CRUDE OIL - Hits one month low

CRUDE OIL TECHNICAL ANALYSIS – Prices continue to decline after taking out rising channel support. A break below the 38.2% Fibonacci retracement at 56.18 exposes the 50% level at 54.08. Alternatively, a turn above the 58.17-78 area marked by the 23.6% Fib and the February 6 close targets the 14.6% retracement at 60.38.

Crude Breaks Support Line; Watch That Line for Resistance Now



-“Price wise, oil is locked in a volatile range and it takes a break of 54.21 to set the stage for a rally to a double bottom objective of 58.29. The top of December congestion at 59.01 reinforces the double bottom target as an important market level. Continuation lower would leave crude within the well-defined bearish channel and open up the 38.2% absolute retracements of the August 2013 high (112.21) and June 2014 high (107.64) at 41.12 and 42.86.I’ll add that the 38.2% absolute retracement of the May 2011 high (114.80) is 43.85 and the low thus far is 43.56.”

It's getting pummelled again btw. Share buybacks throwing cash away. Loads of pain to come for these types imo. Personally I think oil in the doldrums for at least 3 years and maybe much longer. China is more than wobbling, US still a basket case as well as a food bank state and the EU, ehmmm I'll leave that to others. Best of luck either side.

crude oil

future $48.37 +0.08

cp1

re - pummelled again

since taking over Salamander with shares, there is alot of them now around as some Institutions are having too many of them and selling to their desire level.

re - Share buybacks throwing cash away

well its all depends on oil price movement, directors think otherwise at the moment and considering the huge amount of cash they are having, at this prices I would do the same.

it seems the order book has got stronger for the last few minutes and some bounce is going on after an hour of holding around the intraday bottom of 123.50 / 124p

brent oil price at $56.63

I see no sign of the pain there today that the share price is UP 4.50p

ahem, my little puff adder
closed DOWN 1.8 on the day at 125.25

Nice of you to remind him cynic.

nice to see the retard around when the share price was down

it points to the type of person, well exposed on the Asos thread

note - oil price losing ground again at the end of the day. At 4.43pm, WTI crude was down 1.39% to $47.5/bbl. Brent fell 0.36% to $57.33/bbl


tomasz - 12 Mar 2015 09:44 - 5683 of 5695
Is that imbecile cynic with that imbecile nick-name is showing up here again??!.... must be total waste for sure...mega lol!

The RNS with the news of shares buyback, another 450k today, as the share price is weaker the number is greater.....

Ophir Energy plc
Buyback of Shares

London, 29 August 2014: Ophir Energy plc ("Ophir") announced on 14 August 2014 that, after assessing the near-term capital needs of the business and the discount the Company's shares are trading at in relation to the underlying core value of the asset base, the Board had approved a share buyback programme of up to US$100 million of ordinary shares (the "Programme").

Ophir has entered into an arrangement with its brokers, Morgan Stanley Securities Limited, Jefferies International Limited and RBC Europe Limited, to enable the brokers to make purchases of shares during the period commencing on the date hereof and ending on 21 May 2015, including during Ophir's close periods on a non-discretionary basis. The objective of the Programme is to reduce the issued share capital of Ophir and the shares purchased will be held as treasury shares.

The Programme will be effected within certain pre-set parameters pursuant to the arrangement and in accordance with Ophir's general authority to repurchase shares granted by its shareholders at itsAnnual General Meeting held on 21 May 2014 and Chapter 12 of the Listing Rules. The maximum aggregate number of shares that Ophir may purchase is 59,200,000 shares and the maximum price is the higher of 105% of the average middle-market price calculated over the five business days preceding each purchase and the price stipulated in Commission Regulation (EC) No. 2273/2003. Ophir confirms that as at 29 August 2014 it has no unpublished price sensitive inside information.

out pet puff adder is wonderful at totally unfounded lies (he LOVES that word too) as well as abuse

just for the record, i haven't held ASC for many many months, until yesterday when i shorted a few at 3906

Cynic stop ruining every thread your not invested in any of them yet you appear on several just to mock people and gloat .

jimmy - i'm not gloating but i am totally fed up with mentor and his pretty vituperative abuse that veers towards anti-semitic and that goes back 3/4 years when he was using other names .... yes, i could filter him, but why should i be bullied into so doing?

btw, lest you had not noticed, i am currently short ASC

cynic Send an email to cynic View cynic's profile - 08 Mar 2015 08:54 - 3531 of 3534

jimmy - i shall be marginally upset if it is me you are accusing of gloating, for it is singularly unwarranted
i never ever do such, for i have taken a pasting far too often through stupidity and greed
=============================

Yesterday you were trying to get another argument started by gloating at the fall in price on two different threads ,what gives you pleasure doing that ?

actually not true .....
OPHR is a mini-minnow and neither here nor there
ASC i have long thought badly o'valued, though the market still decrees otherwise

if anyone here loses money (i do, lots of times) or makes money (good luck to them), then it is with their eyes open

surely you're not of the brigade who considers it "unsporting" to have a contrary view to the masses?

You know what i'm saying .

jimmy b

you are wasting your time talking to the MAM's......... fool, liar, stalker, grasser, back stabber (goldfinger ) imbecile (Tomasz ) and any name you want to call him
Lying all the time, I cought him several times ( maybe covering his arse, well fu..... by now ) he will say bought, I sold when a share price has move up or down on his favour, so well after it happens

yesterday at ASC....posting all the time and suddenly.............i shorted at 39...., it takes plenty of time to go from 3900 to 3700p

cynic 12 Mar 2015 15:32 - 5692 of 5695

and still ticking gently south to barely 37
but yes it's still a very good rise and delighted that i shorted at 39 ...... but not the point; it's just good to give tomasz a poke with a sharp stick :-)

mentor (aka MRSI, menorca and several others) my little puff adder
call me a liar as often as you like, but as you are totally incapable of supporting that allegation - in fact it is unsupportable - it carries no weight at all, nor of course any validity

LETS the WORLD know...............
"cynic" is a LIAR well documented in several places

is a grasser (menorca)
is a fool (Fred1new )
a stalker (follow me at every thread )
back stabber (goldfinger )
imbecile (Tomasz )
coward (TANKER )