focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Good find stepper.
RNS quotes :-
"In addition, each of the Company's non-executive directors have committed that 20 per cent of their fees, after tax and national insurance, will be used to purchase shares in the Company."
The Chairman bought £12,000 worth … does that mean he gets £60,000 per month ? …. wow !
"And given how low oil prices are currently, producing fewer barrels from Lancaster might have some benefits, as the company would have more to sell at a later date, hopefully at higher prices, Mr Kelty argued."
What a ridiculous statement … as if saving a couple of million barrels now (out of about 500 million) is going to make much difference in the long run.
It would appear to me that our votes won't account to much anyway.
According to the link that someone posted earlier, only the broker gets to vote.
https://www.msn.com/en-gb/money/other/small-shareholders-set-for-power-boost-as-shake-up-may-give-investors-a-bigger-say-over-fat-cat-pay-and-takeover-battles/ar-BB10SWHJ?ocid=spartandhpsoon
"A key law change under consideration could force companies listed on the stock market to register every single shareholder as an individual.
Currently, most people who hold shares through stockbrokers do not hold the legal title to the shares they own.
These are held by a stockbroker instead as the legal owner, in what are called ‘nominee’ accounts."
I imagine that there are other members of this BB who, like me, are on the NHS extremely-vulnerable 'endangered species' list and have therefore been told to lockdown for 3 months.
But this could cause a problem for those with cars that use petrol.
That's because petrol can start to go bad in about 3 months if, like most lower grades of unleaded, it contains 5% ethanol ....super unleaded doesn't.
In the US, where most gasolines contain 10% ethanol, it can start to go off in 6 weeks.
The ethanol starts to go 'sticky' and can cause problems in fuel system.
Just a thought.
adoubleuk
I agree what you say about filtering but if you have more than one person on filter, it would be a big improvement if the green line that says :-
"This message has been filtered, please adjust your filters to view"
instead stated :-
"Mr. X has been filtered, please adjust your filters to view"
KB1962
I was just repeating what I read … the reporter was obviously wrong and what you wrote makes a lot more sense,
Berenberg seem to think PMO will do OK.
"Premier Oil: Berenberg downgrades to hold with a target price of 130p."
Pedrob999
One quote is future
https://www.telegraph.co.uk/markets-hub/commodity/C1/BrentNextMonth
The other is Spot price
https://www.telegraph.co.uk/markets-hub/commodity/C7/BrentSpot
MaryMullins
Sorry … you seem to be right.
But I was going from the following chart on investing.com which specifically states rollover has already occurred.
https://www.investing.com/commodities/crude-oil
MaryMullins
The WTI futures contract has already rolled over to the June contract late Sunday night.
LONGWAIT
That link doesn't seem to work.
But I'm not surprised that Oil Co.s are tempted to take up Trump's offer as WTI spot is only $11 at the moment.
https://www.telegraph.co.uk/markets-hub/commodity/C8/WTISpot
NOTAFUNNYBONE
Since the PoO below $28 in 2016, the highest Oil has ever been is $85 in Oct 2018.
The RNS states :-
"These production rates have been achieved without the use of electrical submersible pumps (ESPs) and with the wells choked back to less than 50%, confirming the extraordinary productivity of these wells and the reservoir."
If the wells were only chocked back to 75% flow (sometime in the future) does that mean they could produce 30k bopd and therefore not need to drill and tie back another well ?
JiffyBag
You wrote "can see the Oil price staying in the $30's until at least late June"
I think we'll be lucky to see PoO staying in the £30's until at least late Thursday.
maqsood7
I don't think PoO is going to be $34 for very long.
Unfortunately, I think it's going to drop like a stone when people realise that Trump's 10 million bpd drop is wishful thinking.
Very well written article explaining current Oil situation.
https://www.investing.com/news/commodities-news/commodities-week-ahead-trump--the-oil-market--part-1-2131546
adoubleuk
Thanks for explanation.
But what about ?
"For some oil fields, shutting down could cause permanent damage to reservoirs. "