George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
OPEC meeting tomorrow, anyone holding over weekend? Haven’t seen the usual Friday 3pm sell off...
This is the first thing you have ever said that I agree with......
Sold a tranche yesterday (1/3 of holding at break even), as was sceptical of the OPEC meeting upcoming. Suggestions fo bringing it forward as a quick deal could be reached were scuppered. Makes me nervous.... retrospective share trading has me regretting it, but have split that between BA and EZJ as I felt they were a bit safer for a short term hold. Can’t help but feel the OPEC + lot want to keep prices a little lower to scupper US shale.. will keep holding tho, in a few other oilies too.
Just read back the last couple of days worth of posts. Seems there was plenty of discussion, fundamentals etc. Dr Trice’s vision or company fundamentals will never change, as these are purely to be a large oil player in the North Sea. The route taken To get there over the however many years, will change - it has to the same way an evolution occurs. You have to adapt to climate as well as unforeseen snags.
Also, it’s not just reentry/sidetrack or drill more wells that’s required to fix this - one could modify the topsides to accommodate water production, if it is suspected to drop off after a period of time (has been done many times before - Centrica York satellite, excessive condensate production post completion). Can’t stand too close to the problem, you might not see the solution!
Also, people... or the new small private investors (welcome) do not ever invest your money based on what you read here. Do your own research, read all the RNS’ and understand them. Read the news (time will help you understand which sites report nonsense and those that have some truth) - don’t put all your pension into a share.
I’m quoting someone else here (can’t remember who, sorry) “oilies and mining shares = get rich quick or get poor quick” not for the faint of heart.
Hopefully, this all comes good and we can all make a few bob.
As always, what I post is IMO. GLA
Been a quiet bystander here for a while, but reading this today... just wow.. so much nonsense..
Does anyone actually post any fact, corroborated with evidence?? SiPP a prime example. Gone from board so is automatically inside trading?
This share is an honest mans share, that wants to believe in a good story. Trouble is, the stock market is not a honest place to make money. It’s all pitfalls and sly people.
Flip side, this was way oversold last week - I dipped a toe, as I think this has some legs. Current economical climate will recover as it has to. there is no alternative, and as such oil consumption will increase. It has to, not in a pleading wishful way, it just will. With that in mind, and as long as production continues, this share will recover somewhat.
Reentry aside, field exploitation perhaps - tho not likely in the short term due to planning/equipment/complexity of drilling, it won’t be until next year capex provision. The company path will adjust because of the issue with the well, but it doesn’t mean it’s finished. There is plenty of technology out there to isolate water zones (depending on porosity, micro annuli, x flow etc)
This is cheap. Too cheap - a good chance to average down.
All IMO.
I think any deal that doesn’t end in a dilution is good. Sell Zama, buy old North Sea assets... perhaps. One thing I do know for sure is that old assets are not ideal. You have disposal costs to consider too, and they are likely as not in their final stages of life. Some even have been exploited in new ways over the last few years, as technology improves - just to squeeze more life out of them. Been in this business a while, and keeping old wells going is not easy, and costs steadily increase.... BPs assets are not as amazing as you think, they have a history of how wells are installed, and the equipment / techniques used (google will help with that - if you have been living under a rock). Innovative at the time, means fecked in later life. Buy an old lotus, similar effect. Not that fast, looks good from the outside but will likely as not, end up not running taking up space.
Don’t want them.
All IMO
Should have said ‘good news in the pipeline’ facking crayon stick in nose again.
Have been adjusting g the strategy a little, some lt (less in the last 2 months) and juggle some others see if I can make a fast buck. But this last week I think I’m gonna go a few weeks here and see. There is so white in the pipeline that we will hear about - good news.
Good job SK, I missed the peak and bottled the sell once it dropped below 30. Would have been into Tullow and enquest if I had sold a couple of tranches end of April.
I think we’re on the cusp here, it’s all going to start coming back a week or 2 is what I’m thinking. For the sake of dipping in and out for 4% her and 6% there (not just profits btw!) - I think a double digits rise is coming - I feel it in my bones. Which, as all of us know, is the single most important tool of trading, ha! Now, where’s my crayons...
Has anyone else thought it to be a good idea to stay in? I see Mr Kraut has decided to pass on this one - will experience / gut feeling / luck help?
I’m not going to pass judgement, but I’m staying in for now - not sure if any bounce will be seen of the update is positive. Bigger things a play here. SA are in trouble with divvi’s.. they will have to do something more drastic than the drastic action they took before announcing an additional drastic cut. We need the hairy planes in the big blue to get back to normal. Once the Trump branded ‘Chinese’ virus is reigned in a little..
Mr GT - WTI is just shy of $15 per bbl. not the cfds
What is everyone else seeing for WTI live price?
Kennygt - I’m seeing WTI price of 14.5 dollars/bbl (5% down) and Brent of 23.2 dollars/bbl (3% down)... neither of which are up at the time of writing. Or am I looking at the wrong charts?
All i can see is WTI down 3%
Where you seeing that?
Juts now it has to be a buyers market, but I order to not be in the danger zone - TD has to be careful and create stability. He will be treading a fine line with whatever he does.
Here is some info in the world of oil, if you don’t know what’s happening...
https://apple.news/AGxXMET5LSECPA9LXYPgrlg
F**k me in the ar*s DBNO, I cannot understand how a person can be so full of sh*t and still have the capacity to operate a keyboard..
Mr I P Freely took some too.
I think just now, you can be forgiven for holding over the weekend. Probability of short term gains outweigh on day/weekend losses at this share price.
Also, assuming a £1/share ‘normal price’ with ‘normal’ oil price of 40-45 per bbl Brent, there is no other oily share that I can see offering this value. A 20k investment long for a while can turn pretty within 6-8 months I think.
All stemming from a hold over a weekend...
Was juts about to post this - I can’t foresee this oil price for much longer. Get in now!!
This price is Bananas!!!!