focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
nice, seems to be rising more than others and consistent buying... pure speculation but maybe someone has got wind of something?
long way back to 20p lol
8p paid
certainly a possibility during this period of consolidation in the oil sector... although the bod have indicated that a number of large shareholders and the bod are happy to refuse and low ball offers...
just incorrect then, MC is as stated on here. a tiny £18m ..... for now
is that not tsx mc ?
lol investors here been waiting for them to get into gear since 40p ipo...............
Oil price The Opec monthly report was out yesterday but too late for the blog, it did however carry enough good news to maintain the positive momentum for the oil price. Within the report there were two major positives, US supply forecasts were trimmed and demand numbers, including the call on Opec crude were raised. US supply growth has halved on the 2014 increase and non-Opec supply of 850/- b/d is down by 420/- b/d. With demand numbers steadying, up 2.17m b/d for this year and weighted towards the 2nd half ( Q1 demand of 91.38m b/d to Q4 of 93.7m b/d) call on Opec crude of 28.02m b/d in the first half rises to 30.37m b/d in the 2nd half. Readers will know that I expect the oil price to be ‘U’ shaped and rise towards the end of the year as a delayed reaction to the rig count falls and slow burn effect of the fall in investment worldwide to make the bounce more pronounced. Whilst the recent rally will be welcomed by the industry there is a long way to go yet. Chartists however are strutting their stuff at the moment as their support levels are being held and upward resistance being tested. For Brent, support is seen as being at $53.99 and $52.40 while resistance is at $59.15 and after that at $69.23. Brent’s intra-day high yesterday was $59.61 and whilst we are well off that at the moment if it should close above that level then they are in Nirvana… It is worth remembering amongst all this joy that the Chinese data out overnight was poor, Grexit is looming and the talks about Ukraine hardly encouraging. Last week I had great hopes that average US gasoline prices would fall below the magic $2 per gallon level as we got down to $2.04, i’m afraid that they stalled around there and the price has picked up, albeit helped by the refinery strikes and now stands at $2.19, up 12.3c week on week. - See more at: http://www.malcysblog.com/#sthash.ISFm1tTv.dpuf
wheres DT when you need him, i suspect he has a decent rough idea of current production, backed up with some figures from OCD websites etc, DT where are you lol ??
taking a look .... Q3 averaged 1210 boepd since then we have added - IP30 1,160 boepd Marathon Road. Net 145boepd - IP30 931 boepd east marathon road. Net 223boepd Lennox is still awaiting frac to add to production and another MR drill is currently underway and assume the commitment well on CW acreage is also. i'd rather be under then over so going with 1000 boepd roughly today,
afternoon JMR, production i would have to guess is about 1000 boepd (a conservative figure) but we cant ignore the declines... crude about to test $59 hopefully, could get interesting... glm
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Oil price Crude oil rose all but one day last week with Brent up 9.1%, 18% on a fortnight giving some traders reason to believe that the worst is behind us. Certainly the chartists I talked about last Monday are getting quite excited, for them the Brent resistance level of $56.99 has been busted and onward progress looks imminent, I am not quite so confident yet… Blackrock say that inflows into their energy related exchange traded products were a record $3.7bn in January, echoing what I have been saying about money managers in general upping their exposure to the sector and indeed what Daniel Och said in his Reuters interview last week. But if you look at the available US statistics on Friday you are right to be bullish, first the non-farm payroll not only cruised past the whisper at 257/- new jobs but decent additions were made to the November and December numbers as well. After that the Baker Hughes rig count, a new best friend for previously uninformed analysts, came in at a drop of 87 rigs (83 of them in oil) to see a fall of 284 since November the 21st. It is without doubt fair to say that it will take time for these falls to feed through to a fall in US production but it will do in time, probably in conjunction with other capex reductions around the world, at which time it will be time to push the panic button as is so often the case. Finally, the last remaining export route for onshore Libyan crude was shut off at the weekend when Hariga port was closed by terrorist attacks thus virtually ceasing any exports from the country. - See more at: http://www.malcysblog.com/#sthash.SHJxe0mt.dpuf
jmr / oogle, so were working on the assumption that they are participating on the initial well to maintain the deal / commitment, or will agree to postpone to a date. i of the same thoughts. just would have thought CAZA would have mentioned the CW well in the latest ops update... ATB
'Therefore, in the near term only obligation wells will be considered for drilling.' the CW well was supposed to spud on or by 01/02, are we participating ? no mention from the company?
oil continuing its move up.. TSX 30% up, just hope the oil gains hold / continues move up GLA