The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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“No... but from your posts it would only seem like it was ever closing” What Inactis wrote: “I expect the gap will fluctuate but eventually end up pretty level.” Now how about you stop stressing over every post I make and focus on Range which is what I am trying to do, against the odds it seems.
No... but from your posts it would only seem like it was ever closing. Yet your most recent post which seems to crow that its closing is actually wider than your own post i quoted... And you wonder why you get hounded. Completely biased posts that ruin the board. All in my opinion obviously, which given your views I am ENTITLED to post. KRO
"The differential was "just"$3.45 on 12th March. Not sure of the importance or relevance of this point." So it is OK for you to draw attention to the widening price gap but not for me to point out that it is once again closing.
The differential was "just"$3.45 on 12th March. Not sure of the importance or relevance of this point. London Heathrow also had 35mm of rain in April 1948. Not sure how that affects our SP but thought it might interest some holders.... KRO
WTI $66.82 +$1.31 +1.96% Brent Crude Oil $72.06 +$1.02 +1.42% 2018.04.11 end-of-day 1 Year Forecast $76 The differential now just $5.24 a barrel
We are back?
I expect the gap will fluctuate but eventually end up pretty level. The current global instability is creating a lot of volatility.
Rainbowbottom/OMA is actually JR from RUM.
"RRL RE: POO and annual forecast 12 Mar '18- What is particularly interesting is the way in which WTI is closing the gap on Brent crude, the gap now just $3.45" Not trolling just wondering your view now the gap is widening again? KRO
Brent is not directly relevant to RRL but posted to show the global picture on oil not just WTI. The margin between the two used to be 20 USD
Good to see WTI on the rise, not sure of the relevance of Brent as to how it effects Range. Also, were you not commenting the other day how the gap between WTI and Brent was closing, it currently sits around $6. KRO
Brent @ $72.415
WTI above $67 a barrel on live prices @ currently $67.040 a barrel
Some interesting facts thrown up by this comprehensive report on the price of oil from Malcy Oil prices are up over 5% in the last two days for a number of differing reasons. As I noted yesterday there appears to be some degree of conciliation in the tariff wars between the USA and China but don�t hold your breath. Much more important is the jacking up of bad relations between international powers over Syria, importantly bad as no one appears quite what to do about it. It seems that whilst further attacks by the US would be counterproductive there is a feeling over there that something has to be done in the lesson teaching department so expect military reprisals sometime soon. In addition to this, the fact that Iran is on the other side presents the Donald with an easy target, if he wasn�t going to abandon the nuclear deal before, it is now a certainty which brings with it sanctions and potentially reduced Iranian exports. The EIA are first out of the blocks on the monthly front and the STEO which this month also contains the Summer Fuels Outlook is laden with genuinely interesting facts about the industry. In a mainly bullish piece the only real negative is the slight rise in forecast US production for 2019 to 11.44m b/d but to counteract that the 2017 guess is down a touch. Better news is yet another upwards tweak in global oil demand, now up by another 90/- b/d to 1.79m b/d. It also gives me the first chance of the year to mention the US driving season which you know how much I love�This year gasoline prices in the season ( I�m sure you know but from Memorial Day on 28th May to Labor Day on 3rd September) are expected to be up from $2.41 last year to $2.74. For the full year all grades average prices are forecast at $2.76 meaning that for the average American family spend of $190 fuel spend is going to be up 9%. This combination of genuine demand increases and geopolitical tension probably means that those at least who thought that an imminent fall back to lower levels was likely will be proved wrong. Interestingly, and in WTI only, speculators have been taking a bit of money off the table in recent filings, that may be about to change� Finally I can�t finish this by saying something about the valuation of at least the UK oil and gas sector which has in no way kept up with any of the oil price moves in the last few months. With oil companies that I have spoken to recently confirming my views that since the 2014-16 price fall industry costs are down circa 70% or more, margins, revenues and profits for production companies are significantly higher and thus the value of most of these companies has increased substantially.
