Member Info for asteris

A long time ago

https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/8239685/North-Sea-oil-shines-while-Falklands-fails-again.html

Good to see the operations going well. Good for cashflow and hopefully some debt reduction

It seems to have come from Rotterdam not Solan

But it's too late, Oil price takes time to feed into the pump price. I think it'll rise again once the sanctions kick in at least until we understand the full supply and demand picture. The Saudis will constrain supply if it gets out of balance, they're already $140m a day worse off than a month ago.

I was putting it down to 3 things, firstly the budget didn't do anything nasty and secondly a brexit deal looks more likely and was looking very oversold to me, they still make a lot of money, if their pe was 20 I'd understand but at around 5 it's ridiculous and somebody would have to wander in for a take over

But the price of oil dropped last night, so I'd expect it to be down, most oil stock are

I don't think 70kbopd is the target, it needs some mods for that

Does anyone know why they're worth so much more than CRST, they have lower profits, lower margins and a lower dividend, do they have a bigger/better land bank?

I wasn't expecting the pull back to be this great, sold one of my funds to buy another pile as fundamentally I think PMO is in excellent shape especially compared to a couple of years ago. Oil won't be allowed to drop too much, SA and Russia still need the money.

How can it lose almost 8% on less than 0.3% volume

If it drops much more, there will be a take over. Trading below nav now

He's a complete Muppet. If sa stop fuel exports to the USA then there will be queues for gas same as in the 70's.

PMO can't actually say anything to us until the 15th November unless there's an actionable event (profits warning, spud) so nothing is good.

I don't see shorting as a benefit in any way (expect for the companies/individuals doing it), they say it adds liquidity, which I think is just Bull

Not that good, I had to sell some before the rights to pay for the rights as they're in a maxed out ISA

Thanks

HL not touched mine yet, they said I'd have to have the cash in the accounts by Wednesday though.

Very low volumes, less than £1m traded, does anybody know the average volume for CRST?

It would have been a priceless moment if they'd just said "fake news" and nothing else to trump

It is almost laughable that we're down to 132 and oil is back over $84. We didn't follow the rise but followed the fall.