Member Info for oxygen

For those that missed it, the IEA said global oil demand hit an all-time high in June ‘23 (103m bpd) and will likely hit 103.6 m bpd this month. That should underpin the OP for a while.

Nice to hear an Oil Veteran talk so excitedly about the Powder River Basin which just so happens to be slap bang in the middle of where we are. That aside, many will have recognised the Technicals & Finances , as they are , didn’t justify the recent M. Cap nor indeed still doesn’t but at least it proves opportunities are still around if you look.

well as an ex-pat, i’m dreaming that the uk suffers a prolonged and exceptionally cold winter this year with zero wind, coupled with the lng / aussies still on strike, the norwegians walking out in sympathy and opec still tightening the stop****s. energy security and the importance of managing the ns in a responsible manner, may then be taken seriously. at which point i awake.

@Dips. For brevity I was perhaps flippant, as yes you are quite correct the financials do equally come into the equation as will knowledge of NEM’s plans. My interest here was due to a previous investment in NCM via Oz family, so already have some background knowledge, and understanding of how these guys do business….which I like ! GL.

As a potential investor but first awaiting the updated MRE I must admit the longer this is strung out, the less inclined I am to become involved. Will look in again around Dec.

Many buyers will have taken advantage of yesterdays weakness, I know i did .

Most are on holiday for August, you can’t expect others to work just to keep shareholders happy. Hopefully Art is relaxing on a remote island somewhere !

Good to see we’re finally recognised as a supplier , and on the ball in being Stocked and Ready to supply the NA Standard Charging couplers.

Maybe the Trading Platform you use, didn’t have a problem this am for another six figure volume. Like days like these when the Market offers gifts !

Well it’s a step in the right direction but unless the outcome delivers some form of fiscal stability over an investments lifetime, irrespective of changed Governments, then that outcome will likely be met with doh !. ( Interesting Paper posted by Kokomo) .

Meanwhile we need that chilly wind blowing from China to dissipate.

Can see the ATH being surpassed in the not too distant future. This latest Acquisition is a bit of a game changer.

Some of the fast money will already have gone here as Traders have spotted another candidate for a quick buck. No problem, as the fundamentals haven’t changed here for those with a little more patience and perhaps not quite so desperate to pay this months rent !

Plenty of reasons to be Oil positive …. OPEC maintaining current stance / Russian Oil Port now being targeted/ increased aviation traffic & Peak Demand still at least a decade away. And the US haven’t yet started replenishing SPR.

The Market often overshoots in both directions, this is now under correction and will take a few weeks before settling down again. Timing is everything.

Saudi Arabia said it will extend a voluntary oil output cut of one million barrels per day (bpd) for a third month to include September, adding it could be extended beyond that or deepened.

Meanwhile Deputy Prime Minister Alexander Novak said Russia would cut oil exports by 300,000 bpd in September.

That’s probably why we’re not seeing a pure Op’s update in Aug. AB may feel he needs to provide greater clarity on Financials and Outlook / SH Returns, that is best done in a HY Report. With a good chance the POO will be higher in Sept. we may be able to surf over any negatives by then and throw off the life jackets !

Probably best, as if this were to be positive AB would more than likely get something out to help shore up the SP. Thankfully Oil is still in Demand.

Well hopefully now that Sunak has stated the Tories ambitions for the NS, this should put pressure on Labour to come clean and state their own position. Without this clarity you can’t expect huge multi year investments to proceed within any UK Government’s jurisdiction, one danger of course is that may be their plan. This dark cloud needs to lift, and quickly.

Wonder if Labour know the rate of depreciation on EV’s. Onto, one of the UK’s largest electric vehicle leading groups which has already burnt thro $350m of funding desperately needs more cash. Problem being its funding is secured against a fleet of cars which are dwindling far quicker in valve than originally predicted. So another Net Zero own goal by the look of things, won’t be long before my trusted Diesel actually goes up in value !

Not a great fan of BP’s chief Bernard ‘cash machine’ Looney but yesterday said he saw oil demand continuing to grow into next year with OPEC+ being increasingly disciplined. Collectively that “ creates a situation where you’d describe the outlook for oil prices to be strong over the coming months and years.” No surprise he’s lifted their Div. another 10% , hope AB’s paying notice otherwise

that ratio will rise further.