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Posts by "asad"

793 Posts by Anonymous "asad":
asad
London, UK
Posted Anonymously
15 years ago
Sep 4, 2009 1:02
FX,

I was considering jumping into natural...but w/ oil set to decline, I believe Gas eill follow suit. I was EXACTLY thinking the same level Qin - 2.3! :) We have EXCESSIVE gas inventories...and it wold be interesting to see if we break 3.0 by October...
asad
London, UK
Posted Anonymously
15 years ago
Sep 4, 2009 0:59
Qin, Quickly, while you're still on your laptop...your prediction for tomorrow- oil?
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 23:48
Qin Qin Qin,

Hurry...hurry. N. Gas 2.5. Buy? Tell me quick. I've freed up some equity. Do you reckon N. Gas at 2.5 is good...or do you think I should be greedy and wait for 2.3. Are you jumping in?

Be careful with your advice. It WILL be taken seriously!
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 23:46
Ashraf,

WAIT A SECOND!! What are you?? You have DUG, you have a portfolio of currencies, you have gold...and you have silver TOO??!!

If it's a rumor, then it's as golden a short opportunity as gold! In ANY case...do you see gold at 993 one week from now? No. What fundamental event has happened? Nothing. It is a good short...I believe, up to 970ish at least.

MOST importantly, Ashraf, N. Gas is 2.5. Golden to buy? Please give me an opinion. I'm DYING to get into N. Gas!

Azza, short on oil...and STAY short! Now you have Ashraf aaaaaaaand his sidekick advising you. Safe hands... ;)
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 3:02
Hey Ashraf,

You can help? What do you reckon they mean that we need $X to balance out GDP...because the disparity b/w (say average) $60 (media) and $6 (FX) is humongous!! What's your take on these figs?
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 3:00
FX,

What are you saying man? Can you verify these minimal figures? $2.5/b for SA? Ok, even if we triple it eleven years on - 7.5 - that still believable unbelievable!

So are you actually saying that the FINAl cost of then after extraction (NOT refining) was 2.5? How can I verify this?

Please let me know where you get your data from...because even if I'm no oilman...I live and sleep oil!
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 1:00
Qin,

To correct your analysis, the averages for ME producers to balance their GDP differs! For example, SA needs a price above $45 to sustain while Iran needs $65. Venezuela, another oil major needs $60. It is THIS difference which causes politicking amongst the OPEC members (& hence accusations of 'cheating' on production quotas). It is this politics that the US looks to (unsuccessfully) exploit...
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 0:51
Ashraf,

I've stated this before...and I'll add about 15% to your probability of sub 50 oil. Besides falling demand, world's crude storage capacity is near 90% - I believe we have more-than-enough oil to sustain winters.

Shorting oil, I repeat, is the SUREST bet the market has to offer. USD...we don't know, S&P...we don't know, gold...we don't know. But oil, technically & fundamentally, HAS to come down (barring the Israel/Natanz scenario). Next week, this time, Smiler WILL be smiling ...
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 0:44
Ashraf,

You're PRETTY slippery you know (even though you're not REALLY into oil). You're not taking on my Goldman rumors? Are you being shy for any reason? :p
asad
London, UK
Posted Anonymously
15 years ago
Sep 2, 2009 23:59
Ashraf,

Sorry mate...we're seeing 980 on gold before the 900! But holding gold ETFs, I'm sure, you'd LOVE to be proven wrong this way... :)