Member Info for easyp

Nothing of note, routine.

"We think the oil markets finally begin to understand that a lack of investments in large oil projects over the past years is threatening supply over the entire next decade, at a time when demand will still be growing as the electrification of the transportation sector will not impact demand meaningfully for years to come."

https://www.zerohedge.com/energy/long-term-oil-prices-beginning-top-reflect-coming-oil-shortage-part-1

Up to you....but I am long oil and gas producers for the next few years.

https://www.zerohedge.com/energy/long-term-oil-prices-beginning-top-reflect-coming-oil-shortage-part-1

"We think the oil markets finally begin to understand that a lack of investments in large oil projects over the past years is threatening supply over the entire next decade, at a time when demand will still be growing as the electrification of the transportation sector will not impact demand meaningfully for years to come."

I take your point but will the markets apply logic and rational behaviour to second guess what Putin does this week?
I think the markets will hedge on the basis that Putin might shut off the oil hence I would not be surprised to see the price up tomorrow.

https://www.zerohedge.com/energy/gazprom-halts-gas-shipments-europe-critical-pipeline
.....well there goes the gas! Oil next?

Things heating up in Russia, would anyone care to guess where the price of oil might be on Monday morning?

My guess is Brent at $120 a barrel after Putin gets angry over recent events!.

Thanks Basil, holding CNE and HBR for the longer term. I prefer HBR but as you point out a merger or takeover very attractive to shareholders.

From ZH

This leads Goldman to cut its 2H22 Brent price forecast from $135 to $125/bbl while also raising the 2023 Brent forecast from $110 to $115/bbl. In particular, the bank says it doesn't see "today’s decision as resolving oil’s structural deficit, now years in the making." This is consistent with the resilience in long-dated prices today, with Dec-23 Brent remaining the bank's preferred long-term bullish oil trade (with EU Gasoil cracks the preferred short-term oil trade).

Yesssss although assume is dangerous.
It makes an ASS of U and ME.

Daltrey I share your concerns, perhaps this analogy will help the? The company is now out of a near death experience where Maris was all set to switch off the life support.

Fortunately that was stopped, the P6 kept pumping and here we are almost well again.

Was this always a high risk business/geology? imo yes. Was the company poisoned by Maris in collusion with others or did it simply suffer a mild financial heart attack?

Honestly not sure, but optimistic that the sp will multiply this year on the basis of cash and prospects.

Prices can be manipulated on AIM.
But a companies VALUE is harder to junk!
I am holding, ignoring the noise and price volatility but watching the trend arrows. HUR under valued for now but that will not last!

HBR might buy CNE Basil? Why? For the spare cash? Personally always struggled to enthuse about this gas field in Egypt. Interested to hear your wider thoughts on the potential deal? It would certainly make the combo a more significant oil and gas producer.

https://oilprice.com/Energy/Oil-Prices/Saudi-Arabia-May-Raise-Its-Oil-Prices-For-Asia-To-Record-Premiums.html
Very good news for HBR imo.

https://oilprice.com/Energy/Oil-Prices/Saudi-Arabia-May-Raise-Its-Oil-Prices-For-Asia-To-Record-Premiums.html
Good news for all oil producers but especially North Sea as Europe needs oil and gas.

Cautiously optimistic that PosGrip technogy will be in high demand shortly as the industry recovers from the Eco Idiocy of the past ten years.

From here I can see the business either multi bagging the share price and being bought out on the cheap. The latter a real worry as I am way in the red!.

Amusing how the sp can fluctuate on AIM. Effectively the markets are dropping the sp to a value before the game changing RNS? Clearly daft notwithstanding the change in oil prices as HUR was doing well at $80! Anything over $100 is epic imo.

My whining aside I am glad the board is "quiet" because as soon as the sp moves the usual suspects arrive to ramp deramp etc.

No prediction on where the share price will be by end of today or indeed the week. I added on the dip because I am confident the sp will be much higher in a couple of months.

Are you brave or foolish enough to buy more? That is the question I am asking myself....

News is near or......... Znewzzzzzz?
Very disappointing that there is so little news flow.