Just watch putin come July 21st. Will he turn the gas back on for Europe. If he does not then oil will get a major boost. Just for everyone's information Nordstream pipeline is under service and repair , GAS has been turned off to the Euro countries. Some analyst are warning of major consequences if Putin decides not to turn the gas back on.
Many good points noted. If they can accumulate the chickens in the coop and sell more at higher price than why not? Sure will be good loh. But i don't think can count chicken or eggs until we see the results in time to come. Which is another 3 months wait. Meanwhile can expect lots of volatility. My concern for now is the lower sales revenue as compared to the expected triple after Repsol acquisition. Let's not forget it is not so much how much oil you have but how big is the demand and at what price. The price is beautiful but demand? That is now the key. What are the effects of China lockdowns and high price of oil at the pump. I personally have reduced travel to save on the increased expense. many others also doing the same?
Revenue in lay man terms is SALES !!! If sales increase only 20% when compared to one year ago, it means something is not right. The management needs to clarify. Production jump by 100%++ but revenue increase by only 20%??????? Hello??? Apa ini???
The three numbers above are Revenue, Profit before tax and net profit. Can someone explain why the revenue is so low??? Production has jumped from about 9000 barrels equivalent to 20, 000 barrels per day. So why revenue increase just by 20% from a year earlier before Repsol purchase. Second question is why the profit declared is so much higher than the revenue??? Apa ini??? Accounting magic kah??? No wonder when the results were announced the share price straight fall and fall.
Better corporate governance is to beware of news spinsters trying to offer exciting breaking news revealing some details with some spices added to make interesting flavor. Just waste peoples time and money.
With covid cases rising steeply in china which is still using lockdowns to contain the spread, we may have a dampener on demand in the following weeks and months. There may be a correction and stabilization in the $70 - $80 range before rebounding from mid year onwards to $100 and beyond. Not to mention China and India are buying oil at a big discount from Russia which will also affect the broader market. Lots of uncertainty over the next few months. But definitely looks brighter over the longer term. I will hold and just let whatever happen to happen. No use trying to time this market. Too difficult. I don't need the headache.
Dead cat bounce only. Later will start to selloff again. Nothing positive for the broader market. Inflation rising like hell, next week FED will raise interest rate and issue warnings. Expect more market downturn. Take cover in Black and Yellow Gold.
Russia has announced sanctions are a declaration of war. That means the conflict may widen to other parts of Europe. He is also capable of shutting the supply of oil and gas to European countries. A big shock for prices if that happens.
26th OPEC and non-OPEC Ministerial Meeting concludesNo 06/2022 Vienna, Austria 02 Mar 2022 Following the conclusion of the 26th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 2 March 2022, and based on internal consultation held exclusively by the OPEC and participating non-OPEC oil-producing countries in the Declaration of Cooperation of (DoC), it was noted that current oil market fundamentals and the consensus on its outlook pointed to a well-balanced market, and that current volatility is not caused by changes in market fundamentals but by current geopolitical developments.
BennyWhittman Your advice is spot on Bro. Keep up the good work guiding the juniors.
Zhang Thanks for the updated article. Your questions are genuine concerns. When to take profit is indeed a very challenging question to answer especially in a volatile market scenario. I personally will hold for the longer term just to give chance a chance !!!!
Russia is a key oil and gas supplier, especially to Europe. While the latest round of sanctions do not target energy directly, experts say there will be significant ripple effects.
“The various banking sanctions make it highly difficult for Russian petroleum sales to occur now,” said John Kilduff, partner at Again Capital. “Most banks will not provide basic financing, due to the risk of running afoul of sanctions.”
Putin could also decide to retaliate against the U.S. and allies’ action by weaponizing energy and turning off the taps directly.
″[W]e do think a number of Western firms may decide that it is not worth the risk of continuing to do business with Russia given the uncertainty about enforcement and the trajectory of future coercive action,” RBC said Sunday in a note to clients.
The U.S. has made too many enemies, now not many will stand with them to face Russia. The World's two most populous countries, India and China are friends of Russia. Sanctions will not work as such. Iran will not supply oil to help the situation as they are the most angriest country on earth that really and badly hates the U.S. My suspicion is even the U.S. and Germany want to see oil and gas prices to rise higher and become a severe pain to consumers so that more and more people would want to switch to green energy. The sales of Electric Vehicles will shoot up. The pain from high gasoline prices will reverberate across the world. Next big shock for crude oil and gas ? Russia may shut the valves , so no oil and gas supply to Europe. Very simple, no money no supply. The swift move on the russian financial system will result in a swift move by russia to cut the energy supply. That would be putin's go F*** your selves.
Nato countries will do for Ukraine what the U.S. did for Afghanistan during 10 years of fighting Russians. They will supply sophisticated weapons to fight a guerilla war. For now Russia may be winning, but the pain will come to them for many months ahead and possibly for many years if they choose to remain in that hell. The frreedom fighters will recieve the weapons through the border with Poland and Romania (both Nato members). Just as the Afghans recieved U.S. weapons through border with Pakistan. Russian army will live through hell. Just watch the events unfold. Many Ukrainians will die though. That is the reality of war. Pray for peace and wisdom for all nations.
The big story to wait for would be sanctions on Russian oil and gas. Just wait for that for next leg up. May come over the weekend so as to reduce shock impact on markets. My bet is it is coming for sure. If not now maybe in the coming weeks.
The pipelines running through Ukraine are at danger of damage due to war. If the pipelines are turned off for safety sake or are ruptured, Europe will suffer huge shortage and that will create incredible demand for energy. We are talking about CRUDE OIL , LNG , COAL. LNG tankers will be in huge demand. Let me know if Bursa has this tankers manufacturers. The order book will balloon.
Putin wants higher energy prices, but don't underestimate Biden as he is a big promoter of green energy and EV revolution. Higher energy prices will benefit his agenda in shifting to alternate energy to fossil fuels. Higher energy prices may be what they are both dreaming of. If it is the case then brace for Hibiscus sky rocketing.
Biden kick Putin in the backside with some sanctions , now mad Putin gonna increase the heat level, then Biden will increase sanctions, then Biden gonna increase the heat level some more, sooner or later crude oil price will be at $100 - $ 150 ? Hmmmm ?
Tomorrow 22-02-22 is the 8th anniversary of overthrow of Russian backed government in Ukraine. There is a possibility it may be the date selected for invasion. Brace for impact. If war does happen, the markets could be in turmoil. There will be forces pushing prices up and forces trying to push prices down. Who will win? Some may wonder why some forces will try to push price down. Biden and allies will try to teach the aggressor a lesson by hurting their finances. The war may not be a guarantee for easy money to be made. Just beware, the outcome depends on who wins in the financial markets. I was all in on Hibi and Pantech, but today sold 30% to keep some cash on side just in case. Market goes up I win, market goes down I shall buy lower. just sharing my thoughts. Your strategy should suit your own style. Best of luck everyone.