Amerisur Resources Share Discussion Threads

[moneylender] 09/2/2018 11:23

Plus $45M in cash at the Bank, all for 17p

Whats not to like.

[moneylender] 09/2/2018 11:22

Interest in the Blocks

[moneylender] 09/2/2018 11:18

From last years AGM presentation. Plenty of scope to rise from here!

[rich2006] 09/2/2018 09:49

One certain commodity affects inflation more than any other... oil
Low oil prices give lower inflation and as such lower interest rates.
If I was a conspiracy believer, certain large economies/institutions could keep oil prices lower during financial crisis’s to help kick start the economy. They would not want the oil price to increase too fast as this would increase inflation and interest rates too quickly.
How much oil do the U.S export.?? Always in the news about how much is exported, this is Lighter oil
How much oil do the U.S import.?? When was the last time this was in the headlines.??
U.S storage is always in the news. Even when the storage was nearly full the U.S still imported 5m barrels of oil why.??
The U.S want a low oil price, gas guzzling cars/Suv’s/Trucks etc.
It also puts financial pressures on other countries “Russia” “VenezuelaR21; etc which funnily enough have sanctions on them.
Now where’s Elvis.?

[foiledagain] 09/2/2018 08:43

So how much did Amerisur share price gain when these other shares were inflated by QE way above sensible P/E valuations.

In my opinion its all good news for Amer. Higher interest rates in particular.

With netbacks one of the best in the industry and no debt.

So I'm none too worried and will pick up as I divest some of the other assets.

Do you realise how perilous the debt situation is for U.S. shale operators including big players. Many will be forced to exit shale and many will have to bolster reserves from acquisition

[pembury] 09/2/2018 08:24

of course there is worry what the dow/ ftse does! knock on effect showing everywhere.
dow off another 1000+ points, oil getting smashed back too.

[foiledagain] 09/2/2018 08:07

No worries at all whatever the dow or fTSE does.

In the main this correction was caused by interest rates.

Prospect of higher interest rates whereby P/E on some shares is way overdone. Prices of such stock were pushed higher by ZIRP and NIRP, so now with prospect of higher and in my opinion more realistic interest rates.

For Amerisur no such problem exists, it has no borrowings, it is cash generative and its not been a share that has been buoyed up by the QE exercises.

Higher interest rates will kill off shale and the economic indicators show growth.

With purported US10,000,000bbls a day, at last half being non viable shale, that amount of oil out of the system means more profit for Amer

[alfieduncan] 09/2/2018 00:34

Might get some positive news re Ecuador in the coming weeks.
Here’s hoping. Hold tight.

[bryet] 08/2/2018 18:00

If we start next week still going down we could end up in free fall we need the price to hold tomorrow to give us a base to move forward on Monday good luck to all holders.

[pembury] 08/2/2018 16:47

yep dow could get much worse yet unfortunately

[rollthedice] 08/2/2018 16:28

Dow -430 & wti <$61 so not exactly a positive backdrop but disappointing performance again all the same for a company raking it in / 'safer' than most with no debt :(

[pembury] 08/2/2018 16:21

happy days, cliff edge share

[eddie_yates] 08/2/2018 15:57

I wonder how the end of year reserves calculations are getting on??

[dodge city] 08/2/2018 15:27

Don't forget Malcy says it's a good stock, so it must be.

[utsushi] 08/2/2018 15:19

If this stock were the bubbles in a champagne glass it would be considered flat at the moment, you might send it back to the head waiter-or even leave the party early!

Certainly not a Gem, but perhaps we can afford to be patient, ahead of a 16 well high COS drilling campaign, and current environment where the company receives $50 a barrel Netbacks on Oil WTI $65.

[foiledagain] 08/2/2018 15:00

Amer purchases seem a safe long term home or until Amer is no more after being swallowed up sooner.

[harrisun] 08/2/2018 14:24

'Because the U.S. Shale Oil Industry was a Ponzi Scheme from day one, the shale oil companies had to design clever investor relations presentations to bamboozle, hoodwink, swindle and hornswoggle investors from their money. "

[al101uk] 08/2/2018 11:59

The share price peaked in mid-2014, I'm not sure the word "could" is relevant in this context.

[bryet] 08/2/2018 11:55

This will bottom out at some point but I can't see it being this week looks like we could be in for a long haul back.