Bahamas Petroleum Share Discussion Threads

[whoppy] 14/4/2020 23:31

Tom, Tom TOM, it's the duration you need to look at....9.1MMbpd coming off market from 1st May - June 30th, then by 7.7MMbpd 1st July - December 31st and 5.5MMbpd from January 1st 2021 to April 30th 2022. Work that out as a gross and it's enormous amount of barrels coming off market. ~ Please do some research.

Further cuts coming according to the Donald.

Donald J. Trump
✔
@realDonaldTrump

Having been involved in the negotiations, to put it mildly, the number that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10 Million that is generally being reported. If anything near this happens, and the World gets back to business from the Covid 19.....


Donald J. Trump
✔
@realDonaldTrump

....disaster, the Energy Industry will be strong again, far faster than currently anticipated. Thank you to all of those who worked with me on getting this very big business back on track, in particular Russia and Saudi Arabia.

[bigsi2] 14/4/2020 19:38

The real OPEC++ production cut is only 2.6 mmb/d.Cuts are based on October 2018 levels and those were 7.1 mmb/d higher than present.9.7 mmb/d cut only results in a net change of 2.6 mmb/d from March levels.

[linton78] 12/4/2020 20:36

Lol.

Happy Easter.

[lithological heterogeneities] 12/4/2020 10:07

HAPPY EASTER EVERYONE !

[hraj] 09/4/2020 22:46

Hows the residential muppet global. Did you take my tip and buy the dow on the dip. I bought the ftse as it moved above 5400.. and i added on increments as it dipped on 5600 and 5700. Like I said I dont do shorting.. so much of a laugh more than anything as my other positions have moved the right way too. Very good month so far.

[linton78] 08/4/2020 19:17

:-)

Time to shuffle some money around and beef up the BPC holding.

In for a penny...

[yon] 08/4/2020 19:02

Linton - I agree: now, what can I find down the back of the sofa......?!

[linton78] 08/4/2020 17:59

Time to top up...

[yon] 08/4/2020 17:30

Whoppy - thanks very much for posting those two links, the contents of which answer a lot if the questions I have asked several times on the LSE board i.e. how are current drillers managing the risk. I am very hopeful that things will be OK enough for us to prepare for October drilling.

[whoppy] 08/4/2020 14:31

Business as usual in GoM

[globalspecialist] 07/4/2020 22:43

BPC will never drill. They are bankrupt hahahahaha hahahahaha 👏👏👏👏8079;👏ԅ12;😀😀;😀😀😀

[hotaimstocks] 07/4/2020 22:11

bpc is a total gamble as most know that no recoverable oil will be found ? but wait for the drill and dump as the herd buy in lol

[linton78] 07/4/2020 19:16

88E had the dog license... BP must be laughing
(previous drill had oil shows and was abandoned).

[whoppy] 07/4/2020 19:01

88E had 3D that identified HC's, and they found HC's but it wasn't oil. BPC will likewise find HC's. Questions always remain on any drill. Is the volume and reservoir quality commercial, is it light oil or gas/condensate or heavy oil. If you have done your research, the answer to all these questions are known,where BPC is concerned.

[bigsi2] 07/4/2020 18:52

Single venture, poorly funded oil minnow Down 80% on a bad result ..The reason I never planned to have skin in the game for BPC TD.Doubt they will ever get TD but hey ho

[hotaimstocks] 07/4/2020 18:31

I would welcome more sellers as I wish to top up at 1p and then 0.05p as I did in 2018 ... bring on the SELLERS

[hotaimstocks] 07/4/2020 18:28

this will be 20p plus this time next year.

[globalspecialist] 07/4/2020 16:03

Clueless bin 🗑 boy expressing opinions on issues that he does not understand and is above his bin pay grade.

Loser bin 🗑 boy / you continue to buy BPC loser 👏👏👏

[linton78] 07/4/2020 15:50

O/T - A few people have been stung today on 88E.

Never good to see but that last RNS sounded a bit strange and unconvincing " oil shows "....

[globalspecialist] 07/4/2020 12:29

BTW - under no circumstances however touch BPC. They are going bankrupt. Go for really beaten up names like International Consolidated airlines etc.

They were priced for failure but governments will not let this international carriers go under and ICA has a very strong balance sheet as well.

[globalspecialist] 07/4/2020 12:28

I have started buying. However only 10% long (ie of total portfolio) now only. Volatility will remain as lockdowns are likely to be extended. You donot want more exposure and you should then add another 10% on every 1000 move on the Dow down or up unless these is a huge disconnect due to an unpredictable future development.

However at this stage you should start opening long positions although limit it to 10%.