Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A good call to load up again after a good chat with my contacts. It's brewing and substantial news ahead.
GLA DYOR
Very good news and they are stepping up the drill programme. They must have got a very good indication from the latest drilling since they consider parallel drilling and more deep drilling.
I have been with ORCP for a long time and I have always been pro-ORCP. I'm starting to lose my patience with the BOD and their ability to actually pull this project through. I had the opportunity to get out a month ago when they peaked at 1.10 with a profit. But I decided to stay in and await their progress. The Sheik gave me the first hint when he increased his investment and with the latest larger buy's I'm quite confident this will rise like the Phoenix. Quite nice to pick a few million shares at a discount during the last couple of days.
GLA
And they got Erin Brockovich ( a distinguished environmental lawyer ) on their side. Numerous fracking operations has caused huge damage to freshwater operations, causing the deaths of thousands of lives and it also made a movie on this cast by Julia Roberts. So I would say that the shale is living on its last breath from a Greta point of view. But yet again, when did the US Corporate give a damn... Greed will always win, until the general public fight back and they are doing it now - in masses - both in Black Live Matters and Save our Planet moves. Interesting year ahead.
Welcome onboard CostaMooney, you might find this bb a bit odd. We don't ramp/deramp here. We have a good relationship with the BOD and the CEO and you will expect good news from the team on a regular basis. As you said, the business model is sound and we're all looking forward to a great reward when all pieces come together.
All the best mates
And China (worlds largest oil-importer) is buying the cheapest oil ever and laughing all the way to the bank, while the producers are going bust and Donnie keeps hammering with threats here and there and they just keep buying all they can... a fascinating world
When looking at the big picture versus the current oil price, we will see a steep decline in rigs the coming months. We are talking about a massive decline, unprecedented from any previous recessions. By the end of this year, we might see a 50% decline while the green energy business pick up +50%
WTI will take the majority of this hit, while Brent will recover more rapidly when the business is coming back.
If ENQ is doing this right and just keep the business going, they will be among the first to recover .
My buddies in Oz are counting down the days to the end of the wet season and commence work in the fields again
What if the world just refused to buy? What if the people revolted and said - no more ****ing oil & gas? After several weeks of lockdown, no flights, the climate is changing dramatically and people will just give the oil & gas the finger. The longer this corvid lockdown, the smarter people will get, and I promise you that the big oilers will be hit massively. Goodbye to the golden taps in the Saudi bathrooms
Very interesting times indeed and watching the big guns cutting down, while ENQ will probably put a hold/decommission a few of their assets. Kraken is still a massive field and I would be very surprised if they stop the latest exploration there. I did a massive top up both in my UK SIPP and my Swedish pension today based on my researches. Ok, we can see a further dip based on current market conditions, but ENQ has so much more going for them. Brent will recover once the CV has been dealt with and the market will force the OPEC+ to the table for some serious cuts. We have a strong EV revolution going on and if the poo marketers doesn't shape up they will have to replace their golden bathtubs to normal plastic ones. Could you image the Saudi princes taking a poo in a plastic toilet? Don't think so
Forgive me for being a new investor in oil and ENQ specifically, but I have a question to you seasoned investors. Since the US shale market has taken a very intrusive cut of the market (not saying right or wrong), but when MSB and Russia saw this opportunity to actually use the Corvid-19 excuse to hammer the market and destroy the shale industry for good. I see no reason why not. The American public hates it since the fracking is destroying their drinking water and polluting their land. By flooding the market with cheap oil, they will disrupt the shale market by at least 50% within the next 6 months.
But then we have the other side of the coin.
What if the market doesn't want to buy the cheap oil from the Saudis/Russia?
The market decides, and if you don't want to buy a Toyota, Skoda etc you can always buy another brand. If the global market decides to buy more from UK, Norway etc and minimize their procurement from Saudi/Russia their price war will be their loss. I know they are the main producers, but with a smaller market during the corona outbreak, the market has the power to decide and they can really punish the dictators trying to rule the world. Tell me if I'm wrong, but we live in very uncertain times.
But I kind of like Putin's war on the shale industry and even if they hedged to end of March we should see a significant drop in rigs after that. Let's see what Donald Duck can do in the coming weeks to lessen the blow for their "glory" business
Don't you worry Krakenoil, Neil was blocked ages ago. There are so many of you other guys giving valuable input and calculations, shipments etc and I like you guys a lot. When you input good value to a BB I find it very useful, I just block the rest. The good guys that doesn't ramp or de-ramp, but frankly provide very useful information are in my good books and you know who you are, so thank you very much for being such a good investor.
Based on all the figures and numbers, all I see is a massive buy opportunity. If I can get shares below 17p I will invest all of my dividends from other stock into ENQ. AB and his team have done a great job making this stock a very high-quality one and it will play a major part in my SIPP. With the plays of Russia and MBS, I can see some turbulence in ENQ the coming months but the numbers are in our favour.
Sitting with + 4 mil shares in ORCP, 2.1Mil shares in ROCK and 300k shares in ENQ in my SIPP, along with some high dividend stocks. I've been investing for a long time and I also have a portfolio in Sweden from my years living there. I'm an investor, not a trader and from all the research I have done, the above-mentioned stocks have a huge potential with very low risk.
Let me tell you why. ORCP has by default the lowest risk/reward points of them all due to the latest signed agreements and the backing of Pakistan government, China Coal and the Sheik. I can easily see a +25-50p within 18-24 months.
For ROCK it's a laugh to see the MCAP of 6M when the last RNS basically confirmed a 1m plus ounce resource with comparable geology/ grades to neighbouring project. ENQ actually speaks for itself. The huge payoff of debts, massive FCF
and the new drill projects next to already proven wells, and a CEO that has invested massively in the stock...I rest my case
DYOR/GLA