Range Resources Very good news from RRL this morning as they announce the final resolution of their historic situation in Colombia and they settle claims and disputes between ANH and the consortium of Optima Oil Corp and themselves. ANH confirms that there is no liability for payments or debts, all proposed penalties are lifted and the consortium waives any potential claims against ANH and terminates the three exploration licences. This is now subject to final court approval which is expected to take between 3 and 6 months. As I said, this is excellent news for Range as management successfully deal with another legacy issue from the grim and distant past.
Rainbow, you predicted it would drop below 700 and you were wrong, whether you were close or not you were wrong and given the way Range gets castigated when they are wrong, I think it would be gracious to admit you called it wrong. I fully get your stance and that you do not feel there is a viable business, and you are fully entitled to that opinion and to a degree I actively encourage it as it makes people who read the board to think critically as to whether they should invest or not. I think this quarterly is not going to be the greatest given the information �leaked� in the recent presentation but a lot depends on why the BOPD dropped. Could this have something operationally that they took the hit on for the greater/long term good of the company. I am more confident than ever in the share. I firmly believe that the BOD is moving the company in the correct direction and whilst they appear to still have some things to learn they are, at the moment, our best hope to make this a cash positive company. The communication seems to be a more open style and they must have known that the drop in BOPD would have been met with concern but DID NOT hide this simply within the quarterlies and this air of honesty goes a long way in my opinion. They have a LOT they need to do, WF and development need to go well but with some luck in Indonesia, we could be in a strong position once we take up the increased stake over there. As for cash burn, this has to be a concern, however, given they paid LO early to limit the interest owed, we have to trust that they have done their sums correctly, but even if they have not, we still have access to this should we need it. My 2 lowest purchases are in profit and we are slowly but surely making positive strides towards my average of around 0.39p. I am confident and happy to wait out until the end of the year and review my position (obviously unless something major happens between now and then). KRO
Range Resources Very good news from RRL this morning as they announce the final resolution of their historic situation in Colombia and they settle claims and disputes between ANH and the consortium of Optima Oil Corp and themselves. ANH confirms that there is no liability for payments or debts, all proposed penalties are lifted and the consortium waives any potential claims against ANH and terminates the three exploration licences. This is now subject to final court approval which is expected to take between 3 and 6 months. As I said, this is excellent news for Range as management successfully deal with another legacy issue from the grim and distant past.
SP back up again. Yippee. I know only until the quarterlies show production at 20bopd but yippee today..:-)
"Mention their names and up they pop" exactly you cant help yourself perpetuating posts by these trolls and newbs! Try not to respond, just hold it in.
Mention their names and up they pop
"I see the trolls are getting posts removed so its worth repeating Oma as Rainbow has posted 53 times (and no doubt countless other times in his other aliases) " I don't know why you are complaining, you people love the trolls and derampers, its all you lot ever bang on about, it give you endorphin rush or something, i don't know what, but it must do something for you or you'd just ignore these posts or put people on ignore.
Aquaterra Energy installs first CSP platform for Trinidad and Tobago Tuesday, Apr 10, 2018 Sea Swift project completed in just ten months for DeNovo Energy Aquaterra Energy has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago. This is the first platform of its kind to be installed in the country, and was completed in just ten months. Located in the Iguana field, the Sea Swift was installed from a jack-up rig in 27 metres water depth, accommodating up to four wells and includes local power generation, manifolds and a control system. To meet the tight delivery timetable, the design phase of the project overlapped with the fabrication of the Sea Swift. It was built by Chet Morrison Contractors who also designed and installed the Iguana pipeline to shore. Drilling of the first of a three-well development campaign has commenced, using the Well Services Rig 110.
NO � the debt to Landocean is different to the debt/liabilities that are/were potentially due in Columbia. We still owe the monies to LO and they start becoming due towards the end of next year. It is a positive but certainly not the gamechanger that it could seem, particularly given the way the BOD played down the risk to having to pay out on this. One definite upside will be if we want to use the rig in South America that Columbia will no longer be a country we would have to avoid for risk of a fall out. Just need to find out the reason for the drop in production in Trinidad. KRO
No debt to pay great news 6p. By Christmas drip feed the news than 1550 bopd just need the quartiles.
Dear rainbow, which new posters? please clarify as I'm feeling a bit paranoid.