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Brent has just bounced off $50.
If the Russians agree to SA's proposal for further cuts, the price should, IMO, get back to $55 quickly.
If not, I suppose it is could fall further.

Questions have been raised about the reliability of mortality figures from both China and Iran.
It has been bothering me for some time that there is such a disparity among the recovery figures for China, South Korea and Italy, presently 65, 22 and 10 percent respectively.

If China really is exaggerating the recovery figures and massaging its mortality numbers, then eventually they will presumably announce the epidemic has ended when they know it hasn't, and that would encourage people to travel to China and catch the virus.

Any thoughts?

My best guess, Daltry, is that the price is prevented from rising, or is pushed down, by means of automated trading and shares are accumulated by normal buying.

Presumably, if people wants to drive the share up in order then to take a profit, they buy by means of automated trading during quiet spells.

The classic trader's share is PMO.
It recently rose from 65 to 115 and has gone almost all the way back down.

I don't think you've got anything wrong, hasiba.

Here's what Malcy wrote today:

'The numbers today were first rate, as expected and Premier continue with their exceptional operational performance ... Overall a really credible performance as we might have expected, more later.'

I know Malcy has many critics - including me - but at least his assessment reflects the facts about the company rather than the share price.
The SP is being manipulated and is now on a P/E ratio of less than five.
With no tax to pay for 10 years, the debt pile should soon have shrunken to easily-manageable proportions.

'The SP is the elephant on people's minds. No one expected it to be this low, this long. No one. Yet it is...
It is being manipulated, I'm sure. To what end, I don't know.'

I STILL think it's being kept within a tight range to enable someone to accumulate shares.
The next RNS could be about another change in shareholding.

I'm amazed, Double, that you've never filtered anyone.
I'm now finally going to follow the advice I gave everyone else a while ago and add TSD to my filter list.
Before I do so, I have one parting shot (at him):

Question:
What is the difference between TSD and an STD?

Yes, Careful - people in Britain used to listen to Lord Haw-Haw's broadcasts for entertainment purposes, even though the purpose of his broadcasts was to demoralise them.

There was no prohibition on listening to them, whereas in Germany, listening to the BBC was a criminal offence.

I mention Lord Haw-Haw because TSD's spiteful, doom-Laden comments remind me of him.

It could be that Italy and South Korea's recovery rates are much poorer than China's because China is vastly exaggerating its recovery rate, but why has Thailand had only one fatality, considering its Chinese tourists - unless it too is covering up the true extent of infection?

I know that there is evidence that Iran has been massaging its figures.

Are you referring to China - or everywhere, CD?

Well, Mr Foresight, I note that you have posted 128 times on LSE, and it seems that 127 of those posts were on IAE.

Today, for the first time, you have posted a comment on another company, and it just happens to be HUR.
Most people, when posting here for the first time, say something along the lines of 'I've been following this company for a while. It looks interesting. Can anyone fill me in on latest developments?' or 'This share looks ridiculously cheap; can someone explain why? Thanks.'

But you wade into the debate with an announcement to all LTHs and readers that HUR is going bust.
Why did you do it?

(A reply would be appreciated, but not as much as total silence).

I disagree, CD.

The recovery rate in China has gradually been increasing and is today 65 percent.
The news from South Korea and Italy is not so good, but the disease has hardly spread to other countries in Asia or Europe, with just a handful of fatalities in other counties in either continent.

I note that PMO is on an historic P/E ratio of five and that debt is now below $2 bn.
That means that the debt has been reduced by almost 50 percent in three years.
Yet the share price is actually lower than it was three years ago!

First, your valuation of HUR at 21p is questionable, since Edison's latest valuation is 109.9p.
Secondly, the figure I cited is £42, not £47.
Thirdly, anyone can check my posting history and see that I have repeatedly pointed out that that figure would be reduced as a result of farming out - e.g. a 50 percent dilution would reduce it to £21.
I'm not intending to have a protracted argument about JOG, S7ein, as regular posters have indicated that digressions about JOG are unwelcome.
If a reputable analyst said that the figures I quoted are 'wildly optimistic,' I would take note, but frankly, S7ein, when it comes from you, I don't attach much credence to it.
The two companies have considerable reserves - massive, by any standard, in relation to their respective share prices.
To state, as you do, that they are 'marginally undervalued,' is, I suggest, nonsense, and I think that most readers will agree with me on that point.

Forgive me, Double, for yet again digressing from discussing HUR, but recovery rates from CV are still increasing: 65 percent in China and 56 percent worldwide.
Unfortunately, Italy is still struggling.
If the Chinese continue to make progress in stopping the disease from spreading, it can only benefit HUR's recovering share price.

That's okay, Double.
I know my references to JOG have caused some irritation in the past, but the fact is that both have undervalued assets and both are being rubbished as worthless by a certain poster who frequents both BBs, but has been noticeable by his absence since both share prices started rallying.

I've just noticed that the link in my last post seems not to work, maybe because it's on two lines, so I'm trying again:

https://www.jerseyoilandgas.com/wp-content/uploads/2020/02/Oil-Capital-Presentation_120220vFinal.pdf

'What we want to do is bring in a well-qualified oil company and investor who's as committed to Barryroe as we are and who's willing to really put the money in to get the full understanding of 'is it a big oil field or a big gas field?''

(Alan Scott Linn)

Sounds like we won't be doing a deal with any Chinese company with dodgy finance this time.

'The question is how do you prove the continuity? Do they have to drill an appraisal well and if so who is going to pay for it?'

(Manyana)

Well, Linn has answered your question, Manyana: it will be paid for by the farminee.

Unsure where you are getting your NAV from, but its spectacularly wrong.
(S7ein)

I think you must be telepathic, S7ein!
Here is my last post on JOG, published just 32 minutes ago:

04 Mar 2020 17:53
'I agree with you wholeheartedly, DU: the market has got this one spectacularly wrong and the derampers stake everything on a farm-out never happening.'

Please go to:

https://www.jerseyoilandgas.com/wp-content/uploads/2020/02/Oil-Capital-Presentation_120220vFinal.PDF

and scroll to the bottom of the page.

I agree with you wholeheartedly, DU: the market has got this one spectacularly wrong and the derampers stake everything on a farm-out never happening.

Can you just explain what you mean by '80m barrels flowed': do you mean 80 mboe in fields which have already flowed?

I doubt whether either will happen, Careful!