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ZN and current events regarding Saudi Arabian Russian Alliance and the rock cut out of stone:
Timing and His plan. Does everyone here know about the recently formed 2017 Saudi+Russian sovereign wealth fund oil, military goods & trade alliance made in October 2017? The King of Saudi Arabia & hundreds of princes were part of an entourage of 1500 Saudis that made an unprecedented trip to Moscow to fix OIL price in the future as both countries are dependant upon the price of oil to support their economies (and the world's press hardly took notice). Recently, their agreement to boost oil production & oil exports (anticipating Iran sanctions) was part of this newly formed oil alliance. They "think" they will be able to control the market but we all know better.... surprise surprise the "little rock" that hit the feet of the statue and crumbled all the world powers. The ones here that are knowledgeable recognize its in the BOOK!
http://www.pionline.com/article/20171005/ONLINE/171009872/russia-saudi-arabia-sovereign-wealth-funds-create-fund-to-invest-in-russian-energy-technology
https://www.swfinstitute.org/swf-news/saudi-public-investment-fund-to-allocate-10-billion-in-russia/
https://nationalpost.com/news/canada/inside-the-saudi-kings-visit-to-russia-a-1500-person-entourage-and-a-golden-escalator
https://www.cnbc.com/2018/03/28/opec-saudi-arabia-and-russias-unparalleled-oil-deal-wins-approval.html
https://www.telegraph.co.uk/news/2018/06/23/opec-oil-deal-gets-sign-victory-saudis-russia/
Buckle up run to $5 today. Yesterday was shakeout beartrap and/or technical support retrace
Hey guys I called Zion today asking about the direct stock purchase program and was told thay there is a $10,080 day limit per transaction per day. So this is good news in that big funds won't be allowed to use it as a back door short covering mechanism.
Hmm and oil is predicted to large $90 price spike: Iran sanctions could push oil prices above $90 a barrel, Bank of America Merrill Lynch says. A support vessel maneuvers near the crude oil tanker 'Devon' as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018.Ali Mohammadi | Bloomberg | Getty Images A support vessel maneuvers near the crude oil tanker 'Devon' as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018.
President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon help to push oil prices above $90 a barrel, analysts told CNBC on Thursday.
Crude futures were seen hovering close to multi-year highs during early afternoon deals, after a bigger-than-expected drop in U.S. stockpiles added to a rally fueled by a major Canadian supply outage, concerns about Libya’s exports and efforts by the Trump administration to cut off funds from Iran.
“We are in a very attractive oil price environment and our house view is that oil will hit $90 by the end of the second quarter of next year,” Hootan Yazhari, head of frontier markets equity research at Bank of America Merrill Lynch, said.
“We are moving into an environment where supply disruptions are visible all over the world… and of course President Trump has been pretty active in trying to isolate Iran and getting U.S. allies not to purchase oil from Iran,” he added.
International benchmark Brent crude traded at around $78.18 on Thursday, up around 0.7 percent while U.S. West Texas Intermediate (WTI) stood unchanged at $72.72.
Saudi Arabia is ‘genuinely worried’
On Tuesday, the U.S. demanded that all countries halt imports of Iranian crude from early November. The Trump administration’s hardline position comes as part of a broader push to try to further isolate Tehran both politically and economically.
Nonetheless, most major importers of Iranian crude have balked at Washington’s almost unilateral policy towards Iran.
The move followed OPEC’s decision to ramp up crude production last week. The Middle East-dominated cartel is looking to moderate oil prices after a rally of more than 40 percent over the last 12 months.
The 14-member producer group took action as Venezuela's dwindling output, the looming disruptions to Iran's supplies, and production declines elsewhere raised concerns about crude futures rising enough to dent global demand.
“Saudi Arabia is genuinely worried, perhaps even panicked, about supply losses from Iran — something it simply cannot be seen to say publicly — and the likely price spike that will result,” analysts at Energy Aspects said in a research note published Thursday.
— CNBC’s Tom DiChristopher contributed to this report.
