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Re post 1923hrs ........funny!
How correct you are. I wish peeps look at the spread. Its super important on a penny share.
On a side note $85 is the magic number.
Hes said numerous times no need for any placings now, followed by huge confetti placings the nxt day. If you had been here longer than 5 minutes panda pops you would know this. Its all there in the RNS history
To pay for another crakpot failed venture. Ignore paid pumpers n granny muggers on here trying to flog their cheap placing shares.
Same MO on RRR board
Hey, if I am filtered how do you know what I said?
Anyway, the only reason a cashflow company does a placing is to acquire assets or to develop assets. At current prices NTOG will banking serious dosh on a weekly basis.
xx
Placing on its way
The only way NTOG can survive
UNHELPFUL, just a reminder that whatever you post in response to me , I will not see as you are BLOCKED OR FILTERED ON HERE
WTI $83.
A good day so far Trolls.
xx
Then loan it back to the company with 10% interest on top, lovely jubbly
Looks like you have missed your buy back in opportunity.
It won't be long before Lofgran gets his sticky mitts in the till again and get his old pay rate reinstated:)
https://twitter.com/Blowster85/status/1449994305146392578?t=1lqXpK1bbuxPVzQaXRGdoA&s=19
https://www.wsj.com/articles/crazy-bets-on-200-oil-invade-the-options-market-11634463002
Kerching!
https://www.cnbc.com/2021/10/14/goldman-sees-sustained-high-prices-for-oil-in-the-coming-year.html
After your last rant.
Are you trying to us issue was with PRODUCTION.
Well thought you there in the end.
It is not that simple.
Re H1 AVERAGE was 84 bopd. Do you understand what an AVERAGE is?
We haven't lost 21 bopd: production was off line because of that big freeze and then it had to be put back online. Power was down everywhere, top side equipment was damaged in the freeze. On the fields I have we had to wait two weeks for power to be hooked up again. Then there was two big storms. When they have big storms, they shut in production: not just NTOG, everyone.
We haven't had that in Q3 so the AVERAGE will be higher than H1 and the current run rate higher still. On my fields we have just put two wells back online: it cost $45k to do. Everyone else will be looking to do the same, including NTOG. At $40 oil it is a maybe, should we put them back online? At $80 it is a, we have to do it now thing. NTOG has already stated it is doing a reconnection programme.
At $80 messy wells that need a bit of capex and TLC are worth it.
DYOR
Demand has gone up. Simple.
Saudis will have pressure put on them to increase output soon enough as always. Give em a few months to make up losses over COVID slum.
You keep going on about WTI and supply. Your sounding like a snake oil salesman. It hasn’t made a a ‘four king’ difference to NTOG SP. I keep telling you is PRODUCTION we need. You’ve banging on about WTI and posting prices since start of Year. However even the price increases makes no difference to us. Why?………..simple answer we lost around 21bopd production ( THERES THAT WORD AGAIN) for H1. If we loose 1.25 bopd in production it wipes any daily price increases . Hence why I’ve said production is more important than WTI price. Providing we are on the right side of break even point.
Ruble hits 10-Month High as Crude Oil rallies towards $85
If there is plenty of oil, why is it at $82 and not $40?
There’s no fool like an old fool.
There’s plenty of oil in the world. Stop talking about others. Its little old NTOG we need to know about. PRODUCTION is the key. Not some article trying to create demand/self interest.
Oil companies are valved to the sum of all the parts. Simply putting in Production/wells/assets/profits.
https://ninepoint.com/alt-thinking/audio/the-oil-party-has-just-begun-with-eric-nuttall/?TwitterNPP
Billy, Billy, Billy..
I see I am going to have to make you a special project.
First read the article, you will see it is balanced.
Secondly, there is a thing called read across. The valuation of other oil & gas stocks affects the valuation of NTOG. The read across can be reserves, production, FCF or DCF valuations.
Thirdly, it is saying that all O&G companies are historically undervalued both large and small.
Fourthly, there just not enough fossil fuel to go around at current prices.
Lastly, it looks like there is a market disconnect and supply may be stunted for the foreseeable.
Q3 update shortly.
xx
DYOR
Errr…….
Only problem is we are not a USA oil stock. We are a UK oil stock.
And again WTI hasn’t done a thing for SP.
Now again I’ll give you the narrative to push for the Next couple of weeks and then see what happens to SP.
PRODUCTION PRODUCTION PRODUCTION PRODUCTION & PRODUCTION.
Justbe not that I would want to influence you at all as you know what your doing etc.
Target should be .25 to .28 to be on the safe side.
Be prepared to be locked in. Anyone hold above this it’s pointless selling. At some stage it has to spike to get any credibility for the next placing which is nailed on.
Now would be a good time to pick up a half decent gas asset.
https://www.channelnewsasia.com/business/china-looks-lock-us-lng-energy-crunch-raises-concerns-sources-2246511
Still not seen anything that would warrant selling elsewhere to buy back in here. Imo.
*buy back in