Amerisur Resources Share Discussion Threads

[marnewton] 15/8/2019 09:49

Imagine, if you will, that this period of consolidation is a pennant (a symmetrical triangle), rather than what it appeared to morph into, to wit, a flag.

Ignore the two (down) days of the 'flag' as an aberration (flags and pennants often break down before resuming their up-trend), then the chart is merely back-testing the breakout. Standard chart behaviour.

Also a golden cross is in the offing (50 and 200 day MAs both moving up).

More important, at any time, is to be above the averages and that they are moving up!

We'll see...hostage to fortune, as usual;¬)

M

[lucyp00p] 15/8/2019 09:38

The company may be trying to sell itself, but it's not planning to give itself away, nor did it fire the starting gun on the process. Oil is not a bad word, that would be Trump.

[bryet] 15/8/2019 09:28

Oil is a bad word at the moment which is not good for the share price of any company that is involved with it. It will pass when reality dawns and things will get better but it has come at a bad time when the company is trying to sell itself...another bad call by Amer. Looks to me as that 25p might be the take out price which is the last thing I want rather they carry on regardless and hope for better times in the future.

[kaos3] 15/8/2019 08:58

I think, that due to the demographics and due to the tech development and due to the GDP structure we are going into a lackluster period for the energy (oil included).

what are the prices of the energy saying:
oil
gas
coal
uranium
logs

all pointing down imo.

energy is the biggest sector. and it just mimics macro trends of the humanity - which is going ......

I think of the energy sector as of "humanity" tracker.

[kaos3] 15/8/2019 08:52

I think its a run for liquidity all round.
Some need it now.
Some of us want it for the market correction scenario.
And some of us are in profit in AMER - descaling does not hurt.

It is all about now. can I find better story right now? If I can - it makes sense to sell. People not wanting to sell for a few years - are saying - I can not find a better story to invest in and I trust BOD for a few more years to bring AMER to its full potential.

Which brings me to the BB "code of decency". I do think that discussing other - better shares (to reinvest) is not a sin but is a plus - as long as it is done in a civil manner and sticking to the oil sector.

We know "all" about AMER. but there are many other stocks that we are not aware off and maybe it would be to our common benefit to share.

as many on this BB are VERY knowledgeable about E&P.

[rollthedice] 15/8/2019 08:43

Almost 4weeks now bobbing along in 17-19p range.. doesn't look like it's going any higher or is likely to break 20p without further news. R&M offloading doesn't help.

[foiledagain] 14/8/2019 21:33

FSA they were upping their holding at 12p

[davwal] 14/8/2019 20:45

Well if their selling depresses the share price a bit more one might have to take advantage..

[fsawatcher] 14/8/2019 19:56

river merc were appy sellin at 12p the dearft flockers

so 19p or 18p semm smarte to thems

[foiledagain] 14/8/2019 17:59

Probably balancing risk and selling a few of the low hanging fruit they plucked

[charlieeee] 14/8/2019 16:50

A lot of these funds now having cash withdrawn and forced to liquidate stock.

R & M also sold at the beginning of the process.

[blackdown2] 14/8/2019 16:49

It’s what they are holding onto that matters.

[avsome1968] 14/8/2019 16:32

River Merc sold another million seem happy off loading a few at this price.

[bryet] 14/8/2019 09:38

Mms might be trying to push this up but not working so far.

[pauliewonder] 14/8/2019 09:08

First trade of the day, 9 shares bought at 19.90p. Very odd.

[ashkv] 14/8/2019 08:37

It indeed is - my Amerisur shares are like my children. It is like stating my 3 year old child will only grow to 4.5 feet when I wish him/her to be 6ft6 :)

And repeatedly droning to boot that my child will stay stunted without any basis for the same :)

rossannan
13 Aug '19 - 10:40 - 23037 of 23064
0 1 0
ashkv

So calling this over 25% higher than the current share price is trolling? Really?

[tyler durden1] 14/8/2019 08:37

Just think of how Ponzi shale works then you will see through the foggy statistics designed to help keep oil price down by suggesting oil glut, even with loss leading shale.

Each lease has finite number of acres, each acre has finite number of wells, each lease has finite number of sweet spots.

Start off drilling sweet spot:
Drill 100 wells with 'estimated' IPP 1000bbls per well
RESULT 100,000bbls

6 months later without considering legacy drop in between
100 wells now producing just 500bbls per well
RESULT 50,000bbls
Another 50 wells have to be drilled to top up to the original 100,000bbls a day
Maintain 100,000bbls output

12 months
100 original wells now only produce 350bbls per well
35,000bbls

50 6 months top up wells now producing 500bbls a day each 25000

RESULT 60,000bbls, so another 40 new wells required to top up.

You have now had to pay out for the original 100 wells, an additional 50 wells at 6 months and another 40 wells for the year.

Production kept at 100,000bbls with the 40 new wells but its taken now 190 wells to keep the production originally set with 100 wells in the first year.

Yes you can raise production but only by drilling vast numbers of wells, but they can not be economic and sooner rather than later the number of legacy wells has eaten up the sweet spots, so even more wells have to be thrown at the equation in a no win fight because then there are even more legacy wells.

That is why shale oil doesn't show a profit even for the big players. They tried reducing spacing recently finding it then adversely affected other wells.

Red Queen Syndrome and anyone doing the figures knows its a Ponzi scheme.

Its been sustained by the Fed giving tax breaks, providing capital, companies selling assets, tapping up more investment, issuing more shares, but the result is the same...loss leading oil.

None of the above even includes the fact these decline rates start declining from day one (as do most wells), the difference is the massive decline rates, and amongst the above the earliest wells then produce even more losses kept going to avoid paying around $4m per well to properly decommission.

All this and figures show the number of rigs is being reduced?
So how can less rigs not only produce the vast number of new wells necessary to even maintain production, but allegedly increase production in a finite area, with finite sweet spots.
SMOKEANDMIRRORS

Why is it that Venezuela is so important to destroy? OIL

[ashkv] 14/8/2019 08:32

Just a forecast from the corrupt & incompetent EIA - which is constantly revising down :)

The reality is per below article :)

hxxps://oilprice.com/Energy/Crude-Oil/Will-Shale-Rise-From-The-Dead.html#

[ashkv] 14/8/2019 08:31

What a super troll - this XNJR is :)
Last post -->
"Sept Permian Forecast +75K bopd

[tyler durden1] 14/8/2019 08:09

operative word being FORECAST

Look at the legacy oil production changes for all regions

"Monthly additions from one average rig represent EIA’s estimate of an average rig’s3 contribution to production of oil and natural gas from new wells.4"

Now look the production from new wells, now look at the production drop from legacy wells.

Legacy wells increase all the time, so its impossible for production gains to continue and the cost factor means it is not viable.

For example they won't show the number of legacy wells, they won't show production per well? They literally try to hide the stats by giving production per rig.
Sleightofhand

[xxnjr] 13/8/2019 23:48

Sept Permian Forecast +75K bopd

[acv74] 13/8/2019 22:00

Not sure sidelined as such, I'm sure they can't say anything to anyone right now...no nudges or winks.

[avsome1968] 13/8/2019 21:19

Oil up $61.24 Amer down Hmmmmm, River and Merc sold a million sure someone will be happy taking them.