Member Info for ocelot

low volume works both ways - won't take much to pull the stock up again.

I blame the arrival of Summer weather!

And the winner of the James Joyce prize for stream of consciousness is ... Boyzee!

:-)

... until a change of mind.

the maturity of its existing $100m bond.

Looks as if the image of IOCs operating in Kurdistan continues to improve.

Will be interesting to see the terms they achieve.

courtesy of AMR2017 on advfn:

... “The global oil market will likely continue to experience a deficit under most scenarios,” Bank of America Merrill Lynch said in a note. The bank sees Brent rising to $90 per barrel in the second quarter of 2019.

Ultimately, the goal of OPEC and its non-OPEC partners since 2016 has been to drain the surplus and bring the market back into balance. Now, with the market balanced, it would make little sense for them to flood the market. As such, the agreed upon increases are intended “to keep inventories towards more normal levels and not push the market into oversupply,” Goldman Sachs said in a note.

Saudi Arabia, as always, will have the final say on how much oil is added to the market. And with the IPO of Saudi Aramco still scheduled for 2019, there is little chance that Riyadh will preside over another market meltdown. Indeed, any effort to boost production will be aimed at preventing a price spike as more and more barrels go offline around the world.

... Goldman Sachs Group Inc. called the shutdown the most dramatic event in the oil market last week, as opposed to OPEC’s meeting in Vienna...

https://www.bloomberg.com/news/articles/2018-06-25/oil-sands-outage-upends-global-oil-market-overshadowing-opec

Of course YA is forward selling.

RNS today, so, in all likelihood, they began to sell on Friday. At 15% of daily volume, means about 25m of their 53m should now have been sold.

1 out of 10 for effort!

Saturday's oil agreement with OPEC's allies sounded more like an increase of 1 million bpd than the 600,000 increase of Friday's OPEC agreement.

Explains the (limited) pull-back of the oil price and, maybe, of Genel's share price this morning.

reduces loan outstanding to £2.5m

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GivingTheLowdown 227
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ERBIL, Kurdistan Region – Iraqi Prime Minister Haider al-Abadi and Shi’ite cleric Muqtada al-Sadr, whose Sayirun alliance won the most seats in Iraq’s May 12 election, agreed to form an alliance during a meeting in the holy Shi’ite city of Najaf on Saturday...

But the implications are not yet clear, as the article goes on to discuss:

http://www.rudaw.net/english/middleeast/iraq/230620184

Hawkey 285
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That's a totally unfair comment, imho.

Hawkey 285
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What do you want the media to be interested in?

Nothing's happened yet.

Will get there eventually!

Mark888man 291
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Sparky333 - 295
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