Bahamas Petroleum Share Discussion Threads

[linton78] 12/2/2019 16:41

Well at least my RNS text alerts work... set up months ago while waiting for that near term update. Lol.

Good day at last here... volume up... maybe this is a leak??

[bigsi2] 12/2/2019 16:30

I would be very cautious over the sudden appearance of posters claiming - 20p easy on JV.a 400m market cap would be very far from a forgone conclusion- it would very much depend on the terms.

[bartender18] 12/2/2019 16:03

Well done on your buy yesterday Jotoha3, maybe you started the rally lol

[linton78] 12/2/2019 15:03

Oil prices rose on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by over half a million barrels per day.

International benchmark Brent crude futures were up $1.61, or 2.6 percent, at $63.12 a barrel. U.S. West Texas Intermediate crude oil futures rose $1.40, or 2.7 percent, to $53.81 a barrel by 9:45 a.m. ET (1445 GMT).

Markets are tightening because of voluntary production cuts, effective since Jan. 1, led by OPEC and its allies including Russia aimed at forestalling a global glut.

Saudi Arabia, the world's top oil exporter and de facto leader of OPEC, said it would reduce crude production to around 9.8 million bpd in March, over half a million bpd more than it pledged to cut.

....Bank of America also warned of a "significant slowing" in global growth, adding that it expects Brent and WTI to average $70 and $59 a barrel respectively in 2019 and $65 and $60 in 2020.

[johny cash] 12/2/2019 15:01

Pun intended ;)

[johny cash] 12/2/2019 15:00

There seems to be a lot of positive movement on the hole oil sector. Just take a look at the big boys on US market.

[bulgarian] 12/2/2019 14:48

You will find a similar pattern on MANY stocks.

Extreme caution advised where spotted.

[stewart4980] 12/2/2019 14:39

Bulgarian,

Get a grip the rampers did not drive the price up last time it was the exclusive period. That million trade would have helped today but let's hope there is more substance.


If that Degsy character appears ramping then watch him, saw him last time and at eme, he then disappears, he is as bad as de-rampers. I am sure it was him but DYOR.

[jotoha2] 12/2/2019 14:38

It went to 6p because of the confidential agreement , now if the Bankers have done their work and there is indeed a joint venture coming then 20p will be easy .

[bulgarian] 12/2/2019 14:29

Gonna have to motor to get back to the highs of what 6p+ when the rampers were in full tilt recently..

[jotoha2] 12/2/2019 14:28

MM are playing a blinder as usual , come on Mr Potter its time to come clean.

[whoppy] 12/2/2019 14:21

Just psychological, that those who sold might have to buy back if it rallies.

[whoppy] 12/2/2019 14:19

If there is anything to this then it should rally in the afternoon. But who know?

[martyn9] 12/2/2019 14:10

As i suspected earlier p&d appears to be the case today.

[novice2006] 12/2/2019 14:00

Seagreen, nice analogy and explanations, thanks.

[jotoha2] 12/2/2019 13:59

Linton , sorry my error , should of read sey , Bankers lunch time chat , am sure Potter will soon let us know .

[seagreen] 12/2/2019 13:56

Maybe its because there are more buyers than sellers.....some of the stuff talked about market makers is laughable........for every sell there has to be a buy and for every buy there has to be a seller and if there is a seller without a buyer or a buyer without a seller they move the price to where the order will be filled be it be by a market maker or an external party ....there has been steady but discrete buying for a while ....Same applies to horse racing ....the market makers are like the big layers on the rails who set the starting price .............likewise if there is a rumor a horse has been running like a superstar then they will shorten the price (in this case raise the offer)as they do not want to be over exposed....nowadays the market makers except for a few are not really allowed to risk the banks capital and take a view and they buy and sell and make the margin like the old jobbers.........there is in theory also a chinese wall between the market makers and corporate finance............likewise the relative iliquidness of aim shares can cause spikes and troughs ...anyway that is my pennyworth
If they jag the price down or up to quickly they can end up on the wrong side of the trade and lose the book a lot of money

[whoppy] 12/2/2019 13:52

1m buy at 1.625p

[linton78] 12/2/2019 13:51

Reports of a 1m buy above the ask?

@ 12.27 - just spotted it ...

[linton78] 12/2/2019 13:49

SEI? Where did you hear this jotoha?

[jotoha2] 12/2/2019 13:43

Some talk that SEY is looking to joining the party , don't belief it!!

[insideryou] 12/2/2019 13:39

Dont be stupid with only 1.4p available.

[dynamohum] 12/2/2019 13:22

You an undertaker c1 . . . . . Cos these are death throws, illusion , pure reflex , of course I could be wrong , something I admit I have not considered ,

[casket1] 12/2/2019 13:14

DynamoHum, Sorry, but your hair (and nails) do not continue to grow after you die. Your skin contracts and merely gives the illusion of growth, unlike BPC's recent rise.......let's see if it's sustainable before we all pat each other on the back !