Member Info for Skwizz

"Thirdly, the media and analysts need to start dividing their oil and gas assessments between the two main blocks, IOCs (Shell, Chevron, BP, Exxon, ENI, and Total) and NOCs (Aramco, ADNOC, Gazprom, etc.). The future of IOCs could be as BP paints it, because financial markets and investors are becoming increasingly conscious of the environment. There is a chance that IOCs face peak oil (and gas) production if activist shareholders and media/government pressure force them to become green. Lower investments combined with lower revenues, margins, and dividends, will be the major threat. NOCs and possibly independents such as Petrofac, however, could be looking at a bright and prosperous future. Even if the demand for oil and gas someday does peak, the call on NOC oil will increase. Lower production of IOCs will be shifting demand to NOCs and new incumbents.

Still, if there is, as indicated by BP and media analysts, the threat of a peak oil demand scenario in the coming years, it is the IOCs that will bleed. The lack of proactive strategies and the overestimation of their own power has become clear, even if it has yet to be recognized by London, The Hague, and some other places. The integrated oils of the past will be removed or substituted by the New Seven Brothers of the Future. Their margins and financial powers are different, making Peak Oil scenarios unlikely in the next 10-15 years."

https://oilprice.com/Energy/Crude-Oil/What-BP-Got-Wrong-About-Global-Oil-Demand.html

"Environmentalists around the world are having a field day this week as international media picks up on the oil market forecasts in the recently released BP Energy Outlook 2020. It appears the old theory of Peak Oil is back in the spotlight, with BP indicating that oil demand may never return to 2019 levels. Just as BP’s report was being digested, OPEC released a report cutting its global oil demand forecast by 400,000 bpd for 2020, predicting an average demand drop of 9.5 million bpd compared to its previous estimate of 9.1 million bpd. It predicted demand to grow by 6.6 million bpd in 2021, which was also 400,000 bpd lower than its previous estimate. The oil cartel blames COVID-19 related economic issues for the downward revision. While OPEC’s report did impact oil prices, it was the BP Energy Outlook 2020 that made bigger waves. Both suggest that the U.S. will face significant constraints in bringing oil demand back online but are slightly more optimistic about European and Chinese Demand. OECD oil demand is expected to slowly recover, but demand from the aviation industry is unlikely to bounce back anytime soon.

Its most recent report is not the first time that British oil major BP has made news in recent months with its push for a greener future. But its energy outlook assessment is probably the most shocking yet. The report indicated that if governments grow more aggressive in their attempts at reducing carbon emissions, demand may never recover from its current slump. It also stated that oil demand is likely to dramatically fall in the next 30 years, mainly due to the growth of renewable energy.

While the picture the report paints of the oil industry in terminal decline has grabbed headlines, there are several reasons that its projections should be viewed with skepticism.

The first reason is that, at present, the demand destruction we are witnessing has been driven by COVID-19, a Black Swan event that will – at some point – subside. In the meantime, many seem to forget that the demand picture was gloomy even before COVID came along, with too much oil on the markets and in storage. Eventually, IOCs and OPEC will have to act to counter this oversupply, and when they do, demand will react positively.

The second reason to be skeptical of this report is an economic one. Demand for energy and electricity is growing, not in OECD countries but outside, mainly in India, China, MENA, and Africa. These fundamentals are unavoidable. The economic and trade disruptions caused by COVID could even boost oil and gas demand, as a possible redistribution of regional production centers from the current China focus could increase the energy demand for transportation."

Yep.
All of that.
I see speculation about UKOG ever being a midcap.
For me it's about survival with the way it's being run.
Then I'll worry about getting to midcap.
;)

Not something I'm expecting, more of a "I wouldn't be surprised if"...

Sage', not trying to ramp this, just my own view;
I can see this exceeding 50% (0.3p) in the next Loxley run up.
If Loxley's approved, it may jump 150% (0.5p), or more.
It passed 0.55p on the build up to round one.
:)

On current conditions, maybe.
But things change.
Awful lot of people here depending on a change to see any of their investment back.
Not to mention the BR boys.
:)

There's been extensive coverage of this here.
It has also been reported [here] that Loxley2 won't be reviewed until October/November, at the earliest.
:)

There are meetings in September but the earliest we've been told that Loxley2 will be heard is in October, But there's some likelihood of it being pushed to November.
:)

You were wrong.
:)

They're waiting for Loxley#2.
Fortnight beforehand they'll begin banging on in that vein again.
;)

LOL!
(Dang!)
;)

*...reducing my purchase price by 0.05p.

