Member Info for Maverick7

No major swings one way or another, clock is ticking for Total to farm in or Not, 3d results due and then strong news flow to follow in coming months about drilling timescales in both Guyana and Namibia and anything left wing from Africa oil

By the next operational update

Saudi has 2m spare capacity - is that all - with world demand still rising, lack of investment in recent years and depletion kicking in - time to get worried.

Oil going up

Trump tweet is to try and influence the oil market, however it’s fake news - nothing of substance

Oil going up, PMO going up, peak oil demand season

Hyds
Not long to find out eh, can you wait 2-3 days. I can. I'll be getting those Cubans ready

The only thing that scares Trump and US is the price of black gold. They bank roll the KSA military so I would expect some US influence and pressure on the Saudis.
Trumps tweet won’t have any impact though, the API and EIA data will see to that.
I wonder if he has any insight into shale depletion rates, US production was down last week. We are in peak demand season. Oil going up

I reckon based on Canadian outage, the draw should be greater than 9m barrels this coming week

Fake news

API & EIA draws going to better bigger due to:
Summer driving season
US production falling
Iranian sanctions
Venezuela is a basket case
Disruptions in Nigeria, Angola & Libya
Canadian oil sands outage of 300,000 barrels/ day
US inability to meet local and international demand due to pipelines issues
Lack of investment world wide over last 4 years
How quickly can KSA & Ruskies actually turn on supply
Hurricane season coming
Goldman Sachs turned positive on oil
Statoil keep on hitting dusters

And most important factor UK heatwave continues, shame we can't burn more of the blackstuff via air con systems as we don't have any

Did i miss anything

We could be at £2+ sooner than most expect

We might get an update tomorrow from TLW

I just don't get why the ECO share price and market value is so low. With so much news to come and ECO involved in the hottest assets in the world, is there any obvious reason for this??
Trading in the range of 30 - 33p, it would be obvious to think there would be a placing before all the hot news flow. However, they should get a farm in and therefore cash but will it be enough to secure long term security of the company.
There must be high net worth institutions constantly knocking on their door to invest in this story. I'm sure they can raise a lot more cash at hefty premium to current share price and at same time create a lot more liquidity.

Surely future funding is what's keeping this from going a lot higher.

Any thouhts

Post OPEC meeting, will draws or builds from API and EIA have an impact on oil price as the correlation between them have broken down of late

Tullow update this week on the 28th June. So we should get an update on Guyana & Namibia this coming week

Well never got to 130p, but was fairly close around 136p. Can see this only go up. Operational update due soon and current poo price will drive this higher

I can hear the herd coming. Expecting increased buying from hedge funds, PIs, Institutions from next week. Very few would have risked buying oil stocks on Friday. Also a number of companies will start to release RNS which they may of witheld. So expecting the impact of those RNS to be greater as sentiment changes.
Peak oil demand season also arriving in northern hemisphere and further draws in EIA & API number. These will have a greater impact on poo. Sit back and enjoy the ride. Fully loaded.

explains the share price lag, but i'm happy to wait, expects the larger gains in the 2H of 2018

That’s a buy signal then, however wait till Monday post OPEC, update due end of month

This may be a blatantly obvious statement and observation to make, but the current share price obviously doesn't factor in near term 3d or potential farm in or subsequent prospecting for oil. Either the market is not interested in the 3d or wont value it until drilling or farm in. Once the farm in or drilling is confirmed I would hope that we get a rapid and substantial re rate. The market doesn't think this will happen anytime soon

Friday afternoon or Monday morning, either way money to be made, just that there may be a 10-15% gap between the two

maybe they or someone tried to manufacture a tide of stop losses or crash in the share price aka RKH back a few years ago. Everyone knows there is significant news coming - all good I hope. Best acreage on the planet for oil hunting