Member Info for mattwales

shorters in the overall oil market will be presumably unwinding positions.

You'll have the likes of Tullow and other oil companies buying out of the money put options etc.
Same with fund managers/hedge funds/traders buying 100s of millions of barrels of oil to send to China and store which will increase the oil price.

Vaccine rollout in USA, especially as they are the worst hit will increase oil prices.

Streaming experiences have yet to take off in full we're only at the start of a digital revolution. i would see digital as VHS, cinemas Betamax.

Have you ever seen USA homes compared to Uks they are massive a lot have dedicated cinema rooms costing $10k+.

This is just one analyst view at digital tv growth.

https://www.digitaltvresearch.com/ugc/press/254.pdf

IPTV = HBO MAX and 9000 other premium channels like Disney+ etc

people have been increasing their IPTV use massively to watch premium content tv for a small monthly fee as well as Netflix/Amazon etc.

I personally feel the pandemic has made the switch over to digital services from cinema quicker.

canary read what i wrote. i am agreeing the RBL redeterminations are a foregone conclusion.

oil is a no brainer with Brent price still low.

The Chinese have dumped a lot of money into Ghana's oil sector the past few years and could yet take Tullow out in a takeover. After all it was Chinese majors originally interested in Jubilee way back when.

Oil is low the Chinese know it and why their oil spending on infrastructure/wells especially in Africa is rocketing.

At Tullow's low market cap its a definite candidate for takeover interest despite its debt which will unwind sharply when the oil price recovers completely.

wow people stayed up. hope everyone is excited where Oil is.

The modest increase by OPEC ensures demand for oil is more than the supply Q1 so the glut of oil around 7% above 5 year averages will dissapear Q1.

The sheer greed of hedge funds/fund managers buying oil barrels will take Brent to $60 by April, if not sooner.

Everyone who has been talking about RBL redeterminations is missing the point entirely.

What do you think will happen Jan and March when Tullow are telling their bankers crude is $55+ and they were conservative in their projections.

https://oilprice.com/Latest-Energy-News/World-News/Oil-Major-Chevron-Slashes-Spending-Plans-Following-COVID-Crisis.html

oil is rising.

euro/USA lockdowns overturning approx 2m b/d plus people holidaying once vaccinated.

Russia and Saudis in agreement...oil rising

https://mobile.twitter.com/Amena__Bakr/status/1334523143382294529

a bit from different topic pictet must be whacking it....

all the oil analysts that obviously dropped in on the CMD presentation upgrading Tullow.

wolf, given his track record its doubtful don't u think as he'd dilute everyone to oblivion again.

i can see why he wants to build assets but he never concentrates on existing assets and PREM ends up back at square one but with dilution of billions and billions of shares spent on nothing much at all.

If he did a 100:1 consolidation he'd be back up to 18 billion shares in no time because he'd be ooh diamonds ooh gold without taking existing assets to production.

The enormity of ZULU also negates PREM to develop it to DFS dont you think?
PREM would have needed $3-5m to develop ZULU to DFS on what they have what cost 100 times the size?

I feel ZULU will go like Circum what do you think wolf?

RHA is a basketcase and he still has to pay for feasibility studies for he offtaker.

Wolf i think if RHA was profitable he'd have found the cash and dumped it all on the South African metal exchange.
After all costs to lorry it across the border are low.

https://www.msn.com/en-gb/news/uknews/pfizer-vaccine-to-arrive-in-the-uk-within-hours/ar-BB1bB3op?ocid=msedgntp

hovering around the Iraqi assets but you can be sure they'll look to other Exxon assets given they're JV partners in lots of juristictions.

https://oilprice.com/Energy/Crude-Oil/How-China-Gained-And-Exxon-Lost-Control-Of-This-Supergiant-Iraqi-Oil-Field.html

Chinese also going Africa mad surprised no offer for Tullow although Tullow have brushed off offers so they said at CMD.

https://oilprice.com/Energy/Crude-Oil/China-Is-Rapidly-Expanding-Its-Oil-Resources-In-Africa.html

which is sure to add to positive sentiment for oil and oil companies.

there is no credible chance.

States Bridge Capital will give PREM all the money PREM needs it's just at what price and cost to long term shareholders.

With lack of newsflow it will drift lower so GR is in a I do it now or I wait and the SP goes lower anyway.

Everyone, shareholders and anyone watching knows PREM needs a lot of cash to progress everything.

Sooner they get that cash the sooner they can try and build a viable business....delays over years have destroyed it.

the money raised would have also paid down any non wage debt outstanding.

The gold sample results while poor at around 1 g/t were in numerous supply.

To become good commercial viability you have to hope there are plenty of seams averaging around 8 g/t.

I can see why he is buying surrounding land its a cheap exercise but throws buying it out/permits 9-12 months.

Not sure why PREM aren't developed Aerial metalurgical studies that while costly would help PREM determine where the gold is. Then to produce us all a pretty 3D model of where they plan to target drill the Gold.

They will have to pay themselves around Jan time does anyone know if they will use cash or is their still room for more shares to pay themselves?

The likelihood of Consolidation whether they RTO MNH into PREM and spin off Zim assets or not is high.

The reality is PREM needs a large cash injection to get everything moving Consolidation/spin off will aid it.

and they aint taking any of my shares.

outlook for oil demand better with each month from vaccine rollout by summer travel will be manic.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Demand-Set-To-Soar-In-The-Coming-Months.html