I hope nobody is foolish enough to believe that these posters have your interest at heart. It is clear they want to drive this down for a ridiculously cheap entry point which they will then trade and start the deramping all over again.
There appear to be 2 very large vessels that can only be unloaded in Berth 5 in PPL - assume that is the berth that is having gantries and rails repaired for last couple of weeks and that work will not now be expected to be completed until at least 20th November. (last notice from PLIPDECO)
The two vessels are: 1. Curia (190m x 32m) with our 3 rigs and probably more that is essential for Trinidad's industry. She arrived in Anchorage on 13 Oct. 2. Danos (182m x 31m) with essential goods for Trinidad. She arrived 19 Oct.
Were the vessel owners aware that this work was to take place? How much have various companies lost from this delay - which will be at least 32 days for Danos and 38 days for Curia in anchorage waiting for these gantry repairs? Can cargo vessels and comapnies operating in Trinidad be compensated by PLIPDECO or general insurance held by vessel owners? (Like travel insurance if you holiday in Sharm).
I fully expect the SP to breach 0.30 in the coming sessions. Quite possible this finishes the week sub 0.30, t hose who have 0.25 as a buy in or a just as a target of some sort I would be inclined to revise that figure down. The fall is relentless and it could cut through the 30's in just a couple of sessions, I did say that the decline would accelerate.
Will preface by saying not personally that bothered what it is if it is below 3p. But some are and it messes their charts and hair up if it is recorded wrongly.
.361p looks wrong to me. Only trade at anything like that sort of low level today was a tiny trade at 0940hrs. Most trades (not many at all) have hovered around .39p today. Last on ISDX was .392p and last on here was .3915. No idea if they were buys or sells but I agree with a poster elsewhere this evening - closing price appears to be .39 something.
Some fascinating notices to explain Curia's delay on the PLIPDECO site- Point Lisas Industrail Port Development Corporation.
"September 9th, 2015 Please be advised that Mr. Adrian A., Terminal Operations Supervisor will be on vacation leave from Thursday 10th September, 2015 to Friday 9th October, 2015. In his absence, Mr. Bryan C, Assistant T.O.S. will act as T.O.S. "
I agree the bigger picture is bleak on the back of the worst Q3 for years. Storage cost are rising, production is too high and prices will no doubt decline as we enter 2016 ciontinuing into 2017 then the USA will start a sell off of reserves. I did warn about Shale2 and the implications, it's no win situation.....protectionism set in many moons ago which has a negative impact, the oil cycle will continue to be played out with considerable consequences ......
MCAP still too high considering oil price and low bopd. Feel sorry for everyone who has lost money here, it will not ever get back to the heady heights of 2p never mind 20-odd p. Price of oil is artificially high and not sure why, it really needs to correct down into the low 30s/high 20s to reflect the massive oversupply out there. World growth is slowing down and the easy money policies have failed. The coming crash will be severe and I don't think companies like Range can survive it. The assets will be sold obviously at a cheap price ready for the next upturn in oil prices possibly 5 years in the future.
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