Member Info for ocelot

The UT trade totalled £160k.

... Leaders of top oil traders Trafigura Group and Mercuria Energy Group Ltd. said Monday at an energy conference in Singapore that within the next few months prices could rise to $100 a barrel for the first time since 2014...

https://www.bloomberg.com/news/articles/2018-09-24/the-lower-for-longer-oil-mantra-fades-as-prices-top-80?srnd=premium

Here's hoping all those invested are one step ahead of the IIs!

I'm sorry for your loss but to punt that sort of money into a share like this is not smart to be honest ! No institutions have despite the high profile.
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It's not a stock for IIs at the present:

1/ it remains a micro/small cap;

2/ it remains speculative until some of those resources are converted into reserves.

It's where PIs can steal a march on IIs, if they get it right, because they can be more daring.

.

Congratulations on your 5,000th post, Hawkey.

Your constant good humour makes this the most civilised board I have encountered.

"... oil (WTI) rose touched $72 a barrel after OPEC gave the cold shoulder to U.S. President Donald Trump’s demand that it take rapid action to reduce oil prices".

from Bloomberg's morning market round-up

$80.35

That's what they call a long-term investment perspective!

To your good health, JL.

Looks as if you're not far off attaining a milestone of your own, Hawkey.

Flyingfarmer 244
Klassic 246
Bobblicious 249
Bunks 253
Jandialbi 255
Ocelot 270
Hawkey 279
Withoutt 280

article on Bernstein research on unloved US oil stocks:

"... But if everyone seems to love oil, the same can’t be said for the companies producing it. At 5.6 times forward cash flow, the E&P sector is trading more than one turn below where it started the year. Relative to the broader market, it’s getting back to levels seen in prior oil crashes ...".

https://www.bloomberg.com/view/articles/2018-09-21/oil-prices-get-more-love-than-e-p-companies

https://www.bloomberg.com/news/articles/2018-09-21/bulls-gain-conviction-in-oil-rally-as-opec-ministers-gather?srnd=premium-europe

Ocelot 270
Hawkey 279

Just listened to May's speech.

Underneath the carefully chosen and delivered words, she is furious.

Well done, PM!

Enjoy your weekend, too, Champ, and ... congratulations!

Not convinced you should be selling UKOG at the present time!

But DYOR, of course.

I do my best!

Of essentially academic interest at the moment, until UKOG begins to produce.

OPEC meeting in Algeria this weekend.