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In full force this morning I see .

BREAKING: Saudi Arabia and Russia make a verbal intervention in the oil market, holding a phone call and issuing a joint statement saying they are ready to take “further measures” if needed. Clearly both OPEC+ nations aren’t satisfied with the market reaction | #OOTT

I’m not in the industry so don’t understand the technicals but did I read somewhere that flow rates can change dramatically on young fields like HUR’s? Therefore making it harder to put a solid value on assets until provenwith consistent production?

I’m not knocking HUR I’m sure it’s a great co but serica hands down for me.

Neither can afford either?

RRE with 300M and can borrow 5-600 M on current assets alone? I’d say we can definitely afford serica.

(Insert face palm emoji)

Wow,wow,wow.

I’m going to hazard a guess you still live at home with your parents and have a pf value of around £500 Barny. Good luck pal but I have a feeling this game isn’t for you.

Lol look at all the bottom feeders coming out now. I love it

AA just needs to tie the knot with serica and we can sail off into the North Sea together and become one of the UKs biggest producers. Cash rich and a nice oil/gas split.

Bought more at 28.50. Lovely

Is oil about to turn bullish on us? I hope so !

Still think it’s heading north tommorrow myself. Oil price war ended and we know we have solid hedging in place to see this virus through, pmo seriously derisked now with multi bag potential.

It should be law for company’s to have their data accurate, no wonder we have never seen anywhere near true value there’s that match inaccurate figures floating about for us.

The demand from the two largest economy’s USA and China that are lifting lockdowns and kick starting their economy’s in cheap oil, along with most of Europe. These cuts have taken a huge volume out of the oversupply and the price will correct itself soon imo.

Crazy market, oil didn’t even touch $40! It has to form a base at $30 now surely.
Anyway, demand is returning this week and shale will keep falling so normality is coming. Buy more while you can guys

I don’t mean to repeat myself but it seems some people can’t grasp that the USA and China 2 of the worlds largest consumers are going back to work next week, shortly followed by Germany. And your saying 19M isn’t enough? Trump still wants to fill the SPR aswell as cuts, and storage has a lot to go before it’s anywhere nearly full. How anyone can be bearish about this is mind blowing.

Don’t be so negative oil man, £40 + please.

The numbers that got oil to rally back over the $30’s was 10-15M cut, we now have 19 in the bag with demand returning,If oil doesn’t hit $40’s + we might aswell all give up.

I will be jack, I do love a good gap up.

Maverick £15
Ammu £12.50
Rookie1 £12

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20p Tuesday?

New update ,gets better

Bakr
@Amena__Bake
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39s
The total cut between opec plus and the G20 and buying from the IEA will be 19-20 million bpd- sources #OOTT