I just read that back and realise it doesn't make sense.

Say one of my tranches was bought for 1p.
With a share value currently at 0.2p I can see it's going to be a while before that tranche's likely to recover any profit for me.
But, rather than have it sitting around doing nothing, I've risked a Sell if the price has gone from 0.2p to 0.25p.
So I've made a massive loss from buying at 1p and selling at 0.25p (75%).
But then I've bought back at 0.2p.

I still have the original shares, which were purchased at a lot more than current value.
But now I've bought at 0.95p, instead of 1p, reducing my purchase price by 0.5p.

There haven't been many opportunities to do this since it started falling (not worth taking this kind of risk anyway), but there have been several and usually they've been for a considerable gain (The "Loxley" planning meeting pushed the value up from below 0.2p to 0.55p, at one point).

Hope that makes it a bit clearer.
:)

For me (and I accept I have a cynical view), that kind of averaging here is as much of a risk as the original investment.
You're buying even more to reduce a loss, but you're still losing unless the value goes up.
I think it may be undervalued (a litttle), but the risk outweighs that.

I have reduced my average by trading whet I had left in.
So I bought in tranches from 1p, all the way down to 0.2p, but that has been my strategy all along; Sell when it goes up, hold/buy when it falls.
I have enough in now though and won't re-invest until I'm equals, or better.
As it's fallen I've continued to Buy/Sell (MUCH less than I did a few years ago) when an opportunity presented itself.

ie. I've sold some of my stake for a loss, if it went up, then re-purchased when it fell back, reducing the original loss.
I made a massive profit originally though so this is with money I didn't originally have so it's (kind of) not much more risk to my stake anyway.
But it has worked reasonably well and I estimate my avg buy for the whole lot is now 0.35p (from 0.6p).

This isn't how I normally invest and it scares the ***** out of me, but I post about it because, in my case, I have seen good results, well above anything I was expecting.
If anyone else were to try it I would wish them the best of luck, and hope they see results like mine, or better, but still caution them to think carefully about what they're doing.
It's worked extraordinarily well for me, before it began falling from 1p and after.

BE REALISTIC and don't listen to the boiler-room rampers, who only ramp for their own agendas and they really don't care about anyone else making a profit.
:)

The UKOG RNS from 3rd August didn't confirm any SCC meeting on 17th August.
The company merely stated, "The Company now expects the Loxley project to be redetermined by SCC in the PCM scheduled on 17 September."

I expect to win the Euromillions tonight.
But that isn't being held tonight either.

UKOG doesn't have the best track record of communicating updates to shareholders.
For anything!

:)

There has already been a lot of coverage on this board about the SCC/UKOG coverage being pushed to October at the earliest and possibly to November.

What does the meeting on 17th have to do with UKOG?
We're down for October at the earliest, possibly not before November.
Per S.C.C. Planning Committee.

Just one more on a whole year of idiots.
Listen to them instead of the evidence at your peril.

Remember these posters are wrong.
Wrong, wrong, wrong, wrong, wrong.

Evidence?
Sure.

QUOTE
=======
Mr.Investment
Today (20th August 2020) 12:42
Posts: 1,086
Price: 0.21
No Opinion
Don’t worry about that, I guarantee this will be 0.50p at some point within the first 2 weeks of September so load up and enjoy the free money.

Mr I doesn’t always turn up at the bottom and he doesn’t always sell at the top but there’s a free money guarantee with Mr I’s certified seal of approval here, buy now and let the hype on twitter around the planning decision do the rest. My prediction in the buildup, 500 comments a day on here, and 150% profit for me. Enjoy.
=======
/QUOTE

Very much enjoying your recent contributions, Brillo.
Someone after my own heart, tired of all the moronic carp which only detracts from anything useful info that might otherwise be gleaned from this board.
Usually humorous enough to compensate for some of their idiocy as well.
:)