The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Where are the CPR reports? They should be out in the public domain for shareholders and prospective buyers to view rather than the continued downward trend that we are seeing with zero intervention.
Down 6.3 as well
Patience required here !! And more patience, !!
That's my point. I do believ OPEC will 'manage' their end for their benefit, however I think Russia will drag their heels a bit just to make some financial headway. All in all a bit of a 'lag' as I said. On a different note, my opinion is that the FOGL BoD have either acted negligently or at the very least irresponsibly by: a. Not raising funds when sp was above 30p b. Walking in to the Bear Trap set by NBL (and possibly others). All my own opinion of course. Wjmflp
It's starting to look so contrived it's unbelievable, the events during this campaign and the comms which have followed have been nothing short of a train wreck.. Now the BOD are saying what a great deal it is and how lucky we are.. !!! Really... !! They've completely fecked the company due to poor management, no cost control, and failing to raise proper funding for the company when required.. But hey what do they care they've still got a seat at the trough to dunk their snouts in.. If the BOD of RKH has got anything about them they will cut these two clowns at the first opportunity.. !!
Would take about three months to clear it if there's a meaningful production cut of about 1mln bpd across the board, but will Russia cut also is the question. We may know about mid December if Putin agrees to meet OPEC
Surely this is it? This has been getting walked down by penny trading from 10p
Stinks doesn't it. And the POO is irrelevant if we have hardly any reserves booked in the first place. Where is that Zeb CPR and why is it being withheld?
Crudes fine will last for ever but once refined it will deteriorate, mainly due to its additives
I would presume not if it's been sat in the ground that long and not come into contact with that much oxygen - but this is purely a guess.
Does stockpiled oil have a shelf life ? Just wondering if anybody out there knows.
yes but any reduction by OPEC and price increase will not be offset by releasing the stockpiled oil to market - this will be staggered over time to make sure the price of oil does not collapse again and hitting potential profit. The same way in which an institutional investor will sell its shares without decreasing the share price too much in that they end up not making as much...
Andy, I posted my opinion a few days ago and it falls in line with this post. The only thing that worries me is that it is NOT ineptitude but a c*nning plan that was hatched a long time ago and the PI shareholders are the fall guys. As you say, a simple placing to secure FOGL's future was sooo easy to see and therefore NOT easy to miss. Some BoD heh? Wjmflp
Is bullish at the moment (or was recently) meaning that there is more oil being transported around the world and so - perhaps - more stockpiling. Wjmflp
Rhys, That is the whole point. If OPEC do nothing with the price of POO (via a cut in production), then the stockpilers cannot sell back in to the market and we have a 'super' oversupply. POO will crash. This may lead to OPEC producing even more crude to 'kill off' the stockpilers to protect cash flow. This, if it happens will mean extended time misery for AIM Oilies Regards Wjmflp
The directors have well and truly balls'd things up, back in the middle of the summer pre the humpback spud the share price was 30p ish, they could have easily done a placing of say 100m shares at 25p to raise £25m ($37.5M) to ensure the balance sheet stayed healthy.. So the big question is why have these guys let the cash run out so we are backed into a corner with our kecks down... Absolutely shocking to gambol the future of the company on the Humpback drill.. Or was this deal hatched a long time ago as I suspect, there has to be a reason why Falkland Island Holdings sold all of their stock pre drilling campaign..
I disagree - The whole idea of stockpiling whilst it is cheap is to wait until prices return higher and start to sell again at a profit. Yes this may dilute the market again but will be nothing to the scale of what OPEC (SA) are doing at the moment...IMO
I have come to the opinion that oil prices will be depressed for some time to come. This is due to the Baltic Dirty Index which seems to suggest major stockpiling of crude is/has taken place owing to the exceptionally low prices. This stockpiling should lead to a serious 'lag' behind any uplift in crude oil recovery. Are we now looking at another 12 months of AIM misery for oil co's. Regards Wjmflp
Well said..
The fogl shareholders have been very patient and understanding in my opinion.all folk want is to be kept in the loop.ive seen one or two things on aim where outside predators have come in for whatever reason and taken the assets of a company.they usually use the low cash position of a company to do this.the shareholders are then left with nothing.people forget its the shareholders that own a company and if the bod know that they can not take its shareholders for mugs then they will have to act in a more accountable way.fogl has gone from being fully funded to the position it is in now.if the bod came out and was straight down the line then people would respect that more
Not sure what is correct but I must say your post is one of the most believable I have read. Even if wrong it gives an insight as to why and how these things could be made to happen to please BIG OIL. NBL have to pay for their shale debacles somehow in the not too distant future before shale comes back in to fashion. Wjmflp
As FI is a UK Dependency the UK 1948 Companies Act applies. Therefore FI formal merger approval will be automatic shortly after the UK High Court Approval around mid January 2016. Fortunately this should be after PMO releases Isobel information if only for its own shareholders. Meanwhile on 14 December 2015 FKH shareholders vote purely on the issue of 160 mln new shares. RKH should be able to also issue a futher 10% in need without another EGM just in case there's s higher bid or post Isobel renegotiation.
Caller one - i emailed tim today with no response so I phoned him funnily enough he didn't want to speak to lowly shareholder
keep the pressure up on the bod folks.we pay their wages and they are accountable to us.if people start demanding answers these bod's will have to start keeping its shareholders better informed.we should demand to know what is happening with the zeb cpr!!!!!
Aye up another fresh sock bleating for eegbvi's 'esteemed ' opinion, same pattern on IOF with the disastrous eeg tip offs proving even too much for eeky and his sock retinue to brush off once the price plummeted there....