Member Info for ocelot

Day's volume almost doubled on the UT and a 250k trade at 269.62+

Personally, didn't want to see the stock over-anticipating next Tuesday's half-year results, so am relaxed about this week's somewhat lacklustre trading.

Reckon this board must have predicted 500 of the last 2 RNSs.

It's a long-term waiting game, so why not indulge in a little long-term waiting?

1.5x NAV and we're looking at almost 700p (adjusting 31/12/17 net assets for the last 7 months' free cash flow).

It remains very undervalued by the market.

But Genel are undervalued (at this point, I should declare a personal interest in the stock!).

10p or more depends upon prospects for the Kimmeridge at HH and in the Weald basin.

That's when the ewt will become very interesting indeed.

http://www.rudaw.net/english/analysis/31072018

ahead of the half-year results of next week:

basic eps of 97.1c, corresponding to profit attributable to shareholders of $271.0m

operating profit of $298.0m included net gain arising from the RSA (the receivables agreement) of $293.8m

re meeting of Abadi and PM Barzani in Baghdad yesterday:

... The Kurdish delegation again raised the idea of exporting Kirkuk’s oil through Kurdistan Region’s pipeline, while Iraq markets and sells the oil. Dizayee (KRG spokesperson) said the proposal was welcomed by the Iraqi side.

“They said they will work on it and will try to implement it,” Dizayee said...

http://www.rudaw.net/english/middleeast/iraq/31072018

No large seller, no large buyer.

No volume - lethargic Summer doldrums.

Think it was the COO who spoke of recovering outlays on wells in 6 months or less.

Would have thought such a rapid payback could help to justify a premium rating - it certainly helps to compensate for the political risk.

The KRG must be pleased to see that the regularity of their payments is encouraging IOCs to invest more in the development of fields.

Memories Are Made Of This - Dean Martin

Anyone know what the peak flow rate of horse hill would be?

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Why not wait for the results of the ewt?

From Hawkey's 11:57 post:

... This lack of production capacity must now become a major point of focus as, in addition to the ongoing Iran-U.S. confrontation in the Strait of Hormuz, Iranian backed Yemeni Houthi rebels have once again attacked Saudi oil tankers in the Red Sea. In response, Saudi Arabia has suspended oil shipments through the Bab El-Mandeb Strait for an undisclosed period of time.

Aramco stated that “in the interest of the safety of ships and their crews and to avoid the risk of oil spill, Saudi Aramco has temporarily halted all oil shipments through Bab El-Mandeb with immediate effect. The Company is carefully assessing the situation and will take further action as prudence demands”...

What happened to my 300 forecast go? Back in it goes:

Tiger 262
JL 273
Without 289
Hasiba 296
Ocelot 300
H 330
Whitehat 337
Rangor 339

Brief and unassuming - good speech!

Citigroup's global head of commodities research, discussing oil supply and the reasons he thinks future supply problems may have been exaggerated:

... TECHNOLOGY IMPROVING OIL RECOVERY

At the beginning of the shale revolution, when producers across North America were first fracking horizontal wells, companies were only able to extract a small percentage of the vast quantities of oil and gas in place. As technology has improved and operators have optimized their techniques, however, more oil has been recovered.

“We’ve seen recovery rates go from low single digits to low double digits,” Morse said. “Why is it not going to go to 30 or 40 per cent? Or why, theoretically, won’t it go to the recoverability of conventional oil at 60 per cent?”

Like improvements in capital efficiency, he said, technical improvements are boosting oil production, further improving the supply picture.

“I think you’ve got to be a technology pessimist at a period of time when it’s hard to be a technology pessimist because digitization of the entire supply chain in the oil and gas sector is just beginning,” he said...

Congratulations, tiger100.

withoutt 289
ocelot 300

Think you'll find that the market cap would be very significantly higher if there was a tanker coming out of HH every 7 minutes!

I think they should abandon all attempts to classify trades as buys or sells, I fail to see what useful information it provides.

On the contrary, it seems to be the source of perpetual confusion for PIs.

Perfectly entitled to your opinion, Krakenoil, that's what makes a market, differing opinions.

It's when the ewt starts testing the Kimmeridge zones that things will become very interesting.