Member Info for mrc_mrc_mrc_mrd

Yes at the end of the day though what is needed here is some material news. All that has happened here is the MM has moved the price to trick people into buying or selling (generally retail buy after the price rises and sell after it falls). The old greed and panic.

If the BOD deliver as they have promised then this sort of thing wont happen. It's a function of low volume and low MC.

Pelle - think it is a signal to OPEC that they can add back more barrels. It's a neat story and the market loves a story.

Next week it will be the flip side I'm sure.

Trend is up anyway. Maybe a little pull back or sideways until the demand / supply picture becomes clearer.

What price are you hoping to buy back in at?

Or is that you out for good?

A nice juicy directors Buy at these prices would light a rocket under the SP. Does he have any powder dry and is he allowed to buy?

Is another surprise transaction too much to hope for?

I guess this is seen as bearish - OPEC more likely to increase output?

POO seems to have shat the bed anyway. Well done chilting you might get a lower price after all!

Let's see if this train can stop!

AA - the rise was clearly manufactured as well. That is the problem with announcements made of promises. Someone has made money out of this little pump and dump.

Yes, nuclear makes a lot of sense from an environmental point of view. Risk of pollution is local and very unlikely.

Hippies have themselves to blame for where we are now.

At a higher or lower price I wonder!

Wouldn't mind a dip back to 18p myself but it is looking strong at 19/20p

Possibly a good call to sell chilts. Could be a volatile week and potentially we will drop back a penny or 2.

Saying that, it's holding up very well currently.

Don't think seeking alpha has a pay wall Pelle.

Great news on AK and Magnus, thanks for the update Therapist.

How much production is going through GKA?

Me too...done really well on some of my other oil shares so ploughed the last of the profits in here this morning.

Can't see much downside.

Drilling rigs will be going cheap at the moment so I would lock one in. I think magnus has its own drilling so maybe not an issue there.

ENQ should be able to keep a lid on operating costs this year.

If I were AB I would be drilling like mad as soon as possible. I think Cairn would be amenable to a budget change to maintain plateau at Kraken, and we have full control at Magnus. Be interesting to see what they decide to do when the AR comes out on the 25th.

https://www.woodmac.com/news/opinion/could-oil-majors-and-independents-generate-record-free-cash-flow-this-year/

Nm

L3 - takeover is good for me as my average is very low, but I don't think it will be good enough for TC. The renewables project is also unlikely to be attractive...

But honestly....do you think perth development would have been any different under anyone else? Many have tried and failed. This is the closest it has ever been to getting FDP, and it's been achieved in a historic downturn.

As I've said, I would like a deal with ENQ and PMG to buy CNOOCs stake in Scott, with ENQ farming in to PDL licences. How that looks in terms of %s I don't know but with the amount of FCF ENQ are generating it seems like a nice way to add significant reserves.

OR use enquest Producer and go for a larger development.

We still have a month of low output from opec. Things could move very quickly with demand return.

They need to add back some barrels. We want a slow controlled build.

https://www.bloomberg.com/news/articles/2021-02-28/opec-faces-calls-to-cool-oil-market-frenzy-with-extra-barrels

Enquest fan in the media is always good!