New and timely development: Saudi-Russian axis rules oil markets as Trump fights Iran
DUBAI/LONDON (Reuters) - Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence - if last week’s OPEC meeting in Vienna is anything to go by.
FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo
Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports, meaning Tehran had little to gain from OPEC production increases that lower oil prices and cut its revenue.
But Saudi Arabia and Russia had other ideas. According to three sources close to OPEC and Russia, the world’s two biggest oil exporters agreed in May to work hand in glove to engineer a sizeable increase in oil output - albeit for different reasons.
The events in Vienna were the latest example of how Russia and Saudi Arabia have effectively sidelined OPEC, driving policy for their own geopolitical ends and, in the case of Saudi Arabia, often at the behest of the United States.
With their end game in mind, Russia first proposed that the combined output of OPEC countries and non-OPEC allies, such as itself, should jump 1.5 million barrels a day (bpd) from July. Their tactic was for Saudi Arabia to then suggest a more modest rise of less than 1 million barrels in the hope it would be acceptable to Iran, the three sources told Reuters.
Saudi Arabia was keen to raise output to meet calls from U.S President Donald Trump and major consumers such as India and China to help cool oil prices and avoid shortages, according to Saudi officials including Energy Minister Khalid al-Falih.
Russia, meanwhile, was under pressure from its own energy companies to lift caps on output and fight a steep rise in domestic fuel prices that was hurting President Vladimir Putin’s popularity, according to two Russian oil industry sources.
In the end, Saudi Arabia pushed through a rise of 1 million bpd at the Vienna meeting, in line with the plan it had agreed with Moscow more than a month earlier.
While Russia’s motivation was mainly for domestic reasons, the outcome also played into Trump’s hands to help lower domestic fuel prices ahead of U.S. midterm elections.
ARM-TWISTING
OPEC, the organization that triggered the oil shock of 1973 by restricting supplies to countries supporting Israel in the Yom Kippur war, once controlled 40 percent to 50 percent of the world’s oil supply and commanded the full attention of markets.
FILE PHOTO: Iran's Oil Minister Bijan Zanganeh arrives at his hotel ahead of a meeting of OPEC oil ministers in Vienna, Austria, June 19, 2018. REUTERS/Heinz-Peter Bader/File Photo
Now, OPEC produces a third of the world’s crude, while Saudi Arabia, combined with non-OPEC members Russia and the United States, pump more. What’s more, their share of the global market is only set to rise, giving the three countries even more influence over the geopolitics of oil.
In a bid to revive oil prices after they fell as low as $27 a barrel in 2016, OPEC and its allies struck a deal to cut oil output by 1.8 million bpd from the start of 2017. The pact rebalanced the market and lifted crude to about $75 a barrel.
But unexpected outages in Venezuela, Libya and Angola have effectively increased the cuts to some 2.8 million bpd in recent months and U.S. sanctions are expected to cut Iran’s output by a third - all threatening to push crude prices ever higher.
Saudi Arabia insisted as recently as April it was too soon to open the taps but Riyadh made a U-turn after its ally the United States called on OPEC to boost supplies.
With Russia on the same wavelength for its own reasons, Iran had to be persuaded. But it was not without a fight, and some arm-twisting from Riyadh and Moscow, OPEC sources said.
REASONABLE CASE
A day before the official OPEC meeting on Friday, Iranian Oil Minister Bijan Zanganeh stormed out of a gathering of OPEC and non-OPEC allies saying there would be no agreement.
But a last minute conversation on Friday morning with Falih and Saudi minister of state for energy affairs Prince Abdulaziz helped convince Zanganeh, according to three OPEC sources.
A veteran of OPEC diplomacy for more than two decades, the prince, a son of King Salman, was instrumental in getting the initial production pact together in 2016.
The Saudi ministers thought they had a reasonable case: OPEC needed to act to tame high oil prices hurting consumers and if Zanganeh refused to sign up, Iran risked being isolated by other producers who would increase production anyway, sources said.
