Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“President Trump, Senators from oil-producing states, and some CEOs of shale companies have cornered themselves by asking Saudi Arabia, Russia and other oil producers to cut oil production.
The reality is this: It doesn’t matter what Russia or Saudi Arabia do. Any possible production cuts are irrelevant in the short term because no matter how deep they go, they are no match for the impact that Covid-19 lockdowns are already having on oil demand and will not raise oil prices high enough to save the U.S. shale industry.
Furthermore, Democrats in Congress will oppose any bailout of the shale industry, leaving the U.S. shale industry to the mercy of the Coronavirus: some will go bankrupt, others will be weakened. U.S. production will experience a steep decline.
What President Trump and Senators from the oil-producing states have not realized is that the U.S. shale oil industry has been suffering before Corona, and before Saudi Arabia increased production.”
Sorry to use the 4 letter ‘S’ word again, but that’s my opinion and as advised last week until many sensitive forum fools who can’t seem to remove emotions from investing shot ‘my opinion’ down.
https://www.themoscowtimes.com/2020/04/02/kremlin-denies-putin-spoke-to-saudi-crown-prince-a69850
Whoops - should make clear my £60k investment was on another donkey!
EMERALD - thanks for your posts - very much appreciate and enjoy the reads, though don't post often myself. My £60k investment is down 95% so all hope lost really, but always a punchers chance in this game. I was hoping you could please elaborate on the significance of your comment "PMO have 37% of their oil hedged @ $64 until July"? What does this mean for PMO, to July, and beyond? Should the landscape continue as is until Jan 2021 (in the UK at least, worsening elsewhere), what do you personally feel are the chances of PMO surviving the turmoil?
I too agree with you with the US having increased market share when OPEC & Russia limited supply this is Russia's opportunity to stick it to them, bringing shale to its knees.
I also agree with you (sound like kiss a*se now) that Covid is not going anywhere anytime soon, those who seem to think Summer will be the hail mary are mistaken, given what we can see in other warmer climate countries. Considering the UK has a warm summer at all!
The only way to stop a spread is to let those infected either recover in hospital, or pass away - whilst the rest of us remain indoors. To do so, a full lockdown of all but essential business is needed. Atm, we're being told to isolate on weekends yet going to busy work environments on a Monday, sharing the infection and bringing it home. Doesn't make sense - if you want to take deaths to 0, but that's not the plan.
This won't stop unless dramatic measures are taken to get to 0 new infections, 0 new deaths to release UK life back to normal with the caveat UK Borders are closed until vaccine. Again, this won't happen in my opinion. Instead Gov will be satisfied with their high-level analysis to simply surpress, by sacrificing 'some' human lives, 50 or 100 or so a day, many of which are war veterans, in exchange for the UK economy to continue running at base level. Staying home and continuing to work will keep deaths to a 'manageable' consistent rate until next year, NHS at a manageable turnover and keep the country running until a vaccine is available - one which adopts a change in the specific human cell opposed to targeting the virus protein cell itself which will mitigate against mutation.
There simply is no quick fix unless as you elude to unless much more extreme limitations are placed on personal and business life, I can't see it, those who believe Gov relaxing measures in May, June, July will only see the curve steeply rise again.
With oil demand super-low & supply super-high with a virus bolted on to really turn the knife, it's going to be some time before we see a sustained bounce - I just hope PMO structure & finances will see themselves through the peak of disaster ahead. New to researching this firm, your comment pricked my ears.
Hi All, I don’t post often but just to share something I had noticed.
FYI 20k invested (under half current value), 10k top up funds on the sideline (waiting since 1.50p), Not a ramper or deramper, just a realist.
I personally believe we’ll see the SP in the subject line which will be a fantastic opportunity for those who wish to top-up or make their initial investment into this firm. The fundamentals still look strong (for a OG stock) & with the acreage and plans for 2019 minimum downside risk at a 0.0075 entry point. In all fairness an entry at the current SP I believe is also a well timed entry in a company with lots of potential.
‘Potential’ is the operative word for my reasoning as to why I believe the SP has further to decline, and why I have waiting for almost 6 months to top up.
I had noticed in each RNS relating to Farm Out, it was positively expected for Q4. Until the last. All of a sudden the word “potentially Q4” was used. I don’t think adding that word was frivolous as these company updates are carefully compiled given the direct impact they cause up or down to the SP. It is therefore my opinion that there is a delay and we should see FO in Q1 2019. Have been expecting a delay RNS to come and a market reaction to test the metal
of holders.
Only my opinion and hopefully if it comes true then some investors can get in at a better price, my only reason for posting.
Good luck to us all and I hope this comes good for everyone in the next 5 years.
29th Jan 2016 : SP 0.35p > 2 months later > SP 3.85p 1st July 2016 : SP 1.65p > 2 months later > SP 3.53p 16th June 2017: SP 4.05p > 3 months later > SP 0.98p Current 2 week share movement between 3p and 1.6p. Too many toys being slung out of prams recently. Either accept the price movement will continue to achieve highs and lows (as demonstrated historically) or sell your investment and move over to the FTSE or Property. Shares go down & up quickly - not fake news. Volatility, market manipulation & sentiment driven share movement in a loosely governed marketplace is in the nature of AIM Oil & Mining explorers. LTH's like myself have invested based on fundamentals, BOD, potential, risk/reward given bad case/good case scenarios. A great entry price if you opt to be one. Traders will trade at their peril/success. GL. Let the MM's setup their mates. The foundations are in situ, now the true value of this company will unfold over the coming years whether it results in high-debt & dilution with non successful production or the curve being truly creamed. If the former, in the near term we should hopefully still be presented with reasonable future exit points for consideration should IW2 not flow. Right now we're in the careful choke management stage to remove frac fluids followed closely by hydrocarbon content we all hope to see. Everything else is drivel. #patience #hold
"Flowback is the practice of controlling the rate and pressure of fluid being produced from a well during the early production period after the well has been stimulated...aggressive drawdowns can damage fracture conductivity and reduce well performance" http://www.halliburton.com/public/ts/contents/Papers_and_Articles/web/URTEC-2461207-MS.pdf