Bahamas Petroleum Share Discussion Threads

[bigsi2] 20/4/2020 14:19

May WTI contracts now $10 40% dropIncredible

[bigsi2] 20/4/2020 14:14

https://www.express.co.uk/news/world/1264413/coronavirus-news-china-henan-hubei-wuhan-covid-19-pandemic-second-wave-lockdownStarting to see some confirmed and some unconfirmed information on a possible second wave already in China-

[jrr1] 20/4/2020 14:05

apologies if already posted....
hxxp://www.tribune242.com/news/2020/apr/20/us-call-halt-bahamian-oil/

[casket1] 20/4/2020 13:35

Part of the drop is due to the fact oil is traded on it's future (not current) price and the May contracts are due to expire tomorrow.

Have you quoted West Texas because of the BPC location as Brent Crude is twice that at $27?

[martyn9] 20/4/2020 12:37

ohh for a crystal ball to know at what level these will bottom out at.

[laallee] 20/4/2020 07:05

Big Si,
You need to get out more,,,,

[bigsi2] 20/4/2020 06:59

WTI $14.90

[linton78] 19/4/2020 15:07

Thanks Burtond.

[burtond1] 19/4/2020 14:24

https://twitter.com/tmsreach/status/1251860351169241089?s=21Here what Malcy thinks of BPC

[bigsi2] 18/4/2020 14:50

https://youtu.be/aTewPJ5b-5o Recommended - George GammonNot since 2008-2010 has MACRO environment mattered so much to a portfolio performance-As such common sense would dictate it's a smart idea to learn and gain experience from those who understand macro.Better than focussing on a single company/prospect through your own biases

[bigsi2] 18/4/2020 14:31

The good news -Tight oil rig count has fallen -122 (-24%) to 389 in first 2 weeks of April.It may fall another 200 in coming months based on WTI spot price-to-lagged rig count correlationThe bad news -Demand side going forward unknown U.S. GDP expected to contract 30-35%based on estimates by 17 investment analystsAs such - U.S. PHYSICAL OIL MARKET: WTI Midland: $19.27North Dakota Sweet: $9.04 U.S. PHYSICAL OIL MARKET: U.S. PHYSICAL OIL MARKET: WTI Midland: $19.27North Dakota Sweet: $9.04Louisiana Light Sweet: $20.27Utah Sweet: $8.97Wyoming Asphalt Sour: $1.71Kansas Common: $10.0Oklahoma Sour: $4.0South Texas Sour: $2.0Upper Texas Gulf Coast: $4.12

[linton78] 16/4/2020 22:22

Evening Whoppy and all shareholders,

This is a binary bet... oil or no oil...

This is why we are still here...

[whoppy] 16/4/2020 15:59

What is more of a factor is the potential volume of a find. It derisks a huge structure of 2Bn barrels.

[whoppy] 16/4/2020 15:45

Hard to get through to the naysayers that the time to drill an offshore well is while drill costs are at their lowest and rigs a plenty. The coronavirus is just a delay. As the company have stated, the situation has presented some interesting opportunities. For BPC, cost reductions are more important. With funding partners flexible, the delay of 6 months is not a deal breaker. Oil production on any find is not expected for another 2-3 years. Today's oil price is not a factor..imo, dyor.

[bigsi2] 16/4/2020 15:24

https://www.bloomberg.com/news/articles/2020-04-16/conocophillips-to-curtail-oil-production-after-crude-s-collapse

[bigsi2] 16/4/2020 15:24

Oil demand should rebound sharply once economic activity returns to normal - but currently when exactly that will happen is unknown. even if Q3 with majors and super majors now voluntarily reducing production and ruthlessly slashing CAPEX - you have to question the desire for new frontier EXPLO- let's be honest BPC were struggling to secure funds prior to crisis. doesn't inspire confidence for future prospect near to mid term

[bigsi2] 16/4/2020 15:00

Only worth a buy IMO for the subsequent pump if licence is extended-SP should drop significantly when the very unlikely October drill is postponed.could see some more death spiral loan conversion too.too risky for me presently

[bigsi2] 16/4/2020 14:56

"World oil demand growth forecast is revised lower by 6.9 mb/d...The contraction in the 2Q of this year is expected to be around 12 mb/d,with April witnessing the worst contraction at about 20 mb/d."sorry, I've nothing as reliable as a Trump tweet to quote - OPEC MOMR will have to do.https://www.opec.org/opec_web/en/publications/338.htm

[oilhunter2020] 16/4/2020 14:01

Hi guys, have put BPC to my strong watch list. Looks like a bargain at current share price level and on the massive way down I see a nice break away gap between 3.5 and 4.

With some sort of good news and supporting overall market situation there is a high chance that this gap will be closed.

But don´t know when to buy a parcel. Now or wait.

[bigsi2] 15/4/2020 17:02

WTI and Brent now at 2002 lows despite "cuts" after enormous inventory build-no end to lockdown in sight -storage universally almost at capacity And an estimated current 30m BOPD demand destruction.Trump Twitter ramps clearly being rightly dismissed in the short term

[bigsi2] 15/4/2020 15:53

U.S. crude + product comparative inventories rose + 22.83 mmb.19.3 mmb crude addition, 4.9 mmb gasoline addition & 6.28 mmb distillate addition dominated stock changes week ending April 10

[dynamohum] 15/4/2020 12:53

Dunning-Kruger effect . . . . . LOL LOL LOL


Don’t usually do Lols, but that deserves three . . . . . . 😂

[bigsi2] 15/4/2020 12:05

I'm getting told to research more from the same person who confidently said in MARCH that the markets were overreacting to CV19 - as it was nothing to worry about as his mate had had it. world economy wouldn't take a hit at all as China would inject stimulus. BPC wouldn't be affected by a virus at all as they are Bahamas based....BPC had signed a deal with Exxon and would drill for sure in April.need I go on?you sir a real living proof of the Dunning-Kruger effect

[bigsi2] 15/4/2020 11:57

My "research" comes from Art BermanOne of the most widely respected petroleum commentators you can hope to find -Your quoting Donald TrumpNuff said...Back to school with you.