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If you are going to quote me please get it right, I did not say Indonesia would not be profitable or give a timeframe only that the focus is currently on Trinidad with Indonesia being a longer term project. I see you still do the trick of quoting the same phrase over and over again, just as other posters did. Strange that.
I think your point about the producing fields applies to the shallow wells but our recent result in the deeper Gros Morne sands indicates that we should continue to target the deeper plays, including the long awaited Herreras.
The 1 year forecast for WTI is now $78 a barrel which would bring it close to the $80 a barrel the saudis are suggesting. Currently the price is $68.34 and still inching towards that $70 a barrel mark. Lets not forget that less than a year ago we were sitting @ around $42 a barrel
Strange how readers who never post on here can't resist getting involved, ah well back to what matters, Range.
"reader but not a poster on this board normally..." so what inspired you to start posting, just curious?
Quite a day for WTI $68.78 +$2.26 +3.40% $70 a barrel is getting pretty close [IMG]http://i66.tinypic.com/fzb08z.jpg[/IMG]
18-Apr-18 16:03:51 0.2012 4,761 Sell �9.58 - Just saying :)
Wasn't engaging just curious how someone who has been here since January knows me from 2015
Member Since: Wed, 10th Jan 2018 and yet you comment on my posts back to 2015, doesn't stack up.
The week ended with a bang, especially if you were near any chemical factories near Damascus and ironically the thought that Saturday night’s bombings were, at least for the time being, the end of the matter has taken the sting out of the oil price rally this morning. Last week’s gains were +$5.33 for WTI and +$5.47 for Brent as all the fundamentals aligned with the geopolitics on Friday. Firstly, the IEA completed the trio of monthly reports by suggesting that oil stocks were at their lowest since April 2015 and therefore in line with Opec targets. With demand for Opec crude now expected to be around 32.5m b/d for the rest of the year, the technical picture is beginning to look quite tight and it is worth reminding those who say that US shale will fill the gap that it is not possible if Opec stick to their production targets. Add to that reports that Chinese imports of crude oil in March were at 9.2m b/d the second highest on record and the situation starts to become self fulfilling. With all three forecasting agencies (and others) all reporting that Opec and Non-Opec production is lower than for some time for various reasons I suspect that the downside for the oil price is pretty limited for the time being.
I don't think you can say there are no shorters as it would take significantly more shares to be shorted than have been to traded in total to even register on short tracker
Actually I don't, they insist on commenting on my posts, that is not a conversation. Check yesterday, I wasn't posting but still the disruption continued. Thanks for the advice though :)
By constantly responding to these dubious posters you are perpetuating the problem and giving them what they want, the total disruption of any meaningful discussion about Range and its future. As Rexco said, hit the filter button.
WTI $67.07 +0.25 +0.37% Brent Crude Oil $72.02 -0.04 -0.06% 2018.04.12 end-of-day
The cynic in me says that the current troubles are all about boosting the value of American oil which ironically is WTI. Any major disruption or sanctions imposed against Syria, Iran or even Russia will have a dramatic effect and for the record I would sooner sanity prevailed even at the cost of keeping a lid on WTI.
I have no idea why the production is down for the quarter but if I was to hazard a guess the I would say it might have something to do with the installation of the new water pump but it could be down to any number of factors such as rigs down for maintenance that we are as yet unaware of. If my posts "impact on your reading" just use the filter button, that is what it is there for but I fully intend to post my views on this company both positive and negative.
“No... but from your posts it would only seem like it was ever closing” What Inactis wrote: “I expect the gap will fluctuate but eventually end up pretty level.” Now how about you stop stressing over every post I make and focus on Range which is what I am trying to do, against the odds it seems.
"The differential was "just"$3.45 on 12th March. Not sure of the importance or relevance of this point." So it is OK for you to draw attention to the widening price gap but not for me to point out that it is once again closing.
WTI $66.82 +$1.31 +1.96% Brent Crude Oil $72.06 +$1.02 +1.42% 2018.04.11 end-of-day 1 Year Forecast $76 The differential now just $5.24 a barrel
I expect the gap will fluctuate but eventually end up pretty level. The current global instability is creating a lot of volatility.