Member Info for Groover

Rocket I agree and do wonder A if we're looking at a dead cat bounce or B how markets in US will react by weeks end to more cases in US. One area in NY State has been put in lockdown this evening

Rolling

I wouldn't bother responding to him. He's just a spitefull little turd on this and numerous other BBs playing the big I am when in actual fact he still lives at home with his mum in a 2 up 2 down mid terrace and drives a battered old fiesta to his security job. That's who this guy really is.

Hes skint and clueless about what's actually happening to the companies he posts about

Pretty crappy article by Evening Standard.....what's their gripe!!

https://www.standard.co.uk/business/premier-oil-takes-a-well-deserved-tumble-in-price-a4383546.html

Highlights



· Significant downside protection in place. Half of Montara's production is hedged at an average price of US$68.45/bbl through to September 30, 2020, resulting in a blended realised price of c.US$60/bbl based on current oil prices (including latest realised premium);

· Realised pricing at a substantial premium to Brent. Stag most recently achieving a premium of US$21/bbl and Montara realising US$7.60/bbl;

· Cash flow resilience at low oil prices. The Company expects to remain operating cash flow positive in 2020, even at oil prices below US$30/bbl;

· Strong balance sheet. Cash balance of US$116.0mm at January 31, 2020, with outstanding debt of US$50.1 mm; and

· Entirely discretionary forward capital programme provides the Company with maximum flexibility to adjust spending, in line with the macro environment.



Against the current backdrop, the Company's existing hedging programme provides very strong downside oil price protection. Half of Montara's production is hedged through to September 30, 2020 at an average Brent swap price of US$68.45/bbl, or around US$76/bbl inclusive of the premium most recently achieved of US$7.60/bbl. On a blended basis, and based on the current front end of the forward curve, this implies a Montara average crude realisation of around US$60/bbl through to the end of SeptembeR

People seem to forget he **** on China and that costs 2000 point drop alone on DOW about 18 months ago. Hes a prick and wont back down for anyone

No words really.

World SO CALLED leaders having a spat in this already weakened global market

Idiots

Dow futures down 1300 points before it opens.

Nikkei down over 100, Hand Seng just off, Sensex 1600 points.

Its all pathetic it really is. Now I can see no possibility of retiring next year or by I'm 60 (5.5 years away) now.

No YachtMaster isn't a newbie with his 573 posts you dip ****. He just doesn't post constant spiteful drivel (7043+) posts as you do, you Muppet

Yeah but this dog if a share follow suit.

I find this BOD baffling

Yeah, Trump the punk is done for now unless he backs down on china etc to make himself look like the big deal maker. He was saving the deals for Nov but will have to bring forward now to help US / global economy. Think many in US etc have forgotten how his stupidity dropped markets over 2000 points in a few days at the start of his trade spat. Prick

I wonder if they will get assistance on the debt if it comes to that. No one in their right mind would wish it to go under after all the fight its done to get where it is now......well a month ago

Good post budgie

Cheers Thordon which was aware of but being so close to the big bear, and Putin refusing to reduce output, you still feel BLOE will find itself in demand? Current climate appears unprecedented

Spawny/ Bankrupt

Cheers both and hopefully so although gold is head south to as many days as its north. I'm not going to AVG up here even to increase my position as down with others so will use time to focus on those, esp SDRL which I thought I timed perfectly at the bottom $1.30 and now its dropped to 83 cents ffs. Painful as hold 5000 shares. I truly believe TXP (poss BPC) and JSE will be the stocks to have gotten into (NOW) two years from now. I just honestly didnt know how Putins games could affect us. Cheers guy's.

Bonum sorry. Auto text!!

Bonus

I feel your pain. Everything on my HL platform is down bar SRB and TXP whereIhold good AVG. MATD for me has been down for a while so praying they finally pull it off as I do here and all others recover. My pension has suffered even bigger hit. Worrying times as was hoping to retire nxt year but can't now till pension recovers. Not shooting myself in the foot by drawing down in this environment

Absolutely lost by your post. Not going anywhere as still well up on this stock.

Sensible response pls. Does this hurt us more than current market conditions already experienced. I don't know because this is T&T

Will opec fallout affect us ?

I dont know given our location. Anyone?

Chers

Now what happens? Anyone see how bad this will hit us?

Now what happens? Anyone see how bad this will hit us?