Amerisur Resources Share Discussion Threads

[westmoreland lad] 16/9/2019 21:11

Thx Tyler urm D or 19. Some of us old lags here need some encouragement v being kept in the dark by the CURRENT management and treated like pieces of shonet.

[tyler19] 16/9/2019 20:56

This article appeared in the evening standard a couple of months back, it seems to imply a lot of potential interest in Amerisur. I wonder what their sources are? If the sources are reliable then should bode well.

[mrx001] 16/9/2019 16:45

haha, it is all the other days in front of that one day that concern me.

[bountyhunter] 16/9/2019 16:19

you will only have to wait a day with this share :)

[juuunx2] 16/9/2019 16:07

Yeh your probably right I've thought about selling so many times. I'm hoping I'm gonna get jam soon

[jibba jabber] 16/9/2019 12:53

You have to remember there most likely will be margin traders forced to sell on the deadlines.

[lauders] 16/9/2019 11:41

Perhaps some are selling here to re-invest in other oil companies because they don't want to wait and see better oppurtunities elsewhere given the Saudi developments? I remain an AMER holder for my sins and haven't sold a single share since the potential sale news appeared on our monitors!

[lucyp00p] 16/9/2019 11:18

Can't get my head around all the low ball sell side action here today. Why wait for oil to pop before selling out at 2 month lows and below the tabled bid? If there is logic here, then I absolutely can't make money investing in shares.

[thegreatgeraldo] 16/9/2019 11:05

Indeed charlieeee. They haven't assessed the damage yet..... unless some conspiracy theorist is claiming that the fires at Abqaiq have been photo-shopped, it looks pretty serious.

The other issue is the sudden, unplanned shutdown/severe choking back of production wells.... that could cause serious long term damage.

[charlieeee] 16/9/2019 10:43

It is all very well drawing on reserves, but that long term clearly reduces any margin of safety.

Some countries, such as Russia, who have been supporting the OPEC cuts with the objective of increasing prices, may oblige, but that is not a given.

What I think is not being factored in yet, is just how long it will take to get the SA production facility back up and running: no point pumping extra oil if it cannot be processed. From the pictures, it looks like a major engineering project (probably with bespoke parts to be be imported): even the technical expertise to assess the damage will take time to organise and complete. In war zones where facilities and wells have been taken out, these only come back on line (if at all) in years, not weeks: the possibility of a repeat episode cannot be ignored, making that analogy more appropriate.

All the uncertainty of a real showdown in the middle east: not a prospect any sane person would relish, even to see the share price here increase!

[tyler durden1] 16/9/2019 10:43

Yes, so much oil in the world that we must put Venezuela and Iran in the crosshairs...coincidentally one has the largest oil reserves in the world, the other has oil, so did Iraq. Pure coincidence

WEWANTYOUROIL
as there is so much of it?

[ladeside] 16/9/2019 10:36

I can't believe poo has risen by nearly 10% but yet we're down !!

It also looks nailed on that the yanks are going to use this as their excuse to attack Iran so surely the only way is up (as Yazz would say).........

[bountyhunter] 16/9/2019 10:17

Yes especially if it was spudding of Indico-2!

[rollthedice] 16/9/2019 10:05

Oilers rising left, right & centre but as expected 17p is now acting as resistance here. Some operational news would be welcome while we wait for any formal move(s) for AMER.

[d1nga] 16/9/2019 10:04

filter is quite useful for nutjobs

[thegreatgeraldo] 16/9/2019 10:02

Stick to your Flat website...... sure you have plenty of wackos following you

[tyler durden1] 16/9/2019 09:59

it seem like you were asleep

To use a quote you might recall

"You've swallowed the propaganda.... you'll choose to ignore that simple fact because you're clearly not very bright"

[thegreatgeraldo] 16/9/2019 09:58

zzzzzzzzzzzzz.....

[tyler durden1] 16/9/2019 09:52

thegreat

yes you do that because they have such a good reputation for accuracy don't they?

Marcellus shale was finally downgraded by 800%

Weapons of mass destruction?

You really need to revisit history.

The same is true with gold figures

If you weren't aware of the secret leaked cables between US and Saudi over Saudi not being able to increase production and massively overstated reserves perhaps you should acquaint yourself.

They also are ably assisted by the UK, as they are in suppressing gold and silver:

"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."

[tyler durden1] 16/9/2019 09:49

Currently the EIA suggest that the US imports 9,239,000bbls per day, 1,699,000 of that via OPEC, 7,540,000 non opec, yet it includes in that oil exports from UK when UK is not self sufficient?

It includes oil imports from Turkey, who are not self sufficient?

it includes 4000bblsoil imports from Sweden? They are not self sufficient, and produce less than that according to Swedish oil figures?

It includes 40,000bbls a day from Spain, who are not self sufficient and where Spanish figures suggest the production of oil in Spain in June 2019 is just 250bbls a day?

Mexico December 2018 claims production of 1,813bbls a day, which is dropping like a stone. Mexico consumes over 2,088bbls a day, yet US claim to import 571,000bbls a day from Mexico.

Go through all the figures and you will see the oil glut is a fantasy and why Venezuela, Iran, Iraq, Saudi receive so much attention to seek oil and do anything to get it.

[thegreatgeraldo] 16/9/2019 09:44

Official US figures, published weekly,

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

[bountyhunter] 16/9/2019 09:42

Cheers Tyler, a bit of a red herring then designed to calm the markets ?

[thegreatgeraldo] 16/9/2019 09:38

Indeed, the US is a big importer of crude & product..... it's also a rather significant exporter of crude & product.....

Believe the published US figures or some greater authority on tinternet