Amerisur Resources Share Discussion Threads

[thegreatgeraldo] 14/12/2018 09:54

I wouldn't write the Saudis off just yet!! It's been done before - "Twilight in the Desert", got the book & the T-shirt.. & a fridge magnet

[bad gateway] 14/12/2018 09:41

No fair do's thats not a bad target.. for the quarterly dividend.

[mjones727] 14/12/2018 09:29

I used to live next door to Geoffrey Hughes many years ago. Top bloke.

[eddie_yates] 14/12/2018 09:26

Best of luck with that!!!

[mjones727] 14/12/2018 09:06

I have a target price here of 5p

[dgarvey] 13/12/2018 23:15

Cash position $49m up from $29m in June last year.All in all, a brilliant growth for a company with an MC of £180m.At some point, unless another good acquisition comes along, a dividend is likely sooner or later.

[westmoreland lad] 13/12/2018 20:22

Totally agree ACE. Respected poster for many moons including @ at Motley Fool.

Pause for breath here today with some profits taken from c 9.50p to 15.50p in a hurry. Can't blame folk for that.

The serious gainers here will be ums that wait for the next few RNS 's.

All IMHO -- GOOD LUCK !!

[aceuk] 13/12/2018 19:43

thegreatgeraldo as far as I am concerned you are a valued contributor to this thread.

[lucyp00p] 13/12/2018 18:35

Phone the bank

[gersemi] 13/12/2018 18:34

Oh, cheers for that...Put that down to my ignorance

appreciated

[thegreatgeraldo] 13/12/2018 18:30

Farm-out doesn't affect AMER's cash position, AIUI, Oxy are carrying seismic & drilling costs

[gersemi] 13/12/2018 18:24

Sorry to be a pain but what's the net cash figure at present following last week's farm out for $93m?

no need for exactness

thanks

[thegreatgeraldo] 13/12/2018 18:01

From seekingalpha,

"At an EIA Webinar November 16th, industry group DEPA claims the EIA is overstating America shale oil producer’s production by at least 6.6MM barrels of oil per month."

That's 0.22mmbblsd..... compared to declared crude production of 11.6mmbblsd

[tyler durden1] 13/12/2018 17:52

Its a fact that the EIA was set up to counter the IEA, but even there its a fact that whistleblowers said the IEA were under stating depletion under pressure from the USA.

In fact the EIA do not give accurate figures, they are forecasted figures and have been the subject of much complaint.

U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests




hxxps://oilprice.com/Energy/Energy-General/EIA-Capitulates-Under-Cover-Of-Darkness.html

hxxps://boereport.com/2018/04/26/rosy-outlook-for-wti-as-eia-overstates-recent-shale-production/

hxxps://theenergymix.com/2016/12/19/u-s-eia-drastically-overstates-tight-oil-production-potential-hughes-warns/

[thegreatgeraldo] 13/12/2018 17:33

Fair enough.....the "fake news" defence

[tyler durden1] 13/12/2018 17:27

as already stated, the EIA was set up specifically for the US. it cannot be relied upon. It has a vested interest in overstating production and export and where coincidentally exports can be whatever they say as they copied the Saudis method.

Do you really think Trump would be calling for lower oil prices if they were in a position to be exporting more than they bought?

He'd be calling for $100 oil to help balance their trillions of debt

Shale companies would be supporting it to help balance their books too after years of losses and still negative cashflow.

[thegreatgeraldo] 13/12/2018 17:09

tyler durden,

Re US oil prodution imports & exports.

Looking at last week's figures the US produced 16.2mmbblsd (11.6mmbblsd crude, 4.6mmbblsd NGLs) & imported 7.4mmbblsd of crude & 1.75mmbblsd of product. Exports totalled 7.8mmbblsd, of which crude exports were 2.25mmbblsd & product exports 5.55mmbblsd

hxxp://ir.eia.gov/wpsr/overview.pdf

[tyler durden1] 13/12/2018 16:53

edited the above after finding:


-Peanuts (legume)

-Almonds (seed)

-Cashews (seed)

-Brazil nuts (seed)

-Hazelnuts (real nut!)

-Pecans (real nut!)

[tyler durden1] 13/12/2018 16:48

Cashew is a pseudo nut job and hazel is a real nut.

Both are condescending pralines