Amerisur Resources Share Discussion Threads

[valentine] 16/12/2016 19:45

At full tilt Amer can only feed in about 10% max into the trans Ecuador oleoducto built at very great expense by chevron. chevron also paid mega-bucks for transgressions on tribal protects land. The latter maybe concerns them more. Chevron fine/compensation is gteater than Amer earning for.last decade!

[dayway123] 16/12/2016 19:13

The whole point is that he and his technical team have spent millions of dollars on a pipeline without factoring in the capacity of the exit route. How can you miss that? It's like building a house and forgetting the roof.

[lucyp00p] 16/12/2016 18:20

Yes JW must be stupid. Why on earth isn't he trucking full production around the country for $25pb when he could wait for the pump capacity to be increased along the pipeline and ship it for $11pb. Hang on, perhaps his critics are the dummies.

[blackdown2] 16/12/2016 18:01

The fact is that this management team has been in control for nearly 10 years and production is yet to reach 5,000 bopd. Not particularly impressive.

[valentine] 16/12/2016 16:24

The orange lizard once said Amer were a Thursday for news company as it can be digested over the weekend via media etc. Fridays were for sweeping bad or lesser news under the carpet. They not only have the weekend but three weeks or more to sweep vigorously. Someone knows too. Traditionalists to the core.

[lucyp00p] 16/12/2016 16:20

My last trade was a sell on Monday.

[francis55] 16/12/2016 15:18

The sad truth here is this company are artifically low in share price and as such open to a buy out that will not represent the true value of the company but it happens all the time. Watch out for Lucy she backs this company wheather its up or down so take what she say lightly, she might have another agenda and my suggestion is to buy and short this company approxinately every 3 months as its worked a treat for the last year and from what i can see will happen again. There is only very long term invester hope in this company to make money but i fear a take over will happen first. Ask yourself when ever in the past has he reffered to local politics as a disruption for poor performance... 23p once again on route soon.

[big7ime] 16/12/2016 14:55

It's their, THEIR

[dayway123] 16/12/2016 14:14

Lucy. People have the right to complain and criticise when they have invested their time and money over the years in the hope of a good return. But when you can see that slowly slipping away "yes because of incompetence" we ask the question why and not to dispel their judgement with silly remarks of not liking it go somewhere else.

[charlieeee] 16/12/2016 14:11

Lucy

Some of the biggest piles of the proverbial provide the best trading opportunities for the brave (witness that last gasp XEL spike which gave a multi bagger for some and a total loss for others)and you clearly know that, with your reference to entry and exit points.

Surely, even traders are entitled to express an honest opinion on fundamentals when the BOD have treated shareholders to a feast of lies or should everyone (LTHs or traders) just slink off quietly into the night and say nothing?

I posted this morning, in the hope that someone from the company does scan the board (they usually do) and I want them to know that they rank as scum, IMO.

[37bodie] 16/12/2016 13:37

Where's fsa watcher?

[rollthedice] 16/12/2016 13:30

AMER isn't undervalued based on current production & reserves ~ when they up both that'll change.

[lucyp00p] 16/12/2016 13:20

I don't understand. If you're convinced that Amerisur is run by crooks or idiots just sell up and find something else to invest in. Don't spend your valuable time barking at the moon. Don't spend £100k in the hope you might make a quick killing and moan on the same forum when you lose. It's disappointing, get over it. The reason the market undervalues this company is precisely why some people see it as a buying opportunity and vice versa. This is a share where good timing is rewarded as much as bad timing is penalised. Play the game, win and lose but if you think the whole thing is rotten why are you still here?

[valentine] 16/12/2016 12:41

1m @ 27p..someone has faith. A few more might restore mine.

[dayway123] 16/12/2016 12:01

Thought we'd be in a better position 2years ago with all that had to be announced and here we are now. This will happen again and again. It's just so disappointing.

[foiledagain] 16/12/2016 11:55

Not Good Enough

Heads should roll

Its not good enough to suggest output is because of a pumping station elsewhere.

You DO NOT plan a pipeline on this basis at all.

If you have a pipeline thats had millions of dollars spent on it with a 5,000bopd throughput entitlement, then its planned on that basis, or should be.

Some really lax management over this pipeline and what looks like a complete lack of technical skill at the planning stage.

Due diligence should have shown that not even the 5,000bopd would be possible without this upgrade

[oilandgas1] 16/12/2016 11:33

The share price movement all comes down to Amer communicating with the market and PIs, a single announcement in dec16 of

1) moving to 7.2kbopd production - missed!
2) 5kbopd through OBA - 2.2 now!
3) 4 well drills in the next 4 months with a schedule e.g. spudding dates etc
4) engaged in talks to get other oil into OBA in 2017 q1 - No news yet

So mostly disappointing news for the short term, so I guess 3 months down the road and we will be in a better position.

[bigbas] 16/12/2016 11:16

I guess Rex H knew about this long before we did and he acted on the info !!!!

BWTFDIK

[lucyp00p] 16/12/2016 11:14

The board won't volunteer for change. They're all elderly and won't get another job after this. Nor will JW come in and wield the axe. So change will by by force and it's probably too risky for large corporate interest. If that did come and investors bailed out at say 50p we would lose out too as there is still more up than downside to come. It's unlikely that institutions will try to force a change as most are supine at best. As for Tony Hayward, as I recall his last proper job didn't end too well.

[dayway123] 16/12/2016 11:14

It certainly is what it is, but not as it should be. UNDERPERFORMING!!