Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
molokai, it would be a great move for all in that it fits with what we heard in Oslo ie, Europeans won't be back tracking on their oil morality whilst the poorer countries we have invested in have no plans of quitting their oil reserves before getting their fair share of oil wealth. Also, no need to share Hammerhead.
Phoebus, it's all about time frame of course, but I've written off J&J completely as far as investing goes - even with $200 oil.
The company's position, got it, thanks. While I'm here, how'd you feel about selling our Orinduik position and concentrate on Africa. My time frame has me seeing no future in Guyana while Tullow is in the picture.
harel, if you haven't been trading this stock over the past ten years you've been sitting on dead money for a decade - there is still plenty of money to be made trading. Eco has been a strictly a buy on the lows and dump on the news stock for as long as I've been holding. Keith Hill says I'll better my money by a factor of 20, enough for a retirement place in the Cotswolds, in the meantime I'll have fun trading.
davwal, assuming that wasn't a rhetorical question, I'd wait until the sp falls below 25p and then start accumulating - significantly when it hits 20p. 2/B could be another Joe & Jethro despite Garret's 60% COS, so I'll dump roughly half those shares when the sp reaches the point where it has paid for all of them. Rinse and repeat for Block 3B/4B? Not this time, not for this punter, I'll be all in, and more. 3B/4B looks too much like Exxon's Liza with Venus and Graff at the head of a long line of wells to come.
Keith is a player, but from what I've seen that doesn't necessarily translate into drilling for us. Exxon was drilling like crazy right next door to us whilst Orinduik remains quiet, I'm hoping the same doesn't happen in 3B/4B after the Graff and Venus success. It's about the oil, not the stock price for me, but I'd rather not see another slump this summer when I typically add.
Thanks davwal, much appreciated. I hope we don't have another Tullow on our hands when it comes to 3B/4B. I'd like to see something in the way of drilling soon and with Gil's being late delivering on his dates in the past '23 looks more than likely.
As well as running Africa Oil, he is also a director on the boards of Africa Energy and Eco Atlantic. Anyone here know if he is directly involved with Ricocure (Pty) Ltd, thanks.
Quite right davwal, in fact there are those that have been here for over a decade now.
harel, I agree there is something much larger afoot. Can't help the feeling Eco has become a shill/beard for Keith Hill.
Why not take out Eco?
This happens quite often on the TSX at this time of year. The usual explanation is tax loss selling where someone needs to offset gains whilst triggering a bunch of stop losses in the process . Over 800k shares traded whereas a few thousand a day is the norm. My question ... Was the MM out buying a flat screen on Black Friday.
Anything under CAD $0.33 is a bargain/buying opportunity.
Phoebus, I prefer a more optimistic view ie 'WE are not planning to drill in Orinduik next year' meaning Tullow isn't planning to drill itself but perhaps a new partner will.
Much agreed Dataman, especially after the recent Tullow announcement. If Gill could sit down at the same time/table with a prospective Tullow farm-in candidate in Guyana and get a similar arrangement in Namibia I'd be very happy indeed. Come on Gill, time to market both those 60% holdings, don't wait for Tullow.
A good take on the future Phoebus, and concisely put imho. Success on Fangtooth and I'll be adding.
Still have my shares. Bought in while in my fifties - at 70 I've moved on, but still enjoy popping in once in a while.
I wouldn't count on Exxon's interest in our block until there is some activity on Hammerhead.
https://oilprice.com/Energy/Crude-Oil/Trumps-Ultimate-Weapon-To-End-The-Oil-War.html
And more ... Some analysts say oil prices in the teens are not far off, while Paul Sankey, managing director at Mizuho Securities, said “Oil prices can go negative” in a note this week, as carried by Fox Business.
By Tsvetana Paraskova for Oilprice.com