Member Info for mikemike

AIm4

I do believe you are correct. Thanks for the correction

Only admin can delete posts. To get a post deleted admin will conclude you are in breach of LSE rules.

We are responsible for what we print, and the consequences that can go with it.

I have had more than a few of mine deleted and I am innocent!

saying i believe we are going to do well next week may get me deleted again!!

Spinefx

I am not sure they are holding of DUC production because of POO. At this time it seems to be that have no where to run the oil with, as the pipework does not yet hook up. By this time next year, they will be ''on line'' and many of those spigots will be on. They have to fund their debt build up somehow. Once flowing this will be a net cheaper supply as not using rail or truck

I also expect that Venezuelan heavy oil production will be down, so having an over all nil net affect, just better quality API.

US consumes close to 20 million bp/a. They may with some of those well running at 500bpd cover over 12mbp/a, still a huge shortfall in domestic production over demand. They are also converting road fleets to gas as opposed to gasoline.

US is going to be a serious exporter of oil in the next 18 months. Russia will not pull back. So I suspect Saudis will have to take on role of key swing producer if they want income, no matter how reluctant.

This is good as the west coast crude oil export to Asia is going to get very competitive.

https://www.andrewjowett.net/tag/ducs/

I am not sure how many of these DUCS will come on line during 2019.. The lattice pipe work for Permian area will start to hook in to the export markets from the USA.

POO may come under pressure to hold value unless meaningful production from Venezuela continues to slide. Equally the Venezuelan oil is heavy oil and the Shale DUCS are higher grade API, so product substitution may see little change in net production/sales.

Global oil sales still living off the back of Discoveries made a long time ago and have not been replaced with new discoveries. Stranded Canadian oil sand assets with discounts of 30$pb are just not viable for funding new fields.

There maybe a near term glut in oil again but I suspect it will not last anywhere near as long as the last one.

Looking forward to a decent farm out

WA

The sea is like a mill pond around Valdez, tsunami warnings have been withdrawn.

Just hope it gave the HRZ another good shake. I could, I am sure, hear the slosh from here:))

Perspective

The sales today are under .02% of stock issued.

I suspect the MM hold more than that as a float, now they have more.

xplore

I do like the way you think

And if they do not what would your tea leaves tell you then

Lurker my thoughts as well

mizman

how did you stumble across the site?

I like to be an optimist yet i suspect this may be a journalist seeing to much into the Brokers note, now it is on the net

The brokers note was 26th?

Mizman

I cannot see how we can date ''the three days ago'' If so it seems strange not have been announced

swifty

is Monday, not some point in December?

Mizman

thanks

Maybe the two sells are being covered by Mms with a decent buy which is why the sP has not drifted down?

Swifty

both ears open to the market, you are not the market

Mizman

I do not have access to NEX, any idea if there is activity there?

If there was NOT a deal the market would've known about it and price would've fluctuated. Global just keep being an ostrich.

BTW a deal or no deal is yet to present itself. You could guess right you could guess wrong, so could I.

We will know soon enough if those invested here are doing well or not

Well that should keep you happy, if not ecstatic!

Jersey was my last Uk posting about 20 years ago. Prices for anything and everything were just stupid high as just about all produce was brought in except for New potatos and tomatos. I remember M& S sandwiches having a base price plus shipping cost attached to them lol.

Makes me wonder if all of those islands need a MED alternative