think about this.
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jazzietan
Veteran |
04-Feb-2016 14:52
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Very simple. Admin locked the other thread cos i complained the goon nick "littleones" kept calling others arrogant when pple stated their trades and investings. Like it or not unpleasant or not, dun be suprise small hearted creeps come here also...so admin going to lock this also?
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benjidog
Supreme |
04-Feb-2016 14:25
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Consenus focus usually  on demand & supply, US oil inventories, Rig count, Iran and  Saudi price proxy war.   Just want to highlight  about China' s oil production and their demand.....anyone got any good links to share? I know that China is still a net oil importer ( http://www.bloomberg.com/news/articles/2016-01-12/meet-the-chinese-newcomers-staking-a-claim-to-global-oil-trading) but what is not much publicised in media, is that China  has  plans to develop their oil production     https://www.eia.gov/beta/international/analysis.cfm?iso=CHN EIA forecasts that China could produce 4.6M bbl/d by end 2016.   |
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Qanghoo
Supreme |
04-Feb-2016 13:54
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That one has been looked due purportedly to too much nonsensical hurling of insults I think.  I find it becoming more n more unpleasant there n I hope the SJ Admin takes note. 
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investor7
Senior |
04-Feb-2016 13:41
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Hi Qanghoo and sheerluck, there' s already another thread called ' Oil Price and other updates' which has been around for some time, and active. Instead of splitting attention betwn 2 threads, why not join us there and discuss all about oil matters under one roof? Thks! Let' s huat from oil!  |
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Qanghoo
Supreme |
04-Feb-2016 13:27
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There' s no global problem with oil n oil px without   America.  The Americans  drown their own country with so much excess oil n then keep shorting oil px n export the problem to the world.  So, like the previous GFC they triggered by deception over subprime, America is gonna  detonate another global financial catastrophe  by their continuing  to pump uncompromisingly  n their own shorting till they themselves go bankrupt n then dragging the world down with them.  Ask ourselves this critical qn - where are so many people looking at when they say there' s an oil glut?  Isn' t it the growing stockpile  from America?  Then why is the stockpile growing when the shalers are supposed to  have gone  bankrupt with oil at this basement px, n  when their economy is supposed to be one of the few sweet spots in global standings (ie, how do we reconcile a seeming lack of demand with a bustling economy)?  So, wldn' t  America' s  seeningly relentless pumping with this kind of inventory build, n the mindless shorting n setting of ridiculously low target prices  by the " too big to fail" bks be the " nuclear bomb" of mass global destruction" once more?  Let' s hope they kill themselves n then be forced to reverse the recent rate hike n also forced to revert to another massive QE instead.  It' d be great news cos of the  " good is bad n bad is good" effect which will send global stock mkts soaring to exuberant heights once again.     
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