Member Info for BigBear2

By mms.

Brent crude could hit $60 a barrel by next summer as travel restrictions get eased, Bank of America said, citing growing optimism around Covid-19 vaccines.

The easing of restrictions will lead to a boost in oil demand, the bank said, as quoted by Bloomberg, and this will boost prices as it creates a deficit of 1.6 million bpd by mid-2021.

Agree we should easily see 7-8 p on any sniff of news. Not long to wait till first covid vaccine approvals which should push POO into the 50s

Brent is almost @ 48 now
All sells were hoovered up by mms who were massively restocking the bid which would imply huge demand....

I’ve been wAtching the order book and mms massively restocking the bid all day, plenty of legs in this yet

But we are still miles off fair value
A decent RNS and this re rates properly

Same it’s either leak or shorts closing out (nuts to short with 50 dollar Brent coming v soon)

48 dollar Brent ching ching

Forward drilling plan
Lincoln tie back
Sandstone volumetrics
Take over

10p min fair value IMHO

5 v 1

4p resistance gone on to 5p+

Leak of a bid?

14k bopd, which is exceptional for any well let alone North Sea. If the OGA can stop being unreasonable and allow Lincoln tie back things here will change very quickly.
4p is nuts. Brent will breach 50 within the month and suddenly the penny will drop that HUR are pumping huge amounts of oil from a single well

A low ball offer would still be multiples of this joke sp...
Cannot imagine anything less than 10p being entertained

Let it go ffs

Up again 46.5.....
All more cash coming in for HUR

We need an upbeat RNS that draws a line under the bad news and looks forward

Brent looking strong above 45, mid dec for first vaccinations and if our BOD finally give us a positive update on finance, drill programme and internal estimates volumes for sandstone . Could be the perfect storm....

Now above 45 as soon as vaccine approved should breeze past 50