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Member Info for Alocasia

Member Since: Wed, 6th Jul 2011

Number of Share Chat Posts (all time): 5,253
Number of Share Chat Posts (last 30 days): 29

Last Posted: Thu 08:59

Post Distribution over the last 30 days

Thu 08:59

We live in hope! It's all we've got.

A move up in oil price should in theory positively affect the sp of all AIM oilers. Of course we need to get back trading first, but if the price can continue to rise in the meantime, better than going the other way, surely?

Thu 06:33

Oil just hit $56 -- its highest price in 2015.

"Right now, oil is on the verge of breaking above a crucial near term resistance level that could spark a $6 to $10 rally into the mid to high $60s," wrote Timothy Anderson, managing director of MND Partners, in a morning note. "
Wed 13:29

Wizart Animation has sold distribution rights to its CG animated feature The Snow Queen 2 to Entertainment One (eOne) for the U.S. and English- and French-speaking Canada.
Wed 07:04

Crude for June delivery $60 a barrel. Predicted to be $70 by year end.
14 Apr '15

It seems there is a lot of negotiating going on behind the scenes at the moment trying to reduce our costs. We still have about another eight weeks before we must come out of suspension or face de-listing but we need something better than delayed production targets and delayed settlements to report to the market.

Can't have been much drilling activity though if they are still wrangling over terms. You would have thought they could have agreed that during the four months we've been suspended so far.

Of course oil price is going to be the biggest factor. Reports in the press today that the US shale oil boom could end next month due to the price collapse.

"Deutsche Bank forecast in a research note last week that production in May will mark “an important inflection point for the U.S. oil market.”

“The deceleration in U.S. output has been greater than the market is currently pricing in,” Horsnell said in the report. “Global rebalancing is in full swing.”

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