Member Info for asteris

He's like a monty python version of the four horsemen (except there's one of him)

I think it's still a buyer's market for scraps like these, Marathon don't want the management overhead for such a small portfolio and it's only the minor player that will be bothered to look at them

That's the price Reuters are quoting https://www.reuters.com/article/us-marathonoil-m-a-exclusive/exclusive-marathon-oil-looks-to-exit-north-sea-joining-other-u-s-rivals-idUSKCN1MD0WL

Yet oil is up 2% on the build. I take individual build/draw figures with a pinch of salt. All you need is a couple of tankers delayed or unload to swing the figure for a week. They need to be taken as more of average of several weeks/ months

I agree, although I reckon MOL would be pricey

Does anybody think pmo are in for this? 15k booed for $200? I personally don't think they will but who knows. I remember when $200 was a reverse takeover with eon assets. Scary days

I had to sell a few in the ISA as I can't add any more cash, I did it pre-rights though, not sure if it was the best move but at least I knew I could afford the rights that way

Oil up, other oilers generally up, ENQ down a bit but you'd expect that post rights. I don't get the PMO movement though, it's a baffling share sometimes

I prefer to be caution. Don't want to be accused of ramping ;-)

Sorry $.

With the hedging, earlier this year I calculated each $1 was worth an additional €10m in fcf based on the oil/gas split. Although back then I calculated gas at 42p not 78p!

Is it me or is london played by the US market, We lose ground, market closes and then fireworks, it's not the first time.

I never act on a bbbm post, it would be ridiculous and those people shouldn't be investing. Its good to get info (catcher offloaded, people's sentiment) but that's all

At £2 I'll have to sell some, my heart won't take it

Brace yourself butcher, you may be right!

If trump really wanted to lower the oil price in the US, just re-instate the export ban, WTI would drop and Gas prices would follow. They'd still need to import some but 11M barrels is a lot on their doorstep. Refiners would need to do some work to reconfigure their plants but in the great scheme of things it'd be America First :-)

https://www.offshoreenergytoday.com/talos-zama-appraisal-drilling-imminent-rig-to-arrive-in-november-mexico/

They always drop ex-rights, it happened with Tullow, usually they will drop by the amount of the dilution, it's not exactly logical as the company has the extra cash to match the dilution but whenever is the market logical

Might have a nose bleed at this height

I don't see any major capex demand until 2020/21 by which time we should be in a really good situation Re debt.