Member Info for Tornadotony

My last sentence in previous was reference to Covid-19

With regards to USA supply it has dropped from 13M barrels a day to 10.7M barrels a day week ending 7th Aug. A high percentage of current USA production is not tight oil (not fracking). USA consumption pre-Covid 19 was 20 M barrels a day and was down to 14.7M in May 2020. In May, Japan was down in demand by 1.4M, Canada down 0.9M, Japan, Germany and Brazil down 0.3M each. Going the other way was a recovery of 1.8M in China and 0.3M in South Korea. So the key is very much a demand recovery in the USA. Some demand in Germany has probably arisen since May and certainly up in Saudi Arabia. As I mentioned August oil buying by China dips and it rebounds in September.

At the present time we have Europe trying to prevent a second spike and US recovering from a second spike and trying to maintain progress.

10% in my street.

0ver 40 cars filling up or in the queue. My own mileage is certainly going up. Bought loads of paint. My house will be the fourth (10% total) getting externally painted. Jet fuel use zero but everything else up.

Still have divi dodge short. The short closed covers sacrificed divi.

Davtock

A host government will only allow production from a new well on completion of all mandatory well tests. The key is that there are no reportable issues to date.

Managed to get 1226.

Hi Tony,



Yes, various flow tests are currently being carried out. More information will be provided on initial production from the well on the 9th September.

Received from the company regarding the new TEN well.

First clue is on the Fresnillo chat board. It does not take long to back that story up.
Second source also warned me of over egging the story behind Pensana who did a lot of research and they are well respected on LSE but that source is confidential.
Third this share is starting to behave as a pump and dumper.
Fourth was a few comments in the Crux interview that bothered me.

I could be wrong but a profit is a profit and I have experienced losses on AIM before. The advice touched the one doubt I was having. By all means make your ow investment decision, but you all know I felt uneasy and my position is now out. The share may rocket up tomorrow and I genuinely wish you all the very best.

Thanks for the warning. Took the gain covers my 1020 exit to 1170p

Just took the profits. Robbie I am not so sure.

Not good

Chased Tullow ntomme well. Hopefully will hear soon.

Reminded me Ntomme

More likely 12.2p ish not cents. Held all mine for divi.

First small buy after being out 30 plus days. Happy to average down with more buys as some of you know is my preferred way of building positions. Have done well with the Fres recirculated funds in other stocks especially Pensana where I hold from 20.7p. (That one reports next month and is genuinely worth looking into if you love miners.)

I share this crucial info as I have organised peer review of research in the past. Tick recommend if you want others to see.

Experienced Civil and Public servants never dish out bad peer review news on a Friday as God needs to help you on Monday if you do. It ruins family weekends and energises controlled surgical anger with correspondence landing all over the place, it certainly will happen on a Friday bad news delivery. Bad news comes out Mon-Weds. So if no RNS in the morning the good news window closes and lowest bad news chance is gone for another week. Only a novel peer review manager is inexprienced enough to issue bad Friday news.

Relies on a hail Mary oil price increase overnight

I can not see a reason for a breakout without actual news.

I am keeping 43% for divi and managed to sell the rest at no loss. I am now holding BP at average weight and allows average down if things do not go well in the winter.