Member Info for flipper56

Https://oilprice.com/Latest-Energy-News/World-News/OPEC-Stuns-Market-With-Larger-Than-Expected-Output-Hike.html

Drill baby drill anyone ...............................

The article says oil prices are expected to go down. And the trend is down so I am not arguing with MD on this one. But RKH isn't producing any oil and the Sealion breakeven price allows for lower prices. So cannot see Navitas running scared by short term fluctuations. And once Israel start bombing Iran's nuclear facilities the shorters will be badly burned. My faith is in Gideon.

https://www.express.co.uk/news/world/2050100/iran-blasts-donald-trump-nuclear-tensions

When Navitas were originally planning to farm in with PMO and RKH the oil price was much lower. Below $54 a barrel from memory. At that time the world was in covid lockdown and the narrative was oil prices were never going back up again. I kept buying. Why ?. Because the worlds population is exploding and there isn't enough minerals, money etc etc to achieve net zero any time soon. People can short RKH, they might be right in the short term, who knows. But when I was buying at 5.5p it was a much much bigger risk !.

Iky, agreed. We need something like that. But hopefully much bigger and not just a letter of interest.

Hopefully you are right. We have been waiting for a long time ....... We invested in good faith and deserve to be rewarded.

Isn't Colin now more focussed on his new plaything at TIR. I don't follow TIR anymore but noticed lots of pump style posts yesterday. A.I fits Colins style very well !

They will probably ask for a delay in sympathy with the Vatican ............................

Navitas are obviously not relying on the "expertise" found on this bulletin board for advise !. Given the market situation in the US yesterday then this mornings start looks promising. 50p coming soon ?

Navitas and the oil stocks doing well today in Israel. Hopefully we will be back up 50p by end of month.

CJ - if there are a lot of posts then often best to avoid the share in my experience. They are just being used by the boiler room gangs. Fortunately RKH has generally been quiet except for the times when movement is happening and people are getting excited for obvious reason.

The quicker Sealion is in production and further resources are brought into play the better imho. Then we can accept a nice big takeover offer at £ ? per share. Navitas aren't p***g around.

Personally I have always expected them to reduce their holdings and have said so many times on here. 35% of a whole basin is too much for RKH. More oil and quicker is a positive to me.

MD - thanks for giving your reasoning.

MD . Why ? Trump tweets ? Share your insights.

https://www.worldometers.info/world-population/

Looks to me the population continues to increase at a rapid pace. Those people will use energy. But I accept volatility is a part of markets.

I remember Chessmaster saying that in the knowledge that there would be a delay. Wasn't his best move !!! 13p to 50p.

Just happy watching it go up. No point in upsetting the shorters and putting up with their doom and gloom.

"The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market. Despite big swings, North Sea Dated still rose $2.03/bbl to $74.99/bbl but fell to $70.73/bbl in early August" .12 Aug 2021 Taken from Google search

https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14209380/shenandoah-gets-the-go-ahead-in-the-deepwater-gulf-of-mexico

It never worried Navitas previously so I see no reason for Navitas to worry now. And their shareprice is up today so I see no reason to lose sleep. Guess they don't take their advice from bulletin boards.

The arbitration must end soon. They can't drag it out indefinitely - I think !. Then we will have lots of cash when others are desperate.

Https://blog.gorozen.com/blog/commodities-2024q4

Https://www.express.co.uk/news/world/2037524/donald-trumps-tariffs-falklands-threat

The FIG has every incentive to approve oil development asap. I can't see Hurricane wanting to hold onto the FPSO much longer either. RKH has cash, hopefully Navitas won't bulk - and I cannot imagime them doing so, their management too tough for get hysterical over a bit of market turbulence. I still remain very positive. I vowed not to buy any more but if the opportunity comes along then might be tempted.