$CNOOC(00883)$  FY2023 full year revenue breakdown is likely to show more volume moved but at lower prices as 2H23 oil prices will be lower on average compared to 1H23. I nevertheless expect a revenue beat compared to FY2022. Also expect costs to remain in similar range hence FY2023 profit margins will be same or slightly lower compared to FY2022. There will still be a comfortable buffer for dividend, although total for FY2023 could come in at total less than FY2022.  Now what is exciting is that underlying oil prices have seemed to bottom from US$70+ and moving upwards. If it continues towards US$90-100 range, FY2024 will be a fantastic year. 

Look out for precious metals and base metals produces and ETF's is the price of gold continues all-time high records. $VanEck Gold Miners ETF(GDX)$ $VanEck Junior Gold Miners ETF(GDXJ)$ for unleveraged ETF; while $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$ $Direxion Daily Junior Gold Miners Index Bull 2X Shares(JNUG)$ $MicroSectors Gold Miners 3x Leveraged ETN(GDXU)$ for leveraged plays. Keep watch for a pullback from ATH of $SPDR Gold Shares(GLD)$ before starting a position. This run could last awhile !

$CNOOC(00883)$ yesterday reached all time high after bouncing off 50DMA, and with that tailwind of rising oil prices, it is poised to easily breach the $21 psychological resistance. This move is also definitely supported by brokers upgrade and recommendations for SOE reform beneficiaries. No doubt others on the list will also benefit but I'm holding on to $CNOOC(00883)$ for dividend next month. 

The rally has started! Till the year end and maybe beyond when you will see elevated enthusiasm with Fed support, market support, institutions piling in and finally retail coming into the fray! 

$CNOOC(00883)$ back on a tear with oil prices turning positive again. Setting new all time highs should just be the start of a bull run! 

Gold has hit ATH over last few months and will look to target 2900 with several interesting drivers:  1. BRICS meeting end of Oct that will discuss new monetary unit, comprising up to 40% gold. 2. FED rate cut of at least 25bps , cementing the easing cycle continuing - all good for commodities, especially precious metals.  3. US elections uncertainty and support for economy boosted by liquidity injections.  I am Long ETF miners and GLD/SLV in anticipation of the strong moves over the next couple of weeks. 

$MICROSECTORS GOLD 3X LEVERAGED ETN(SHNY)$  Time to start getting a bit anxious and look for the top after such an awesome run up 

$SD GOLD(01787)$ Watch out for the rising gold price and profitability of gold miners. Although the cost base may rise because of energy price inflation, the price of gold is expected to outpace the cost pressures. 

We have just seen Gold prices rise to all time highs, and continue to make ATH over the past few days. Very exciting to see gold breakout above US$2150 and hoping that this can be well sustained by the significant increase in demand from central banks since 2022. Presumably the key underpinning to the demand is that the position of gold in foreign exchange reserves has always been relatively small but perhaps more importantly it is a perceived need to have greater diversification away from USD in for exchange reserves. In any case when central bankers buy they are probably the least price sensitive kind of customer. Whilst Geo political tensions is a driver but realistically there is nothing new in this aspect. In the days and months ahead I expect the price of gold to continue climbi

$USO 20240719 70.0 CALL$ 

The medium and long-term prospects are fantastic, because of de-dollsrisation, which has accelerated as a result of last week’s turmoil. Make no mistake. The world is not going back to what we are used to. You will see sovereign nations start and continue purchasing large quantities of gold and increasingly silver in their treasuries.

Expecting $Silver - main 2603(SImain)$  $iShares Silver Trust(SLV)$  $Sprott Physical Silver Trust(PSLV)$ to make new highs next weeks from short trading week + Santa Claus exuberance. Sooner or later the silver mining stocks will also jump 

$CNOOC(00883)$ Short, very encouraging momentum after ex dividend to raise to all-time high supported by central government. It has come off the high now and need to test at 21.7 which coincides with 38% Fib retracement from top. Strong tail winds from rising$WTI Crude Oil - main 2408(CLmain)$  prices to support up trend. 

$CNOOC(00883)$ has closed at all time high of HKD16.8 today with pretty strong volume of 133mil shares traded. Not bad considering that it started the year 2024 at HKD 13.  I believe this rally has legs, with the key being healthy liquidity flowing into the commondity sector , and energy in particular. The weekly chart of WTI crude suggest a slow grind up for oil price, and oil price is the primary driver for $CNOOC's revenue and profits. I have previously optioned that oil prices are heading upwards, and I willl not be surprised if it reaches US$95 per barrel in the year.  Secondly, although not as critical, we are also seeing a potential market recovery for $HSI from recent lows. The market has for months unend being making lower lows

$CNOOC(00883)$ Just announced final dividend per share at HKD0.75. Should support a rush towardHKD12. 

Run up to election will be plenty of liquidity 

$CNOOC(00883)$ What will oil at US$147 (historical high) mean for $CNOOC? Correspondingly, whatwill oil at US$ 0 mean?

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