Bahamas Petroleum Share Discussion Threads

[the millipede] 12/3/2020 12:41

"To infer that the current markets and global climate has not altered BPCs already shaky chances of securing finance or farm out is not just stupid it is downright dishonest - and smacks of desperation"

Completely agree. I know what I am about to write will go down like a bucket of sick.

In my view, the past few days have changed the equation here completely. Not necessarily for the long term viability of the project, but certainly for likely shareholder returns in the short and medium term, and perhaps the long term, depending on how long BPC can sit things out for.

IMVHO the coronavirus, and the oil price drop, significantly increase the chances of any potential farm in partner parking their interest for the next six to 12 months, and I think they increase the chances of the CLN providers deciding they would rather not provide any more funds.

There is no certainty. These things might not happen. BPC could still pull it off for April. They have done all the right things. But I think the short term risk is now very large that the drill won't be able to proceed this year because funds are not there. And what will that do to the share price?

[globalspecialist] 12/3/2020 12:29

Interesting to see there are no comments in this thread

More interesting to see that muppets are in hiding.

Most interesting to see THAT I AM THE MESSIAH

DOW FUTURES LIMIT DOWN 👏👏👏😀8512;😀

[globalspecialist] 12/3/2020 12:25

Interesting 🧐 to see 👀 global buying millions of share. More interesting to see that muppets should follow him and buy millions at such low prices.

Most interesting to see that these are such good prices. Buy buy buy.

[globalspecialist] 12/3/2020 12:23

Interesting to see buy price at the 87p party 🥳 🎉 price

Very interesting to see prices moving up non stop. Most interesting to see Exxon Bahamas new find of 20bn barrels

Wonderfully interesting to see that I just woke up crying 😢

[bunz3] 12/3/2020 12:17

buy price has moved up over 2.70 to buy

[globalspecialist] 12/3/2020 12:12

Interesting to see that I am buying all the shares. More interesting to see that all these buys is not moving the price up.

Even more interesting to see that we are limit down with Dow in the 22,000s level.

Most interesting to see is that I am in bed as I am so happy that tomorrow I finish the week in hospitality with friends in Cheltenham.

Enormously interesting is our conversations tomorrow over there - will be more on shares than horses.

[bunz3] 12/3/2020 11:09

are some of these larger buys from people who have sold out of other shares and moving money in here ,or is it people who building up shares as drilling gets closer

[grandwood] 12/3/2020 11:02

Bet they thought this was a great clause to put in at the time:

" In respect of this programme, Morgan Stanley & Co. International Plc
will make trading decisions in relation to the Company's securities
independently of the Company for a period from January 30, 2020 up to
and including April 27, 2020.
"

[grandwood] 12/3/2020 11:00

Shell still burning cash buying their own shares!

[bunz3] 12/3/2020 10:34

yesterday when share price dropped so much in morning ,any shorters may have been thinking they going to make money and the with the number of large share buys finished blue ,might not have been good for them ,with the interest from larger buyers seen at this share ,not easy to predict how share price might finish at end of day

[bunz3] 12/3/2020 10:31

the larger buyers who have been taking up shares past two days ,do they see lower share prices as an opportunity as drilling time moves closer each day a day closer to more news ,

[bigsi2] 12/3/2020 10:26

To infer that the current markets and global climate has not altered BPCs already shaky chances of securing finance or farm out is not just stupid it is downright dishonest - and smacks of desperation

[bigsi2] 12/3/2020 10:15

CAPEX currently being dramatically reduced by all O&G across the board...

[bunz3] 12/3/2020 10:11

again another nice sized share buy ,is it a number of buyers building up shares or some building up a nice sized holding as drilling date moves closer

[linton78] 12/3/2020 10:08

PageofCups - LSE board....


Please do not be concerned about corona or the oil price affecting a farmout deal. Exxon are looking years ahead. Projects of this nature need a lot of work before a drop of oil is produced. That work doesn't stop and is best done when costs are low, like now. Bahamas economy have been impacted by Dorian and now Corona and tourism for 2020 will be well down on previous years at a time when this can be ill afforded. Brings into focus the need for oil to deliver asap, if only to be proved as a reserve to at least give the Bahamas something as a new asset to boost their economy at a time most needed. Very keen for this to succeed and for BPC to drill.

[bigsi2] 12/3/2020 10:03

Who is this cretin commenting on every purchase/sell and ever change to Bid/Offer??

[bunz3] 12/3/2020 10:01

ask quote now moving slightly again ,

[bunz3] 12/3/2020 09:47

global ye t again another nice sized share buy is that you loading up more yet again this morning

[globalspecialist] 12/3/2020 09:38

Interesting to see that I AM THE REAL MESSIAH. HAHAHAHAHA

[globalspecialist] 12/3/2020 09:37

Interesting to see I am still awake although in bed. Interesting to see all other muppets working the bins harder than usual given recent developments.

[globalspecialist] 12/3/2020 09:35

Interesting to see news is soon. Very interesting to see it is news of bankruptcy.

[globalspecialist] 12/3/2020 09:33

Interesting to see that I am buying BPC shares again. Interesting to see that hopefully you all buy as well as we go towards bankruptcy.

Hahahahaha hahahahaha

[bunz3] 12/3/2020 09:33

the large buyers loading past two days as I assume pi have been selling as well as some buying ,is news close

[globalspecialist] 12/3/2020 09:31

Yes bunz3. The 817,000 shares were mine that I bought. I am buying much more and I recommend everyone to buy shares especially BPC. Hahahahaha
Hahahahaha

[bunz3] 12/3/2020 09:24

global was the the 817 ,000 share buys yours