Choppy at the moment we are only recognised as a small e&p producing 1500 bpd, until we get the nod that we have increased that to 5000 and then the 7200 as forecast by the year end. We will still be a small e&p but at least the Oba will be seen to be providing better turnover and also the amount of shares in issue has gone up considerably from the past sp rises.
Large trading volumes no Upper SP - Tim Curry & Robin Williams Fern Gully Brilliant - Rain Forest - As true as I'm riding this Camel - what the FxxK is going in- We have no $1bn debt OK the odd contingent liability to the where the Fxxk are we tribe - hands up repair and bond - simple as Hadrians' Wall. GN HNY GLA
All Oil stocks going VE day as if 1945 & we are down. Our margins will be bigger than the mafia in 2 weeks $60 PoO, don't understand it Volume high today - unless there's British Virgin non sense afoot. We should be mid 30's - the point with Oil is not the current PoO but the stability on offer and a chance for this sector to out perform medium term - so strategically an Overweight rating . WTFDIK HNY GLA I know we wait on Non OPEC Russia but after this reaction they would be as mad and shallow as Nigel Farage to FxxK this up surely???
Watched over the weeks well before today, US Shale has learned a great deal from when debt was freely available. Many Shale CEO's said yes increase but take a 5 year view - all these Bloomberg desk jockeys wiping out todays HISTORIC AGREEMENT with Shale output increases in 3 weeks FFS -2Mper day cut - to be nullified by US Shale. US Shale is smaller than Iran - Why would they do that , moderation Shale can get $55 throughout 2017 without going Urko. Bloomberg Propaganda - Article brilliant Swoop & Scoop Shale new rig 1500bpd forgot to state it cost $3m & only negated natural DECLINE rates FFS US news is a rigged stack - so at $3m a rig US needs 1000 rigs - who the Fxxx is going to fund that increase exposure at $50 sweet pea. US Shale will recover IMO but intelligently allowing PoO to blossom. HNY. What we have here is hidden communication - Shale & Conventional Oil through the banking system restriction of debt. GN GL.
OPEC is near an agreement to cut production for the first time in eight years, sending oil prices surging on optimism a deal with start to drain record global inventories.
Under the terms being discussed by ministers in Vienna, the group would cut production by 1.4 million barrels a day, equivalent to about 1.5 percent of global production, according to a delegate. In addition, oil producers outside OPEC, including Russia, would contribute cuts of about 600,000 barrels a day, they said.
Great opportunity yesterday to top up, buy in, providing the deal is done!
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