Member Info for Offwork

I think July contracts ended today.

:-) You know what I meant. They’d still be a gap. Any way, moving in the right direction.

Re charting; could we not close say 1000p and then, open next day at 2000p. Hence a gap at 1250p.

Will there be an acquisition prior to the June or September FTSE 250 entry review?

IRAQ GHADBAN: OPEC+ COULD TAKE FURTHER STEPS TO TACKLE THE SUPPLY GLUT, BUT INSISTED THAT ANY NEW MEASURES WILL ONLY BE TAKEN IN CO-ORDINATION WITH PRODUCERS OUTSIDE THE COALITION

Kind of glad it’s **** Monday. Allows further dealing to take place with opec++. Can see a drop in oil price then low and behold KSA make one statement and give OSP and we’re back to $45 a barrel.

Hope you’re all having a good Easter and are safe.

Leaks?
Only a 8.5m cut.

Probably an outline of what they plan over the next 3/4 months dependent on G20 meeting Friday.

We may see decent rise Friday in Oil price after the G20 meeting.

They’ll be cuts today and then it’ll be down to what the G20 decide.

https://www.cnbc.com/2020/04/08/oil-surges-8percent-in-sudden-move-toward-the-end-of-trading-us-oil-fund-etf-halted.html

Apologies if this posted earlier. I can’t see it, some gremlins on the board...

Valuation: ~80% upside to our risked NAV and on 2.5x EBITDA in 2020
We have included 25p/sh of value for Cotton on a highly risked basis which leaves our £34/sh risked NAV unchanged ($70/bbl Brent long term and 10% discount rate ) implies >80% upside from the current share price. Adjusting for long-term liabilities in our EV calculation, we see RRE trading on a 2.5x EV/EBITDA multiple in 2020E. We also estimate negative FCF of ~US$30mm in 2020 as RRE focuses on its development projects. The company has production growth over the next couple of years, as well as plenty of upside potential from lowering its decommissioning liability, development of 25mmboe of 2C resources (excluding Cotton), and a funding-base supportive of further M&A ambitions.

Dmitriev also said Russia is working closely with U.S. authorities to have American producers participate in the output cut.

OPEC+ meeting delayed, voices raised between Russia & KSA, oil prices plummeting.
However, an important detail: Putin's spokesman, said he is personally handling the oil issue. Putin's aides don't usually link him to issues that are likely to fail. Just a thought.

The importance of the postponement reflects the flexibility and sacrifice of Saudi Arabia in an attempt to reach a global agreement to stabilize oil markets and counter the massive decline in demand caused by the Corona virus.

KUWAIT OIL MINISTER SAYS SUPPORTS SAUDI ARABIA'S CALL FOR NEW OIL CUT TALKS, REUTERS SUNDAY

Opec meeting next Monday?

https://www.google.co.uk/amp/s/simplywall.st/stocks/gb/banks/lse-mtro/metro-bank-shares/news/do-institutions-own-metro-bank-plc-lonmtro-shares-2/amp/

Uk Bank’s in ‘strong position’ to support economy.

Yes I know that. I’m only showing what the terminal screen showed.

By the way have a look at GKP and Gokana. How long they took to notify the market.

I’m not saying that has happened here. Again, I just posted what I’ve seen.

As mentioned by another poster the terminals are not always 100% accurate.

There are no RNS’s for a disposal. So the fear mongering is just another attempt to sway posters to meet their own agenda.