Member Info for ocelot

Yes, JamesConroy, she was right about the approaches to Angus re Saltfleetby.

194 trades, volume of 277.317m, average trade size: 1.43m.

v 88% SELL the previous day and 100% SELL last week and last month.

Moving averages:

50-Day 0.112
100-Day 0.125
200-Day 0.161

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

The fun at Angus has yet to begin. Production is where the real action is which will start very soon. Way to (sic) cheap
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Agreed.

... uppy

5th biggest percentage gainer, biggest volume stock on the market at present.

A big gain in big volume is saying something (it's just a question of precisely what!).

northfork,

Your question is the key one, but, no, I for one can't. All one can say with certainty is that there are more buyers than sellers this morning and that the stock already "felt" better towards the end of last week.

Total volume of 173.1m and it's 9:38am!

Summary of an opinion piece from Bloomberg's morning round-up:

The prospect of inadequate oil supply and triple-digit prices in 2022 is real, Julian Lee writes. December marked the seventh straight month OPEC+ fell short of its production target, a deficit that won't close soon. Global spare capacity may not be much more than 2.5 million barrels a day, or 2.5% of demand. That's a very thin buffer—and one that'll feed the bullish market outlook.

.

Maybe they are the ones mounting a bid! Maybe they've been aiming to make a lowball take-out bid all along!

Angus is the top share forum by a large margin (12% v 3% for the 2nd) on the rival site favoured by derampers.

Article in today's Sunday Times: "To be clean, we first need to get dirty".

No easy solutions: to build wind turbines, oil is needed; to build solar panels, coking coal.

https://drillordrop.com/2022/01/08/extraordinary-dunsfold-drilling-plan-takes-uk-in-wrong-direction-ex-tory-leadership-contender/

... In options markets, bullish bets on U.S crude and Brent climbing above $100 this year and next have risen this week. More than 120,000 lots of U.S. and Brent crude $100, $125, and $150 call options have traded this week. In barrel terms, that's the equivalent of more than 60 supertankers full of crude being traded in 5 days ...

Morgan Stanley expects Brent to climb to $90 a barrel by the third quarter. It estimates that observable stockpiles fell by about 690 million barrels last year.

“We suspect that further strength lies ahead,’’ analysts at the bank including Martijn Rats said. “With the prospect of low inventories and spare capacity by the second half, further demand recovery into 2023,and still limited investments being made, the oil market appears to be heading for a period with little margin of safety.”

https://www.bloomberg.com/news/articles/2022-01-09/oil-rides-into-2022-on-bullish-wave-as-demand-fears-fade?sref=Em01M8Hr

Thank you for your message, scotalba.

"More gas is the answer to a gas crisis. We need it to heat our homes and fuel our factories. We also need it as back up for electricity generation when the wind does not blow or blows too much. Let’s have some more U.K. sourced gas as well as more windmills" (Sir John Redwood, MP).

Thanks to RT003 on the ANGS board.

It's a problem no matter what the complexion of the governing party. It just so happens that the Tories are the governing party at the present time.

It's a question of mitigation, of being seen to apportion the costs as fairly as possible, because there are no short term solutions, this is something that has been building up over many years.

The Times devotes quite a bit of this morning's paper to the subject. Some extracts:

"Mike Foster, chief executive of the Energy and Utilities Alliance, said: 'The UK can do little about wholesale prices other than try to mitigate the impact on consumers" (p6);

"No quick fix' to solve the worsening energy crisis" is the headline of an article spread over 2 pages on pp52-53:

" ... with analysts warning that high wholesale costs could be here for several years, questions are mounting ... over what, if anything, can be done to address the root cause";

Tory MPs "have called for Britain, which imports more than half its gas, to bolster domestic production";

"James Huckstepp, of S&P Global Platts, ... said that European wholesale gas prices would remain 'far above historic averages' for the next two to three years and that 'there isn't much that policymakers can do about this";

"One energy chief concluded: 'We've got to accept that we live in a global energy market. The price is what it is".

The Times devotes quite a bit of this morning's paper to the subject. Some extracts:

"Mike Foster, chief executive of the Energy and Utilities Alliance, said: 'The UK can do little about wholesale prices other than try to mitigate the impact on consumers" (p6);

"No quick fix' to solve the worsening energy crisis" is the headline of an article spread over 2 pages on pp52-53:

" ... with analysts warning that high wholesale costs could be here for several years, questions are mounting ... over what, if anything, can be done to address the root cause";

Tory MPs "have called for Britain, which imports more than half its gas, to bolster domestic production";

"James Huckstepp, of S&P Global Platts, ... said that European wholesale gas prices would remain 'far above historic averages' for the next two to three years and that 'there isn't much that policymakers can do about this";

"One energy chief concluded: 'We've got to accept that we live in a global energy market. The price is what it is".