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moremoneyplease

2,558 Posts.

181

03/06/19

14:04

Post #: 38880704
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Originally posted by moremoneyplease: ↑

right now you have the double whammy

lower oil caused by the tradwar unsettling markets and secondly the tradewar in of itself which now includes mexico

trump is destroying the world - i wrote a post a while back on this but yall didnt want to listen abt the impact of trump on markets

markets are selling off due to the potential medium term impacts of escalating china tradewar and massive uncertainty which leads business to hold back on investment and the subsequent flow on impact of that.

Demand is the key here......oil not going to look healthy again until trade sorted. As well all know the hedges will protect revenue in 2019 but limited hedges beyond 2019 so need oil to get back arnd 60 by dec.

The big issue is whether recession will be brought fwd and then SEA is just going to get caught up in that just like it has in the past week. Having said all that there is opportunity for topping up or entry but timing will be key. One doesnt want to hop in too soon until there is some positive signs.

if we crack 30 i be buying more - nows the time to put the thinking cap on and get some good deals tho one needs to be quite picky

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https://finance.yahoo.com/news/oil-falls-four-month-low-015755145.html

SEA Price at posting: 31.8¢ Sentiment: Buy Disclosure: Held
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