Zanganeh was also told if the deal was blocked by Iran, it may lead to the withdrawal of Russia from the agreement, the sources said. One of Tehran’s closest allies, Moscow is helping Iran fight to keep Syrian President Bashar al-Assad in power.
One Russian energy source said Iran was also keen to keep Moscow on side because it hopes Russia will be able to help it sell crude as the U.S. sanctions bite.
FILE PHOTO: Saudi Arabia's Oil Minister Khalid al-Falih arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader/File Photo
The existing OPEC deal dating back from 2016 gave Iran a production quota of 4 million barrels per day. Keeping that deal intact was crucial to Zanganeh, OPEC sources said. Excluding Iran from the new deal would mean a loss of that output quota.
“We have 24 countries in the agreement, they can always be 23,” one of the OPEC sources said.
Kuwait, Oman and the United Arab Emirates also participated in efforts to convince Iran, according to OPEC sources.
SAUDI OUTPUT SPIKE
Events since the meeting have further underlined how OPEC members are increasingly being left out of crucial production decisions being taken by Saudi Arabia and Russia.
When Trump slapped fresh sanctions on Iran in May Saudi Arabia issued a statement the same day saying it was prepared to meet any supply shortage. Riyadh was briefed by Washington a day before the sanctions and was asked to issue the statement, Reuters reported earlier this month.
When Washington said this week it was asking customers in Asia and Europe to reduce Iranian oil purchases to zero from November, sources familiar with Saudi oil thinking briefed the market about an imminent rise in Saudi output to a record.
It was not clear whether Washington briefed Riyadh this time or whether it asked it to issue a new statement. But as the news about a jump in Saudi output filtered out, oil prices cooled.
The Saudi announcement took most OPEC members - and especially Iran - by surprise.
Even though the OPEC decision a week earlier was kept deliberately vague last week for both Iran and Saudi to compromise, Falih had promised to only gradually increase its supply by a few “hundreds of thousands of barrels”.
On Tuesday, sources said Saudi output would rise to a new record of 11 million bpd as early as July, a whole 1 million bpd above May, immediately triggering a protest from Iran.
“The State Department says it is short and Saudi Arabia says they will produce 11 million bpd in July. I regret to say they are both ridiculing our organization,” Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Thursday.
Saudi sources said the kingdom’s oil output had already started rising substantially above its quota in June, before the OPEC meeting. The only other oil producing country to boost production above its quota in June was Russia.
Additional reporting by Olesya Astakhova and Vladimir Soldatkin in Moscow and Alex Lawler in London; editing by David Clarke
https://www.reuters.com/article/us-oil-opec-analysis/saudi-russian-axis-rules-oil-markets-as-trump-fights-iran-idUSKBN1JO277
Actually I love the July 20th options because there are not many open contracts - perfect timing for early MM run. Watch July 4th sleepy trading week - last July 4th we had run up to $6.90
ZN bigger than NBL (Tamar gas discovery worth 95 BILLION now): Remember Noble Energy's Israeli discovery of one of the world's largest deposits of natural gas EVER back in 2010? Well ZN could dwarf NBL's energy discovery. NBL was drilling on the Mediterranean Sea on a very expensive deep sea platform and ZN is drilling on LAND close to Haifa refinery and beautiful warm sea port -and they are drilling primarily for OIL (more valuable) and also natural gas! It is MUCH less expensive and much easier to bring product to market when drilling on land. NBL's discovery could very well have been just the "first fruits" of Israel's pending energy revolution... https://www.houstonchronicle.com/business/article/Noble-Energy-sanctions-massive-Leviathan-project-10955355.php
MM's like to make ZN run over the slow business July 4th week. Just saying July options might just do fine. July $5 calls were snapped up today for 20 cents (now back up to 30 cents) If they go cheaper say 15 cents they are worth the risk imo :)
Hmmm could today be a re-test trap with the big boys letting the middle sized fish fall on their sword? Possible game plan: let them short it down to -9% with a big long whale knocking it past -10% to ice the shorts...and then proceed to run it back up. Today's end of day close will be interesting. We may very well see a battle.
