Amerisur Resources Share Discussion Threads

[eddie_yates] 28/12/2018 16:06

Hopefully this!!

[russiaguru] 28/12/2018 15:27

this, I3E, CASP or RRE for 2019?

[knackers] 28/12/2018 14:44

MMs order filling?



Could get lively later...

[mister md] 28/12/2018 12:11

thanks moneylender

[moneylender] 28/12/2018 11:23

Mr Rex Harbour, used to hold circa 150 Million shares, fell out with the bod over options and a seat on the board. Started selling his holdings from about 2 years ago. Most of his shares were acquired sub 10p so he still amassed rather a large profit, trashed the share price and allowed holders the chance to average down or enter at very favourable prices.

Thank you RH and a very prosperous New Year!

Edit: He is virtually all out now.

[mister md] 28/12/2018 11:05

can someone explain who is Rex, why they had such a large holding and why are they getting rid of it at these levels ?

[bryet] 28/12/2018 09:40

Rex will still be around for at least a couple of months but every day he gets weaker he will be a distant nightmare by middle of next year and that should be when we start to motor onwards and upwards.

[jotoha2] 28/12/2018 08:29

Test results should be with us next week ..........booom !

[lbrokes] 28/12/2018 08:27

Nice touch up to 16

[bigwavedave] 28/12/2018 07:56

Banks bet on a bounce in oil prices next year...

[thegreatgeraldo] 27/12/2018 16:45

Not sure what's happened to the UT chap..... was in this morning, but barged out of the way this evening.

[juuunx2] 27/12/2018 12:49

Hopefully bod will make use of low cost of drilling rigs and get cracking in the new year

[knackers] 27/12/2018 10:16

Somewhat bigger fish to fry than processing a non exec RNS m'thinks ;o)
Clearing the decks?

[chopper harris1] 27/12/2018 09:59

Yes, I don't think he will be a great loss. I hope he won't be replaced on the Board as by the sounds of it they already have enough directors to meet requirements.

But I see they've wasted no time in replacing Foss as chair of the remuneration committee. Important things first!!

[tyler durden1] 27/12/2018 08:45

Sorry to say I don't think Stephen stepping down is a loss to Amerisur. He should have fallen on his sword ages ago in my opinion, and the BoD should hang their heads in shame over the whole options situation. Nothing illegal, but so so damaging

[eddie_yates] 27/12/2018 08:30

No one gives a toss about the loss of Mr Foss!!
Good riddance to him and his willy nilly issuing of options I'd say.

[avsome1968] 26/12/2018 19:43

solid performance with the dow today also oil up its most in a day for 2 years all looks good for us happy days

[lbrokes] 25/12/2018 16:03

Nice insight on best gore dot com

[thegreatgeraldo] 24/12/2018 13:07

Regular UT chap had the day off.....

[knackers] 24/12/2018 09:42

One of the better assessments I've read, this by the FT, on what triggered the recent rout in POO - forget the fundamentals...


US shale’s financial blanket at risk of wearing thin in 2019

"The scale of US E&P hedging programmes is large enough, Mr Verleger has calculated, to explain much of the fall in crude since October. Once oil started to fall, tipped lower by the Trump administration’s decision to ease off on blocking exports of Iranian oil, and concerns about global growth, the delta hedging effect kicked in, turning the retreat into a rout.

This dynamic does not go on forever. Eventually the banks and other traders who sold puts will have fully covered their positions, and the selling pressure eases. Most of the options bought by the listed E&Ps, as disclosed in their regulatory filings, had strike prices between $50 and $60 a barrel for US benchmark West Texas Intermediate crude, implying that prices are under pressure when they are inside or close to that range. Now WTI is at $45.59 a barrel, it may become more stable.

Goldman Sachs suggested last month that once the delta hedging effect had played out, oil prices could “snap back”.


IMO the combination of these 'deltas' being worked through and fundamental supply rebalancing (at the margins) will see a POO steadily recover to $60-75 range. As Goldman say the 'span back' could be sudden, driven by a speculative polarity change and squeeze on hedging in the future (esp by E&P frackers).

Looking increasingly likely key OPEC nations (Kuwait, Iraq UAE) will formally agree to extend and/or deepen the production cut commitments already made. Both US banks and OPEC now at odds with Trump's drive for super low fuel prices. IMHO we're v close to 'peak' cheap oil. Sub $50 WTI not economic and certainly not sustainable.

[33mick] 23/12/2018 08:58

Three to buy
Amerisur Resources
Shares

Shares in this Colombian oil producer are on the rise following news of a “potentially significant” new discovery and a $93m partnership deal with a US energy firm. Amerisur’s “strong and growing production base” of about 5,500 barrels of oil equivalent per day will facilitate further exploration. Cash flow is “robust” and the resulting money reserves will act as a buffer should the oil price fall. On a forward price-to-earnings (p/e) ratio of ten, the shares look inexpensive. 13.5p

[gemlotte55] 23/12/2018 08:23

Thanks swerves 👍