Member Info for Plebleens

As one of the more useful posters alluded to last week. Amundsen Spirit now has destination Catcher early on the 14th before heading to Immingham. Quick turnaround from the previous cargo. With the new wells now on stream, are we pumping at a higher rate? Make Hay whilst the sun shines

Agreed Branson. Uptrend on both very much still intact. Consolidation allowing the RSI to reset from heavily overbought. Dollar aside, I Still remain extremely bullish oil. The supply outages are unprecedented for this time of year with current demand growth. NSea maintenance around the corner, Saudi Summer oil burn, let’s see how much spare capacity there is and whether team OPEC can agree to open the taps with such hostilities against certain member countries. Politically the world doesn’t want $100 oil yet, but the arguments that the world economy should be able to cope are pretty valid. Andurand is right that these easy trends don’t come around very often, so make the most of them. Seems that we have also been free of the market maker agitators for a couple of days which is also a bonus, and with some the iii posters coming over here and Andy left in limbo on the other site, we may even get some decent debate. Good Luck All

It’s a shame that the graduates of today face such stiff competition in a declining jobs market and can’t get proper jobs in the city these days and are forced to join market makers and scribe badly written diatribes on anonymous bulletin boards to try and agiitate the markets for their bosses, in the hope of a promotion and a sideways career....., A bit like when the trading pits closed and the Essex mafia had to become online market makers. Please make the posts a little more plausible. Andy at least researched and had a bit more maturity in his views in order to try and part you from your hard earned shares. The board is becoming somewhat tedious and rarely insightful. Having traded oil for many years, the trend is not in doubt and the supply losses at this time of year are just stoking the fire. Only an economic recession can stop the spike that looks to be inevitable. OPEC simply don’t have enough firepower left in my opinion. I wish you all luck in your daily posturing. One day you should all meet up in a pub and I think you’d be pleasantly surprised how much many of you have in common. PMO is sound. Sleep well and see you in a few weeks. And yes I’m still invested.

Good Bullish Candlestick formed on the Brent chart today with the late rally back to unchanged. Bodes well for a positive start to tomorrow. And positive that the gap filled on the PMO chart

Navion Oslo will be there first thing tomorrow.....can’t imagine what the problem is..... Small Bruce bonus but if you Take away heavy oil from Venz, the world gets shorter fuel oil. We have eastern production priced off Sing 380 fuel oil price. Every little helps. History tells us OPEC always overshoot, this is going to be a difficult market to turn, no wonder Trump is piling on the pressure to try make up for his lack of foresight. Perfect political storm for oil. Still in dip to buy mode in my mind.

And importantly closed the gap....higher lows, higher highs...,trend is your friend.....dip to buy. And all message boards being systematically attacked to try and cause as much volatility and disruption as possible. More transparent than...? OPEC doing what they have to do, to stop demand destruction on prices rising too high on supply issues. Oil trend is still up and providing plenty of fcf for PMO. Be careful who you trust ;), try not to get stopped out, if you playing the swings, otherwise keep it simple and most importantly keep the faith.

Looks like somebody has bet the wrong way. massive stop out on Ti/br, pumping up the Brent price. Too much sweet shale oil and with Venz and other OPEC nation heavy grades taken off the mkt.... (cheaper grades such as Arab Heavy first to be cut, but needed to balance the US grades in refineriy runs). Will keep US exports logistically constrained. Extra bonus from OPEC. All good for Brent related pricing grades....

Scott Spirit underway from Aberdeen. Destination still tbn. Will she or won�t she ruin the atmosphere in Weatherspoons.....?

And the psychology of most traders/gamblers is that they can�t help themselves getting back in once the market goes back up through the level they stopped out. Albeit with a bit of regret, less margin and a smaller position. FOMO. Wild swings and hats off to the few that get it right. Will be interesting to see if we get a spike if we get thru 110 today. Scott Spirit also awaiting orders at Aberdeen.

