Many AIM listed PLCs publish their interim's very late in Sept as it's only 3 months after the reporting period. FRR frustrate me more with the full year results coming out nearly 6 months after the period whereas many others will get them out within 3 to 4 months.
Given the number of man hours worked, the fact that SN has said we expect to hit 1,000 net bopd and at least 7mcfpd by year and operational plans have been paid out end I'm sure we'll be pleasantly surprised and I expect SN to finally deliver. Hopefully I'm not proved wrong.
This is what is happening at the moment and could be good news for oil prices in about 6 months. The Saudi's will have just about finished off the shale oil competitors. Sorry no link to this info.
Energy: Oil prices remain highly prone to fluctuation. Following their massive losses on Friday, they have risen by around 1.5% again today despite weaker equity markets. In the absence of any clear trend, the oil market is likely to remain under the influence of external factors such as the equity and foreign exchange markets, and to remain volatile. Nonetheless, we are confident that the incipient decline of production in the US in particular will herald in a long-term and fundamental bottoming out process on the oil market. On Friday, Baker Hughes reported a further decrease in the oil rig count in the US. Now “only” 644 oil rigs are still active in the US, which is 57% less than at the end of December. The low oil prices are taking their toll, the main shale oil producing regions in particular likely to suffer lasting damage. Only 67 oil rigs are currently in operation in North Dakota – the last time the figure was this low was at the end of 2009. Just a year ago, there were 189 active oil rigs there. The decline is even more dramatic in Texas, the state which in June still accounted for over 37% of total US oil production: only 365 of the more than 900 oil rigs which were in operation there a year ago are still active. We actually believe that the decrease in US oil production will pick up pace in the near future: for one thing, hedging deals agreed at higher oil prices are expiring, while for another the low chances of the environment improving in anything like the near future are likely to prompt creditors to pull the ripcord. At the latest when Samson Resources filed for bankruptcy last week it must have become clear to anyone that it is not only the smaller producers who are being hit hard by the crisis.
Your invested and so am I, you have your view and I have mine, too often I read Bb boards where pi's are digging each other out over their own opinions and I don't like to see it and I'm sure others don't either so let's agree to disagree , but I'm still optimistic of a blue day good luck
sorry, I dont agree with your opinion, and I am invested here and have been for a considerable length of time. However, trying to be optimistic here is difficult. I 'm being proved right as I post though as share price on the way down not 6% up. I ll be as pleased as anyone when the share price moves in the right direction. The share price usually moves higher in anticipation of good news and its not even doing that.
I ll be postive just for you. lets hope we arent 2% down be end of the day.
I have my doubts about political corruption as we're dealing with the Yanks Ruskies and Euro and whilst i'm sure SN is playing the politics to the max i'm sure he won't be want to flush a life times work down the loo.
I for one am just hoping for sensible measured news flow.
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