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I don't see anything wrong or Ramping in Drewky's posts or any LTHs on here, occasionally we get the obvious traders who hyper-ramp and deramp equally, depending on their current position (I think you know who I mean). Watch for the obvious response from our resident bashers, now they are a whole different ballgame.
WTI $71.36 +22c, Brent $77.47 +26c Oil price That was the week that was alright, although crude has drifted a bit this morning it will still show a decent gain on the week despite some traders taking a bit of profit off the table. I dont see much changing in the bullish nature of investors, of course Opec and Non-Opec have said that they can supply more oil to make up for any shortages but this is a gift horse not often available and it won�t be looked in the mouth.
It is metered at the well so no question over how much gas is produced and sold
If you look at the real picture the spread has remained unchanged!!
What about those that, under the pretext of being a genuine holder post nothing but a stream of negativity from day one.
OK so this is how it works, two low ball trades on opening: 08:00 - 11/05 Sell 4445 0.20p �8.98 08:00 - 11/05 Sell 8889 0.20p �17.96 This creates the illusion of a 10% drop which triggers two large sells, still within the delayed period so the original volume of the trades was not visible unless you had L2 08:13 - 11/05 Sell 1175000 0.20p �2,373.50 08:09 - 11/05 Sell 505000 0.20p �1,020.10 Regardless of what anyone thinks this is systematic and I will continue yo highlight it to make people aware of just what is going on here. This is partly why we are not rising in line with the POO, for now at least.
Look forward to the next quartiles which should show a significant increase in production by which the oil could well be over $80 a barrel. In the meantime any additional news is a bonus. Hoping to hear that RRDSL have secured some nice contracts soon too.
Interesting, despite the large sell HL showing no change Sell: 0.20p | Buy: 0.25p | no change 0.01palthough for some reason up (+5.56%) on the mid price
I expect someone decided to take a punt on NTOG after todays's news
WTI $71.14 +2.08 +2.92% 2018.05.09 end-of-day 1 Year Forecast $81 / Barrel Based on the target of 1000 BOPD that equates to around $29.5 million gross income without any RRDSL revenue, not far off what 2000 BOPD would have earned us a year ago, food for thought. I know the netbacks are different but it is still a much better place to be than we were.
Just a reminder that a year ago WTI was $42 a barrel, now it is over $71 that is a serious recovery. By my reckoning that is around $3 million additional Gross annual income, even at current levels. Once we achieve 800BOPD that is a gross income of around $20 million even without RRDSL, which I also see benefiting directly from an increase in drilling activity as a direct result of the increased POO
If that was a dig at me you have the wrong instrument, nice of you to pay a visit to the Range board to have another dig, not going to work though. I will be here when all the fake holders have moved on because I really am who I say I am and a long term investor rather than a figment of someone's imagination. As for Range, yes it will rise, partly because of the rising POO but also because they have solid assets and finally a decent BOD. Apologies for off topic holders but Apache did ask the question.
I have to say that when I forecast WTI to be above $70 a barrel this year I did not expect it this early in the year. WTI urrently in excess of $71 a barrel. No doubt some of this is due to the Iranian sanctions but not all by any means.
I would say that was proportional
Well shallow wells cost 300 to 400 k apparently
When posters magically appear after seemingly been reading every day on a share they are supposed to be heavily invested in why is it their first post is always to trash the company, the BOD or both? Time admin took a good look at these "newcomers". if they are genuine fine but if not show them the door.
This is just the beginning of our recovery, the turning point will be when we are seen to be achieving set targets and with the help of a seriously improved POO increased revenue streams. Lets not forget that a higher POO will result not only in improved earnings for Range it will increase drilling activity in the sector and as a result the potential for us to win contractual work for RRDSL. They do say there are none so blind as those that will not see.
Brent over $75 and WTI over $70 https://www.dailyfx.com/crude-oil
Volume: 6,355,998 traded with 4 million of that seemingly being one exchange trade, ridiculous that the sp dropped 10% on the back of that and still we are told there is no share price manipulation.
For some reason someone did not like me mentioning the 2 x 2 million buys at full Ask so here they are again. I can’t see how they breach any of LSE’s posting rules. 09:26:47 0.25 2,000,000 £5,000 09:26:25 0.248 2,000,000 £4,970