Breaking news

https://oilprice.com/Latest-Energy-News/World-News/Russian-Oil-Firms-To-Discuss-The-Fate-Of-OPEC-Alliance.html

Don't think before USA election, will drop that much, because trump wants to make sure he is successful elected again

But anyway, when djia and oil price big up, Armada also not following big up, only up abit

Ziko, where got drop 5%? Both djia and oil only drop 2%, that's healthy, because yesterday djia up too much

Personally feel that Velesto is going up very fast, heading back to 0.30

This is called rebound??? Down from 0.47 to 0.16, now only 0.18, this is called rebound?

Monday trading, whenever price trying to up to 0.205 or 0.21, someone will sell and sell at 0.205 & 0.21, that's should be EPF

Armada history repeats again: Same like last year March, price back to 0.15 then gradually up to 0.20, so it's same like last year, trading around 0.15 to 0.20 again, armada operator will collect and collect all sohhai shorties shares at this price range, then 2020 1st quarter report (this round might include kraken impairment write back, so it will be better than last year 1cent earning)

So Armada operator will spend this two months to collect cheap cheap again, because Armada actually worth 0.55 (NTA)

If Russia should agree on production cut last Friday, now only show open to talk

Armada history repeats again: Same like last year March, price back to 0.15 then gradually up to 0.20-0.21, armada operator will collect and collect all sohai shorties shares at this price range, then 2020 1st quarter report (this round might include kraken impairment write back, so it will be better than last year 1cent earning)

So Armada operator will spend this two months to collect cheap again

Shorties won't die one, unless price limit up, but don't think Armada will limit up, because based on history...

Oil price up 4%

It's good, it's back to table talk again

Pang, if 0.25, it's still very undervalued

Then apan, this v shape recovery is for Armada? When? And till what price?

Personally think that EPF still dumping

Djia future also rebound 2%

Oil price now big rebound 4%

Russia and saudi now want to force US shape industry to disappear first, then it's easier for oil price to go higher later

I think oil price will rebound by Monday or Tuesday

Friday Iran minister also mentioned that's a very difficult meeting, already know Russia won't cut

Actually Wednesday and Thursday Putin already stated that Russian will not cut this round, it's actually the Saudi forcing Russia to cut, even though OPEC agreed to cut 1mil further, but with conditional Russia must cut together, that's why Friday most oil and gas counters already dropped

Anyway, Armada is really too much oversold already, with 10' days dropping, no rebound at all

That common sense

Aramco won't let the oil price go south again, don't believe on such misleading or not officially proven media news

Aramco wishing to have high oil price, not low oil price, if not they will collapse

But if the oil price is higher, then will have more oil and gas activities, and thus speculation on oil and gas counters

But anyway, Armada profits is not based on oil price fluctuations, Armada profits is based on fixed chartered rate

Because if 35usd, most petro companies do not make much profits, as their cost for pumping, all etc, are around 30usd to 35usd per barrel

Unlikely oil price will go below 40usd as saudi cannot afford to lose

And shorties in this forum everyday very happy because everyday making money

Armada already 10 days dropping with no sign of rebound

Seems like this forum all shorties very happy, everyday making money from shorting

Now hoping Arab can really do something on it, actually without Russia, they also can cut 1mil barrels

If Monday and/or Tuesday oil price big rebound then how? Actually we cannot just depend on one day price of 45usd , it's actually based on everage price per barrel throughout the whole year and or months

At this so cheap price, only two options, hold or buy more to average down

Already 10 day no rebound

Anyway, oil price will gradually up, because Arab sure will do something to push up the price one

Oil price sinked 9%, but it's still above 40usd threshold safe region, because as long as it's above 35 USD, then oil companies can still make money, but Armada operation is not depending on oil price, oil price up, same profit, oil price down, also same profits, it's just worried the termination if the oil price is below 35usd

Too much shorties, and all shorties earning huge money

Hopeless

But mikekim, till now today 10th day, totally no rebound and buying very very low, today only 11%, no sign of rebound at all......

Today is 10th day that Armada dropping non stop, with no even a little rebound

This Armada operator, shorties and EPF are devil

Velesto the price is now even better than Armada

EPF kept throwing everyday with their colluded partners shorties

Whatever good news also impossible for Armada to rebound

Buy rate ridiculous low 8%

Totally no rebound at alllllllll

10th day continue dropping, with no rebound at all, very good Armada