I can assure you that large MM's or Exxon will be able to make the cash "deposit" the same day on the verge of a pending public announcement.
lol western union check and grub hub delivery person not required :)
If MM's & funds get early whispers of a monster ZN discovery, THEIR best option is to buy HUGE quantities of ZN share directly through ZN's direct stock purchase program at the average price of the day...
I believe ZN has a max share shelf of 200 million shares - with about 70 million potentially accounted included outstanding warrants.
Can you imagine the day when ZN suddenly announces immediate termination of direct purchases because they have been purchased in a flash 1 day buy! Imagine if Exxon jumps in and buys 130 million shares at $5? What is 650 million to Exxon? Seriously... funding is not going to be problem AT ALL.
The question is will they sell out at $5 a share or $50 share????
I sure hope ZN is smart and closes this back door direct stock purchase program soon or at least puts a cap on maximum single investment of say 10k shares per day....
I'm going to call ZN today and discuss this matter.
Another thought. MM's could be averaging price down today to buy more, buy in new or simply to cover short sales directly through ZN's direct stock purchase program.
Close today will be interesting. Re-test or battle of long vs short market funds? Yesterday's spike to 4.28 with 165k shares shorted at 1:24pm was clearly a "tell" in hindsight. Kinda thought the volume wasn't quite high enough to be the final push...
I would love to know how many shares sly MM's are purchasing through ZN's direct purchase program off market radar. And short covering too.
Exactly. The valley of Megiddo is one of the lowest places on Earth and that's exactly where ZN is drilling - and on multiple plate fault lines. Boom baby!
All ZN signals are BUY BUY BUY. Volume today was consolidation for next move up.2 week uptrend up 30% is just the beginning.
From the Marketfixx.com link: buy on strength baby - MARKETFIXX
ONE HOT STOCKIs It Time To Buy Zion Oil & Gas? http://marketfixx.com/is-it-time-to-buy-zion-oil-gas/
ByOne Hot StockPublished on June 27, 2018
Zion Oil & Gas, Inc. (ZN) operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.
Long Term Trend
The long term trend of Zion Oil & Gas Inc is UP indicating that ZN has experienced an UP trend for at least the past 180 trading days. Long term trends are key to understanding the starting point to the path of least resistance of a stocks price trend. The expected future trend bias is always strongest with the current trend.
Short Term Trend
The short term trend of Zion Oil & Gas Inc is UP, ZN has been undergoing a short term UP UP over the past 7-10 days.
Signal
The current signal for Zion Oil & Gas Inc is BUY indicating that the stock could be Advancing in its trend. The current price trend is not Extreme. Stocks in extreme levels of price trend should be allowed to move out of the extreme range before a buy or sell decision should be made. As is the case for most trending momentum style stocks, much of the “reason” price action is not often known until well into the price trend. But earnings growth and management efficiency are key components to a foundation to a sustainable uptrend. We will focus on fundamental indications that can build a case for reasons why the stock should continue its current trend.
Behold the quiet before the storm
Everyone notice the trend last 2 weeks? Up 10% soften up and settle in up 7%
Hey Married. Options are bullish. Looking to settle in at $5 or greater by end of week. July 20th $5 calls selling for 25 cents and August 55 cents
$6+ soon walking her up. Close on high of day again. Again tomorrow. New MM's in on Russell cover want their ZN reward too. Watch for volume - MM's have not even started to shake ZN upwards.
Short interest is tricky as ZN still has wide open door to cover with their open direct purchase program. At least they will be funding ZN operations lol.
Amazing development!
Imagine what would happen tomorrow to ZN PPS if Zion announced the cancellation of their direct stock purchase program shutting down the shorts back door access to cheap shares. It may happen very soon and would be the signal they have a huge discovery.
