Member Info for Maverick7

This will head further down if the dividend is cut, then its a "buy" for a short term trade

Interim dividend usually paid in September, are we expecting the same this time around. £20 seems to be historic 5 year highs so plenty more to come?

remind me of the price you have to pay for a second hand ford capri these days

as is silver, keep some powder dry

We had the rise from 115p to 126p, will be down tomorrow

wrong ferret, hasn't stopped Chevron making a bid for Devon energy, hasn't prevented RRE being acquired, mergers and acquisitions have only just started
Anyway, I don't want PMO to be acquired

agree Kraken, once the rights issue is done and dusted, this will fly, so load up ahead of that (those that can take advantage of it!!)

A number of £20k buys and share price hardly moves

DBNO - In a months time you’ll be saying WTI target is $50 - lol

?

On Bloomberg news feed about 20 minutes ago, Exxon about to sell of its North Sea assets

https://news.bloomberglaw.com/mergers-and-antitrust/exxon-is-said-to-kick-off-u-k-oil-assets-sale-after-delays-1

yes i am also expecting continual draw downs from API & EIA over the next few weeks and months.

news that pipeline projects are being mothballed with US shale, i am surprised that they are still reporting production at 11m boepd, surely that's a made up figure, it hasn't changed for weeks

however the uncertainty is holding the progress of the share price. They could release an update anytime and say we are raising equity at 40p. This is preventing people buying in big.
Once they confirm the equity raise (& price) i expect the share price to go up big time, until then its sideways movement. Better to announce it sooner rather than later

It will be around this level despite poo going up. The market needs transparency of the equity raise, specifically at what share price will they raise money at for the BP asssets

its bouncing off 115p several times so we wont see 110p before the dividend payment, who knows after that though

Chevron buys out Noble, RRE in the process of being bought by private equity, probably not the last of such deals

https://www.denverpost.com/2020/07/20/chevron-noble-energy-colorado/amp/?__twitter_impression=true

Well Chevron have made a bid for Noble

No, I wouldn’t believe anything that Motley Fool say, make things up to suit their trading position, they are probably buying up at these levels

https://oilnow.gy/featured/heavy-oil-at-orinduik-similar-to-north-sea-gulf-of-mexico-commercial-crude/

The Orinduik heavy oil will be more mobile than North Sea

140p would be better though, right at the top of the trading range in the last 12 months, will it get there on the dividend payment date