Member Info for Madmaxium

I believe oil price will climb again late feb early march onwards personally, but I believe we will head into a deflationary period before than lowering oil prices, and oil will go up next year as dollar falls

Keep ahold of that report output, I am
Sure Goldman doesn’t have any skin in the game…

No worries BB,

It’s the commodity it sells , revenue drives share price, you don’t have to believe me or trust me it’s just a heads up when the situation occurs you know what’s going on,
The game is and always has been to separate you from your money, stop thinking like a retail trader and you will make money.
Oil will fall this stock will go up, then when oil climbs again and retail get bullish, big fish dump their shares on them all over again. Ever wonder why the markets don’t always make sense . It’s not always the logical approach that makes you money.

You watch BB it will happen, strong decline in oil is coming $65 possibly a brief touch on $45, everyone is bullish on oil it’s gonna take a dive, December 5 is marked for shunning Russian oil, between now and then it’s going to be interesting, everything the govs have been doing is prepping the oil market and putting a floor in it to protect it, making out it’s too bring down the price for citizens we are being played. we are about to have a commodity price shock downwards,

A strong decline in oil prices is what the big buyers are waiting for burrenboy it’s counterintuitive they know the retail holders holding on for dear life will chuck in the chips at that point, it’s not far off.

CEG

Looks like someone has either hacked it or a newbie is on data info input cause it’s putting UKOG market cap at 1.77 billion dollars

Yeah it’s still showing CEG with a market cap of £697.5 million,

Any one else noticed simply Wall Street is showing a 9969 % increase today in CEG stock?

He’s knackered himself lol

Now John briggs make sure to let me know when you become bullish on this stock, the very moment mind so I can sell. I believe in you completely!

And so the Wall of Worry begins

I do believe if shell have any success in there blocks the speculators will pile into the stock regardless

Druid, increasing production in ceg is a strategy it’s one they should have always had mind but it’s the right direction, regards Uruguay I don’t see it as a dreamers hope partnering with a major, oil market fundamentals have changed since 2020 exploration is back on the agenda with majors have a massive cash flow increase they will look to invest in exploration ceg does have a opportunity.

The legal case with PRD will be the next main focus of the negative sentiment here,
Popped over to PRD share chat to see the sentiment there and herd mentality is strong many are bullish on the outcome in there favour.

One thing that I really never see anyone comment on which is the main issue that affects this company is the very commodity it sells, during the accounting period oil was just starting its recovery we where in the middle of covid shutdowns, so much focus on the board no one ever discusses the oil price itself,
To stay afloat with the worst decline in oil prices in history plus covid restrictions and delays, and a load of debt to restructure during that time period, the wall of negative sentiment.
Oil prices during yesterday volatility held there ground even went up 5 percent, effort around the world to fight inflation and lower oil prices in the short term has put a floor in the oil markets that should be apart of the focus moving forward for investors. Higher oil price higher revenues!

Looking at uk markets capitulation is happening in a lot of stocks across the board, gonna be a painful day for many

The royal flush, look at that sea of red sells.

This was from the Merco Press, South America

Shell and Apache will be joining Challenger Energy Group, which was also authorized to explore for hydrocarbons last May, even when the UK company interest dates back to 2020, but had to be suspended given the pandemic conditions.

Stipanicic pointed out that the AIM listed company has not been granted permission for an exploratory well, but in a farm-out deal, considered appropriate by Uruguay, it could in effect attempt drilling.

Farm out is there only option really regard Uruguay