Investment guru Dan Celia interviews Victor Carrillo & Dr. Russel discuss ZN:
Married, Russell 3000 fund buyers don't buy shares to short at their purchase price for measely interest fees on loaned shares. Sheesh, the price of ZN has been artificialy suppressed and manipulated by dark fund pools (off 13F radar) for much too long. Next 13F is going to be amazing! But we'll have news prior to Aug 15 so it'll be a secret until then. Bottom line, we are going much higher - even on speculation alone...
Look at options. Bottom line: Big boys just took over and they are STILL buying sitting on the bid soaking up the short attacks (notice how quickly that push lasted lol). Yeah they reaped the benefits of shorty and even helped in the past but good news has leaked and we are looking at a monster uptick in PPS. Wait for it soon. Higher than anyone has anticipated.
ZN included in Russell 3000 is great news. Even more index funds will likely be buying into ZN now as they follow the Russell - many don't have to buy in immediately but will look for opportunity so all upward buying interest. Also all recent buying was on the cheap so any inclination to short will want to take pps higher first. We should see $5-6 very shortly in my opinion
Guys it's pretty obvious to me that more than just Russell 3000 funds have been buying into ZN on the sly over the last few months... It appears to have be an opportunity event to piggy back with the Russell 3000 as the pretense to obfuscate.
The next 13F (due 7/15/18) is going to be incredible. Clearly ZN accumulators have been active both buying for Russell 3000 clients and also new non-index funds clients. All looking to go long with collective inertia push. Now get ready!
Many Fund boys are going to have a very long weekend thinking this over or sweating it over lol.
Good summation and if the accumulator was accumulating they have been doing so for quite a while ..... they didn't get 3.8 million shares just today (ZN's float is actually very low - likely under 100,000 a day if you take out the MMs back and forth fakies)
Just imagine if the accumulator went to make the final transaction sale (to the buying agent) on the set time and another MM's supercomputer noticed it split second and swooped them ALL UP! What a O'crapolo moment lol
3.8 million shares covered one MM to another. SEC needs to prosecute these MM thieves working short positions to utterly manipulate the market. The bid and ask is not real folks - the Wallstreet marketplace is a soros slaughterhouse for retail and the SEC does nothing. Today's 6 million shares traded with a 16 gainer is a joke. MMs have covered and will scare the crap out of all remaining shorts is my only solace. Next week is going to be wild.
3.8 million volume on the closing 4:00pm minute (and it only moved the price by 10 cents lol)
Today was the MMs shenanigans cover. How this crap is legal I'll never know.............. What the H excuse my french :(
Good call Geo - what say about this rally? For fun will ZN continue to rise into next week and what is your expected pps by next Friday? My best guestimate is $5.00 by Friday with no news just anticipation or $10 if oil flow news starts leaking ... pictures of interest etc....
ZN is giving updates to the State of Israel and trust me news travels fast even when supposed to be kept secret. New ZN year high next week? Last 3 days have been day trade & short traps closing higher now 4 days in a row. We could be looking at a new all time ZN high... $12 + if my memory serves me correct.
Been monitoring the options on the bid and the MM's are putting tickler bids (aka 20+"1") on the buy bid. Basically this allows their supercomputers to beat out the other retail bidders bidding at same price by getting filled by a fraction of a cent over retail. Retail bidders are not allowed to play this game / yeah its rigged but just note the MM's have become buyers of the options! Likely trying to buy to close the same options they sold trying to limit their potential loss.
Anyhow bottom line is MMs are now BULLISH.
Level 2 WIDE OPEN to $4: http://markets.cboe.com/us/equities/market_statistics/book/ZN/
Very small sell blocks. That big 75k block came out of nowhere though. May have been a day trade flipper who got his 15% and wants to cut and run.
The following is a nice link showing limited level 2 bid/ask provided by & thanks to Tothe:
http://markets.cboe.com/us/equities/market_statistics/book/ZN/
Level 2 wide open no large sell blocks. We are going to $5 very soon on anticipation alone but with awesome oil shows leaking out we R at $10+