Member Info for Transformer1977

And agree here on the point that "market always adjusts/corrects overtime", and personally also see very significant gains here in HUR SP overtime.

Good post, and very valid today.

Agreed, "M&A floodgates to be opened", and for currently much undervalued assets.

Utilised the dips here to add and lower my average , now very much look forward to days/weeks/months of massive gains ahead of which I am extremely confident here IMHO.

Demand is slowly picking up, supply is dropping, investment has been seriously lacking in the O&G industry since late 2014 when crude prices plummeted, lost production cannot be easily restored in an investment lacking environment, and O&G still have no viable alternatives, at least for many many years to come! Hence, I can only see higher and higher crude prices ahead.

Demand is slowly picking up, supply is dropping, investment has been seriously lacking in the O&G industry since late 2014 when crude prices plummeted, lost production cannot be easily restored in an investment lacking environment, and O&G still have no viable alternatives, at least for many many years to come! Hence, I can only see higher and higher crude prices ahead.

https://seekingalpha.com/article/4352461-190-oil-j-p-morgan-thinks-possible

Demand is slowly picking up, supply is dropping, investment has been seriously lacking in the O&G industry since late 2014 when crude prices plummeted, lost production cannot be easily restored in an investment lacking environment, and O&G still have no viable alternatives, at least for many many years to come! Hence, I can only see higher and higher crude prices ahead.

Huge reserves in place here (and can even be potentially much higher), along oil prices moving a lot higher and gaining momentum, HUR is now trading at crazy bargain basement levels which IMO will certainly not last and therefore, only see massive upsides ahead.

Weststowpods, IMO KIE is now becoming the most compelling 'buy' within the whole FTSE! I believe the main reason why KIE has not yet broken out from it's current extremely low valuations is that there have been 1 or 2 institutional sellers here who are either selling to reallocate to faster moving stocks (many sectors like financials, energy, travel/air lines have been gaining momentum and moving up rapidly from very low valuations as lockdown restrictions ease), or could be selling due to cash flow issues (possibly the ex Woodford fund who held a whopping 14% most of which may be well unloaded by now), nevertheless as other stocks are completing their catch up, I am now very confident that KIE turn will come sooner than most expect and enormous upsides lie ahead here for patient investors, IMOO, and please DYOR.

IMO GKP has truly outstanding assets, and current SP does not reflect anything even close to fair value; I believe this is the very beginning of a long overdue upward move/correction towards a more realistic market cap, therefore we should see much much more upsides ahead here from these basically well undervalued levels.

Fizzing & popping hasn't yet even started, HUR is so much undervalued today, momentum is now just starting to build before the upcoming OPEC+ meeting, and I can only see massive upsides ahead here for the SP, IMHO.

As I've stated before, upside potential here is now simply way too big to ignore IMHO.

Upside potential here is now simply too big to ignore IMHO.

And fully agree, GKP SP should be well over 130p and is a strong buy also IMO. Brent now has momentum and is moving up nicely, GKP is currently significantly undervalued on all fundamentals, and somehow has every possible worst case scenario plus much more priced in it's SP, I can only see big upward moves from here now.
GLA

@BigBear, In that case, easily ~14 with Brent above $40 today and still climbing, also, OPEC+ meeting has not even yet commenced/concluded! IMO, main seller is already done, let's see if we also get some positives resulting from the AGM.

https://www.bloomberg.com/news/articles/2020-06-02/oil-holds-gains-as-opec-closes-in-on-output-cut-extension

And with a 45p PT for HUR as the cherry on top in it.

Nevertheless interestingly, Hannam & Partners have just issued a HUR SP target of 45p via same new report (relating link below FYI) and thereby, highlighting enormous potential upsides in HUR :

https://www.share-talk.com/oil-man-jim-company-oil-gas-podcast-blog-31st-may-2020/#gs.78qi5w

HUR SP is now clearly either at or very very near the bottom here IMO, although this incredibly low valuation makes no fundamental sense at all but that's markets! Therefore I believe we'll see a sharp rise in coming days and hopefully that should provide momentum for much further upward moves ahead.

The US now also wants higher oil prices. and there will be pressure on OPEC + to get their act together for June meeting, IMO, we are heading towards higher O&G prices for the time being and possibly longer.

@Fred, Brent Futures at US market close were up more than 5% post Trump speech (now nearing $38) which is around the price we should see on Monday's open (check your Bloomberg TV for exact closing prices).