Member Info for asteris

Trump is an illiterate ****wit. His father must be turning in his grave to see what that expensive education bought. I doubt Saudi will increase by 2 million bopd. If they did the world sits on no excess capacity and open is dead

They're worried that they don't have the spare capacity to keep up with the shortages that are coming. In order to control the market there must be spare capacity

https://www.cnbc.com/2018/06/28/iran-sanctions-could-soon-push-oil-prices-above-90-a-barrel-boaml-sa.html

Bank of America is claiming that oil could be about $90 soon and Saudi is worried

That'll be nice. Selling arms so they can use them against us!

That would make sense, it's cheap and with the development carry being worth more than the company, it must be an option for somebody with money

I missed my opportunity to top up, was thinking of it on Thursday but held off. Still I'm enjoying the rise in my oil shares, just need gold to follow suit now

It's a better position to wait until after drilling results are in before farming out (unless it's a dud). Companies will pay a lot more know there's commercial oil.

I'm actually out of the red for the first time in many years on the rock. Happy days.
I'm not sure about sea lion though, I'd expect sanction to cause PMO to drop a bit (just because that seems to be how the market works!)

He's such an idiot. If you want the price of oil down, manage the comms better. Still all the better for us

It's interesting that they announced after 3pm yesterday that they were considering it and by the next morning had changed their minds. Their shareholders must love the board. Why annoy ce in the first place. They could have just said we had a chat over a coffee and crossiant, then decided against

Probably spooked by their share price dropping 6% yesterday

I'd be surprised if Eutelsat could afford it looking at them but there's nothing wrong with a bidding war look at SKY.

He does seem to be conflicted, very negative and wanting it to drop but whilst saying he needs 140 to get his money back

http://www.proactiveinvestors.co.uk/companies/news/199517/inmarsat-shares-launched-higher-after-french-satellites-company-eutelsat-says-considering-takeover-move-199517.html

I was lucky enough to be a new investor, bought at the end of May thinking it was a value proposition, so I've been lucky this time.

I agree, they won't sell catcher, it's their cash cow. It will pay off a large part of the debt and then fund the other projects. I see Sierra are looking to farm out a plot near same, no idea if pmo are interested but it's good to see activity there, gives an indication of what pmo could do later. They need to look at solan and work out why it's a basket case. It must be possible to recover it somehow.

What everybody needs is a stable oil price. It's difficult to sanction a project if you expect the price to vary by so much. Sea lion is viable but if it drops it's not. I hope to see the $70-$80 range become the norm. I don't want to see $100, it'll cause a supply glut and the $40. This is an industry where you can't rely on the "free" market it just causes a boom bust cycle

Thanks everyone. Much appreciated.

My long term belief is £2 in 18 months time. I sold 20% back during the collapse from £1.30 and bought some back at 99p. I still have some left in cash waiting for the right moment but if we knew when that was we'd be millionaires