Member Info for ocelot

Opinion piece from a gentleman who seems to know his stuff:

... Non-OPEC producers simply aren’t reacting quickly enough. U.S. production hasn’t fallen nearly as dramatically as weekly data from the Energy Information Administration appear to show. More comprehensive monthly data from the same source suggest the drop is about half of that implied by the weekly numbers and over a period that’s four times as long...

https://www.bloomberg.com/opinion/articles/2020-04-26/negative-oil-prices-were-a-warning-not-an-anomaly-in-covid-19-era?srnd=premium-europe&sref=Em01M8Hr

... Every week, 50 million barrels of crude are going into storage, enough to fuel Germany, France, Italy, Spain, and the U.K. combined. At that rate, the world will run out of storage by June. What’s not stored onshore, is stashed in tankers. The U.S. Coast Guard on Friday said there were so many tankers at anchor off California that it was keeping an eye on the situation.

Before the crisis hit, the world was consuming about 100 million barrels a day. Demand now, however, is somewhere between 65 and 70 million barrels. So, in a worst-case scenario, about a third of global output needs to be shut.

The reality is likely to be less severe as storage would continue to bridge the gap between supply and demand. Plus, oil traders say consumption has probably hit a bottom, and will start a very gentle recovery...

https://www.bloomberg.com/news/articles/2020-04-26/the-next-chapter-of-the-oil-crisis-the-industry-shuts-down?sref=Em01M8Hr

Article on last Monday's trading in the WTI May contract:

https://www.bloomberg.com/news/articles/2020-04-25/the-20-minutes-that-broke-the-u-s-oil-market?sref=Em01M8Hr

From the BBC's Live reporting on coronavirus:

Former chancellor Philip Hammond has called on the UK government to begin easing the coronavirus lockdown.
"The reality is that we have to start reopening the economy. But we have to do it living with Covid," he told BBC Radio 4's Today programme.
"We can't wait until a vaccine is developed, produced in sufficient quantity and rolled out across the population. The economy won't survive that long.”
He added that measures to protect the population from the virus would be needed alongside any reopening of the economy.

https://www.bloomberg.com/news/articles/2020-04-25/u-s-has-gunships-ready-to-deliver-on-trump-s-warning-to-iran?sref=Em01M8Hr

That's quite an armada, impressive.

PV dismissed Saltfleetby, the team then had a change of mind when GL joined.
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LLTM, my reading of it is as follows:

PV dismissed Saltfleetby, JT-P then dismissed PV who was replaced by GL.

PV dismissed Saltfleetby, the team then had a change of mind when GL joined.
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LLTM, my reading of it is as follows:

PV dismissed Saltfleetby, JT-P then dismissed PV and was replaced by GL.

https://www.bloomberg.com/news/articles/2020-04-25/saudi-aramco-starts-cutting-output-ahead-of-may-1-opec-target?sref=Em01M8Hr

I couldn't bring myself to waste my money on even one share here.
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So you put zero value on your time, then, YL.

A buy - the sells went through at 0.067p.

Just looked at the share price graph for the last few months:
1/ the Riverfort and Tellurian overhangs have been known about since early August of last year;
2/ the water ingress problem has been known about since 23/12/19;
3/ what has really brought the share price to its knees in these opening months of the year is the coronavirus and the very sharp decline in the price of oil.
As and when coronavirus restrictions begin to be lifted, even partially, in the UK, for UKOG's operations, across the world, for the oil price, we should see the share price begin to recover.

Angus Energy (AIM: ANGS) is pleased to announce that it will host an investor and analyst conference call on Tuesday 5 May 2020, at 17:00 (U.K. local time) following an update on progress on all its sites to be released on Thursday 30 April 2020 after market hours alongside responses to the regular monthly Investor Q&A. The Company's Managing Director, George Lucan, will host the call followed by a question and answer session...

Pepesmint,

Suspect you are doing an injustice to your daughter's playground!

volume of 22.1m shares so far

DHC,

Agree that prospects for the oil price in the near term are dire.
Read that Trump's belligerent language towards Iran was designed to give the oil price a lift - in which case, he seems to be running out of options.
Fundamentally, it all depends now on the speed with which the world economy emerges from the coronavirus threat. Given that nobody knows the answer to that one, it's a speculator's delight.

It may always have been a trading opportunity for SCDM.

The way they bought was deliberately transparent, signalling their buying by increasing their buys by 500k or 1m shares all through the trading day.

but they clealry didn't like what they saw.
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Or they decided the quick profit was too tempting to resist.

Personally, can't be bothered, but have never objected to wealdpwr's "postalot" sobriquet.

My large quantity of of posts here simply shows that Anguish management need all the help they can get IMHO... and then some!
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Personally, I had interpreted your large quantity of posts as showing that Ja51 has been banned!