In Summary, 5 were automatically Ejected for being under position 375, 2 were automatically promoted for being above position 325. Of the 3 probable positions to be filled to keep the market at 250 participants, PMO was one of the 3 highest that wasn�t already in the index. Steve on advfn writes it up in more detail and Samantha�s stock challenge has all the workings. Doubt all the trackers buy on day 1 and it is more of a gradual change in the funds position, but should provide another degree of support. Plenty of messing with the share price when it looked unlikely to make it yesterday, with a decent recovery when the outcome became more likely.

Dow Futures up over 100. Italian bourse positive. Oil higher than yesterday’s ftse close. OPEC all words at the moment to stop the market getting ahead of itself. A gradual rise over 80 bucks preferred. Driving season started this week. Asian refiners now out of turnaround season. Middle Eastern summer crude burn. Many of the Oilers show dream hammer candlesticks on the charts. RSI now back at sensible levels. FTSE 250 pretty much nailed on. Plenty of the derampers and stop outs need to rebuild positions. All eyes on Navion Oslo to set sail today or tomorrow to confirm Catcher rates remain high. Odds more likely for a positive day in my opinion.

Feels like there is a lot of options volatility around the FTSE 250 entry level. Delta that had got sold this morning, has to be bought back as we rise and get closer to the strike price. Possibly self fulfilling? Stranger things have happened. Very bullish daily candlestick building at the moment. Seems to have been decent buying just above that 95 consolidation area from last month. Somebody still likes it. Cash conservation the position or start rebuilding position at a higher entry level?

Back at McDuff awaiting orders. Next offload should be imminent.

Long time no hear Baysil and hope you are well. Totally agree with you that the MOL catcher asset is the next target in the crosshairs, now that the plateau output has been reached, just how to finance it....,lenders should be happier now with much of the years capex already spent and plenty of Fcf . Maybe a simpler solution is via Cairn. Plenty of synergies between CNE and PMO. Oft been mooted but surely more realistic now for some merger speculation and take advantage of Cairns debt free status? Maybe we have to wait for forced conversion of the remaining bond holders in July and Cairns Indian arbitration in August? Plenty of time for rally to continue and bankers will be loving the increasing market cap and extra fees. In my opinion more likely than a takeover. Good luck . 173 still my first target, but on current momentum looks merely like it will be a resting point. Using dips to add and roll contracts further down the curve. Next few months could be transformational

Navion Oslo heading back to catcher, 7-8 days after last lifting. 60kbd or more being maintained

To repeat Smut, 60kbd, to start with. Brucey production bonus to come, and a reserve upgrade. MOLs stake should now be the next target as the FCF relieves some of the financiers woes. All following very logical steps.

Navion Oslo sitting off the coast of Holland awaiting orders. If we see her back at Catcher before the 20th May, then can assume that rates are better than 20kbd, assuming she is termed up.

Navion Oslo on the way to Rotterdam to discharge after lifting at Solan. Due Rotts tomorrow. Interesting to see if Premier now have the vessel on time charter and it heads straight to Catcher after unloading. One for the weekend vessel watchers. Would then indicate that production levels are up. No doubt being saved for the update. Enjoy the weekend

To copy some of last weeks TA ramblings Having consolidated and renewed the longer term uptrend we have now reached First target at the Jan highs. Now to break the trend line drawn from the Oct 2015 ,Jan 17 and Jan 18 high. If this Long term upper trend line channel linebreaks, which measures apx 50 points, we should then target the 155 area. First stop old lows around 120. Eventually looking for my first Elliott wave target of 173. Plenty of newsflow still to come, which can act as catalysts to these chart targets. Saudis must be pleased and will no doubt increase production eventually, wouldn�t surprise me if they called off the IPO, now that they are back as the swing producer, assuming US is pipeline constrained. Plenty of new institutional buying in the ever popular PMO with my posts getting removed every time I mention names....buy tech stocks on highs or old school oil e & p stocks at relatively low historic levels. Feels like this has decent upside potential in my opinion, but then again I�ve been saying that for 3 years ;). Good luck to all that kept the faith, and those that bought crude flat price off cliff and rolled the backward action each month for the last 9 months.

How my list of new institutional holders got dusted. Possibly a good sign? Bit of a tree shake to grab some bargains, then maybe some news next week? Enjoy the sunshine,