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Trump seems very keen to get a deal...

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mmartin

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29/01/19

09:56

Post #: 37247211
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Originally posted by mrwalker: ↑

I hope everyone had a wonderful 'Straya Day yesterday and didn't get too pissed and sunburnt. For our North American friends, "pissed" here means drunk, not . Anyway, tomorrow is a Public Holiday which leaves us 3 very important days left in January. We'll have the quarterly report which will more than likely come out on the 29th and this time, unlike the last quarterly, Greg will choose his words very carefully. Remember his statement last report, "we remain hopeful in our ability to bring FID...." What a disaster the word "hopeful" created! SP crashed down to 40 cents until he tweeted a statement with the word "confident" to counteract the damage done when he said he was hopeful. Personally I didn't mind as I bought up more at such a giveaway price. I'm sure he now realizes that at this stage of the game, anything he puts in his report will be heavily scrutinized. Even more so that usual. Fingers will be poised above buy/sell buttons, especially the wretched bots, ready to dictate the resulting share price movements.
We then have the high level Chinese delegation visiting Washington on the 30th and the 31st to sort out trade issues with 1 month remaining on the cease fire. Resolving the trade imbalance will be the easiest to commit to and Soybeans and LNG are the two commodities at the top of the list and always mentioned when the subject comes up so we may see some action on that front as a first step. Wilbur Ross mentioned it again last week. With Trump getting thumped on Friday he will be keen to claim a victory of any sort and certainly before Feb 15th when government may be shut down again. I am of the belief that in a drawer of someone's desk in either Houston or China there is contract for a BTA of 8.8 Mtpa just waiting for a signature as soon as the Chinese powers that be say "You may sign the contract now." This week could tell us just how soon ink will hit paper. To that end, I remain confident, far more than hopeful!

Cheers
MW

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Trump seems very keen to get a deal done.

https://www.bloomberg.com/news/articles/2019-01-28/u-s-confirms-china-trade-talks-to-begin-this-week-in-washington
Trump to Wade into China Trade Talks
This Week as Deadline Looms

The Trump administration will press China to show it can live up to its promises in talks this week aimed at ending the trade war between the world’s two biggest economies, according to Treasury Secretary Steven Mnuchin.
In a sign of the importance the White House is placing on the talks,President Donald Trump is expected to meet China’s top trade negotiator,according to Mnuchin. The round of talks Wednesday and Thursday will cover U.S.demands for structural changes to China’s economy and Beijing’s pledge to buymore American goods.

Last edited by mmartin: 29/01/19

LNG Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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Trump seems very keen to get a deal...

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