- About that Petro
- Michelle Mone brings a touch of the avant-garde to finance
- Conservative peer stakes her name on a crypto offering, just as the market crashes
- Crypto market put on notice — yet again
- ICO regulator anger translator
- Kodak makes last desperate bid for relevance with cryptocurrency
- Crypto cards just suffered a major setback
- Bank analyst very proud of his cryptocurrency mining rig
- Crypto bust alert [siren]
- What ICO valuations tell us about the state of modern monopolies
- The Hitchhiker’s Guide To Cryptocurrencies
- This is nuts. When’s the crypto crash?
- Do crypto enthusiasts fear credit?
- What is tokenisation really?
- Trouble in ICO paradise
- An update on Harry Redknapp’s favourite cryptocurrency
- Congratulations on your sudden interest in cryptocurrencies, Harry Redknapp
- Crypto-Apple dealer attempts to avoid US regulators — updated
- Lol a FoHFs ICO, srsly
- The FCA’s belated views on the ICOmedy
In reality, exposes commodity-backed crypto coins are just commodity ETFs in disguise.
The price of oil might have perked up over the past year, but there’s not much evidence that it’s feeding through to some of the second and third tier E&P issues that litter the AIM market in London. One of the more depressing things to do is to click on the last annual report from a company like Bowleven and read through the asset review.
You know who doesn’t like a falling oil price? Sovereign wealth funds for countries dependent on high oil prices and in love with their (endangered) petrodollars. And a risk based on that dislike is a presumption of forced selling and equity market weakness becoming self-fulfilling as/ if oil prices slide. Stable oil prices means SWFs don’t have to suddenly liquidate but the opposite would also seem to be true… The last time JPM’s Flows & Liquidity team looked at this risk they based it on a fall in Brent to an average price of $45 per barrel. They now assume an average oil price of $40 for 2016 and also note that the “YTD average has already fallen to $42.”