OPEC really have managed to reduce the competition !! Not just in the US ...
Oil rigs down another 31 to 703.. From a high of 1609 last October..
Down another 22, although I don't know how many of them are oil
Clinch - from memory the SP never went below 8p last year whilst SJ was CEO and we had monthly updates. In fact, I recall the SP used to rise just before monthly updates were due on anticipation. I agree this looks like the bottom, but if there is bad news on RF or production etc, then the SP will fall from this low IMO. Anyway I hope like al holders that we get good news and a decent uplift in SP next week. Good luck.
Disagree. What we've seen in the past is a spike on good news and a drop on bad news. The SP has always found the level of about 5-6p. When we've had good news the SP has not held onto the gains. Difficult to see the SP going below where it is today except where there is significant bad news. We know where we are at because: 1) the funding we have 2) good locations to find oil 3) joint venture 4) a company is increasing its holding here as per RNS
Well Richman, if they published a schedule we would know the answer.
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