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Yeah, I may have missed the boat so far :D.

Just wondering what the short term future will hopefully hold, any updates on Sealion etc.
 
Main thing is they are commercially viable, long way to actually extract oil and sell. Meanwhile people value based on possible take over bids I guess. Korea wants to buy oil resources afaik


USA SP500 has the 1200 hurdle to take now. Expecting markets to stall some, Im not exactly upto speed but seems slow?

BP 420 is a depressingly low but possible point to take profits for some of the recent buyers

Gulf Spill Trial Given Start Date In Late February -Report
DOW JONES NEWSWIRES

A civil trial to determine liability in last year's Gulf of Mexico oil spill has been given a preliminary start date of Feb. 27, 2012, with the expected lengthy proceedings to be broken into three phases, Courthouse News reported Monday.

U.S. District Judge Carl Barbier in New Orleans said at a monthly status conference Friday that the trial schedule would likely follow one proposed by Anadarko Petroleum Corp. (APC). As of now, more than 100,000 plaintiffs are involved in the litigation.

The initial phase of the trial will deal with the conduct of parties involved in the doomed Deepwater Horizon drilling rig, owned by Transocean Ltd. (RIG), and the April 20, 2010, explosion and sinking of the platform, which resulted in the deaths of 11 workers.

The second phase will address source control and quantification of discharge, with the third phase to deal with remaining matters such as containment, skimming, use of dispersants and boom, according to the report.

BP PLC (BP) was owner of the Macondo well and was leasing Deepwater Horizon from Transocean at the time of the explosion.

Plaintiffs in the case include fishermen, shrimpers, and restaurant and resort owners seeking compensation for losses from the spill. Among others are rig workers who were injured and the families of those killed in the blast.

Full story at: www.courthousenews.com/2011/08/15/38980.htm

-Dow Jones Newswires; 212-416-2900

Order free Annual Report for Anadarko Petroleum

Visit http://djnewswires.ar.wilink.com/?link=APC or call 1-888-301-0513

Order free Annual Report for BP plc

Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513

Order free Annual Report for Transocean Inc.

Visit http://djnewswires.ar.wilink.com/?link=RIG or call 1-888-301-0513

(END) Dow Jones Newswires

August 15, 2011 11:06 ET (15:06 GMT)
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Germany is a massive world exporter, that is a terrible knock to the bigger picture


Ive bought back VED but may regret it though its not expensive it could get cheaper. BHP Im leaving for later

Heritage oil increases output in Russia which is probably important as its only a little they have. Price is strong


Nice deal on FOGL you got, lucky
 
I was expecting different closing points scores today, much worse that what we actually ended up with.

Having said that the markets get their say tomorrow after the French & German proposition, which if I'm honest when listening to I thought was pretty useless as they haven't really seemed to propose much of a solution, at least to the caliber that was expected. I think the continued lack of confidence will show itself tomorrow, thought I would very much like to be proved wrong!
 
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Politics is always useless, its just whether we realise that on the day or not :p

I also thought it might prove more negative from lack of reassurance but it could also be a case of 'less worse' and adjustment upwards still. Euro is top of its range in its summer negative trend so its at a crossroads now Just noticed WS Atkins is unpopular and thinking I will take an interest that I could not earlier in the year as it had already jumped up

Engineering is a tiger in the grass.

What could UK offer the world, apparently there is a real supply squeeze on good engineering expertise. It was the fastest growing FTSE sector for last year for a long time, its not a mistake imo so will continue to investigate Might jump in or wait and scale in.

Good yield anyway, likely good cashflow.

http://www.telegraph.co.uk/finance/...ilds-on-Olympic-and-Middle-East-activity.html
 
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Still pleased I sucked my money out of the BARC, BLND and TSCO last Monday even if I did lose a couple of hundred quid...
 
Euro is top of its range in its summer negative trend so its at a crossroads now
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Unfortunately its taken a bad turn. Always hard to tell which way it'll go.

Bought back santander I sold and got ws atkins and I bought BHP way too early, ho hum.

Very bad USA manufacturing figures, they should be exporting and they arent. Back to 2009 as is Barclays share price at 150 :o


Car owners rejoice, oil down 5%
BP also below 400 as to be expected USO in possible support area
 
sigma said:
Were they not long-term investments?
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Buy and hold is dead. Nine out of ten detectives said Ben Bernanke did it, in the FED, with a QE candlestick.

The average period of share ownership is supposed to be something like four months now. It's a great market for traders and spectators. Not such a good time for investors.

CNBC's been quite "entertaining" today. Lots of stress bubbling under the surface.
 
sigma said:
How come?

Were they not long-term investments?
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I don't want to hold shares for years just to get back to what I put in. I recently read the naked trader, who suggests stop losses and not letting shares got to -10%.

I didn't want to lose even more money and make the mistake of holding forever whilst the market went down. I didn't like the volatility, I thought I might be better taking my money out and buying back when the macro outlook is better.

I won't be buying back until politicians in Europe actually do something useful. The recent announcement made was in my opinion idiotic and completely useless. Politically I disagree with what they were suggesting and I don't think it would be voted through the EU anyway.

I am still holding two gold mining companies and a Nickel mining company. I am holding BP that I bought at 350p and Northumbrian Water as I have a near guaranteed payout as they will be taken over.
 
silversurfer said:
BP also below 400 as to be expected USO in possible support area
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USO?

Andrew_McP said:
Buy and hold is dead. Nine out of ten detectives said Ben Bernanke did it, in the FED, with a QE candlestick.

The average period of share ownership is supposed to be something like four months now. It's a great market for traders and spectators. Not such a good time for investors.

CNBC's been quite "entertaining" today. Lots of stress bubbling under the surface.
Click to expand...

Surely it's a great time for long-term investors because prices are dropping? Buy into a decent company now whilst prices are low and hold for 3-5 years?

jmhduck said:
I don't want to hold shares for years just to get back to what I put in. I recently read the naked trader, who suggests stop losses and not letting shares got to -10%.

I didn't want to lose even more money and make the mistake of holding forever whilst the market went down. I didn't like the volatility, I thought I might be better taking my money out and buying back when the macro outlook is better.

I won't be buying back until politicians in Europe actually do something useful. The recent announcement made was in my opinion idiotic and completely useless and politically I disagree with what they were suggesting and I don't think it would be voted through anywhere.

I am still holding two gold mining companies and a Nickel mining company. I am holding BP that I bought at 350p and Northumbrian Water as I have a near guaranteed payout as they will be taken over.
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I see. Looks like it is a rough road ahead until some plans come about, even then, there is no short-term fix-all solution is there? Only spending cuts from what I can tell.
 
USO should show on google finance. USA controls the world hence this nasty selloff comes in their hours 2.30-9pm and USO is the USA oil fund, tracking that gives you idea of their perspective. I think its near a good low, for the moment anyway

Also these guys dont like cheap oil http://www.telegraph.co.uk/finance/...he-Saudis-cant-afford-an-oil-price-slump.html



[good low = the closing prices of 2010 kept USO above this price]
 
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