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Outlook for the O&G industry., page-27

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Lithos

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21/03/20

17:25

Post #: 43622920
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Originally posted by Kashman: ↑

At this stage, though I do not like it, I would have to say I feel the market still has some way to go in this downward trend and so does BPT. The closing sentiment in the US and elsewhere overnight, despite all of the money being printed and handed out, is not positive. When the body bags start filling in New York, and they will, then shit is gonna get real.

Invertedva, In relation to your views though, I have to disagree with some aspects but agree with others.

The downside of the markets ever shutting by choice of the Government is simple.
The owner of the capital can not get it back if they want it (Or need it).... What's to then stop the Government saying we were wrong it will now need 6 months or a year or longer ?. Shutting the market destroys trust in the system and will likely only cause an all out run on the markets when it reopens anyway.

Now for the banks generosity.
I would hardly call what the banks did as generous. They will continue to accumulate interest at the highest rate on the principle and the interest each and every month whilst the value of the asset goes down as a result of the impending recession knowing full well that at the end of six months, (or 12 months when they extend their generosity), the business or the house will now be worth much less than what it was before whilst the owner (I use the term sucker) will now have to pay much more over a longer period. Hardly generous and the small business will still need to let staff go anyway and reduce their business size as a result of the changing market because their income has literally dropped off of a cliff as their customers disappear.

The Government once again has given taxpayers money to the wrong people and for me this raises a bigger question.
When the Government uses the term "Herd Immunity" do the people (Tax Payers) realise that what they really mean ?. You see, what I think they mean is the the Tax Payers are the herd and the Government and the Banks want to keep milking us dry because that is what they see the heard as being useful for. They like the herd to be fat, dumb and placid so they can easily convince us to keep getting milked as the only option. That is why they use marketing and slight of hand to convince you they are generous

The one thing you said which I totally agree with is "The highest paid professions in finance are next to useless , whilst the lowest paid professions are the most essential. At the end of this , I think we will see a reframing of the relationship between the finance sector and the rest of society. The banks know this." Lets not wait till the end.. Now is the time for reframing the relationship.

Cash is the only place to be at this time.

GLTAH, DYOR and HTFO

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insightful

BPT Price at posting: $1.08 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.47		Change -0.050(3.29%)		Mkt cap ! $3.353B

Open	High	Low	Value	Volume
$1.49	$1.49	$1.46	$11.42M	7.782M

Buyers (Bids)

No.	Vol.	Price($)
2	10000	$1.47

Sellers (Offers)

Price($)	Vol.	No.
$1.48	75145	6

View Market Depth

No.	Vol.	Price($)
1	5000	1.465
4	57113	1.460
4	58487	1.455
14	237745	1.450
1	18106	1.445

Price($)	Vol.	No.
1.475	10000	1
1.480	65715	4
1.485	28106	2
1.490	53106	2
1.495	18106	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

BPT (ASX) Chart

Outlook for the O&G industry., page-27

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Outlook for the O&G industry., page-27

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News