Member Info for Confounded

At $66 oil and with taking off SPT (average 22%) leaves us with $54 a $24 per barrel profit. At hopefully a conservative 2850 bopd prudcution rate that is $2m per month profit. Refute these numbers if you disagree but valuation here is exceptional imo.

First purchase for me since we relisted, I think it represents greater value at 15p than it did at 7p.

Weissy, yes a really good summary of where were are, pulling together a lot of the clues that have been out there re oil for quite a while, but now I think the market is seeing them. I do hope you are right about the gap, I am waiting for it. The lack of bounce today makes me feel it will try for it.

This is a very good article summarising why this is just the start of the rise for WTI. https://seekingalpha.com/article/4138151-impending-oil-shortage-2018-part-1-2

I still feel it is likely to come but it is less of a concern now we are in the $60�s. Your cynicism is well placed though. This is about the 4th good opportunity they have missed to make an announcement so not making any calls on when it will come.

Yes, this week looked the best chance. Utterly unbelievably and very poor move by T&T. Very short sighted. However, with what is about to happen to the oil price we are going to get a very big boost and 2018 I believe will be transformational. Remember GO spreadsheet from the Autumn, well that is out of date as it only went up to $62. I have already extended it to $70 and shortly will have to add more.

API reported a build of 4.7m, normal for this time of year and so far oil has held onto most of today�s gains.

Weissy that sounds about right, will be taking the first top up since we relisted if we hit that level, 7p was about as outrageously cheap as we are here now.

I heard the depth at this level is thin and that it looks very much like the MM are still working a buy. Having said that I have kept some powder dry that I nearly used last time they gave a glimmer close to 15p, happy to pick up bargains if they present themselves.

Yes, at 2800bopd TRIN brings in revenue of $5,376,000 every month! My calculations (please do your own) with $30 break even and 22% SPT puts us around $1,885,000 profit per month. Let the tumble weed role! I agree oil is giving us a real chance to close down all debt, let�s hope spring brings us good news re progress.

Maybe TRIN is traded by bot, would explain some of the irrational moves.

Oil above $64 again. TRIN spiking, I wonder if there is news from the conference?

Bypass journalist spouting old rhetoric, listen to it from the horses mouth. Reporter asks Al-Falih �Are you worried shale� and gets the truth. https://www.bloomberg.com/news/videos/2018-01-22/al-falih-and-novak-on-opec-production-cuts-oil-prices-shale-video

Absolutely CRL, as good a time as any but who knows.

Feature address by the Energy Minister in 3 hours time. Seems as good a time as any to make tax reform announcements. http://www.ttenergyconference.org/agenda/

Volatility is our friend, if we can move 10% on no news then big rises are possible with the right news. I am very happy to hold over this weekend.

No they are available it is just the kept the offer up for quite a while and then we got the drop into the 15�s after I posted.

Offer down now, hefty move.

Maybe they do expect news over the weekend. Automatic trades to drive the bid but not letting any go cheaply, I am trying.... Wissey was right with the gap to fill down here and as posted earlier it would not surprise me if there is a pretty strong turn around.

Funny how it always works but the gap just closed that was made last Friday. You never think it will but it always seems to. Now the question is who wants to sit this weekend out, could be a decent reversal this afternoon.