Caspian Sunrise Share Discussion Threads

[davidblack] 15/4/2020 08:49

There are enough oil players in the US who oppose oil taxes to give Trump and congress cover.

This players such as Exxon and Chevron will be happy to buy up all the bankrupt shale plays at 2c on the dollar and park them as reserves ready for production in an above $70 oil world in years to come.

And for the US government that’s a second much bigger oil reserve in times of crises.

Any help Shale gets will be token only.

[xclusive2] 15/4/2020 08:41

DB,There has to be consolidation in the shale world. Wouldn't surprise me if they put tariffs on Saudi oil. One thing for sure, nobody's making money at current prices and low pump prices with reduced demand ain't helping anyone.Funny old game.

[davidblack] 15/4/2020 08:34

There were no cuts, simply a wheeze too get congress off Trumps back.

Whilst the politically Red oil states in the US “Want something done” Trump and both the Republicans and Democrats have no interest in raising the cost of gasoline, aviation fuel or heating oil for the northern states and jeopardise their re-election chances. Remember Trump can’t win without the Big rust belt States and he won’t win if he raises fuel costs in an election year where it’s bad economically.

So what do they get?

The Saudis get to play top dog, cripple Iran, kill expensive oil production from Canada, Venezuela, US shale, US stripper and old marginal fields around the world. And much better long term prices.

The Russians get to kick US natural gas out of Europe, complete the Nordstrean 2 pipeline, neutralise Germany militarily and get better long term prices for their oil.

And the US gets a massive Keynesian boost in a year of economic chaos, Venezuela falls politically, Iran may buckle and Trump gets an accomodation with Russia who will play nice post Nordstream 2 until its open after Trump is no longer President.

And the Germans get economic and military quiet on their eastern flank by buying off the Russians at a time when the US military commitment to NATO and Europe is lessening post Obama’s pivot to Asia strategy which Trump also supports.

And this is great for the Caspian Deeps who may come into production when oil is back to $50 and rising?

[xclusive2] 15/4/2020 08:30

Going to retrace on a down day but more opps as this is undervalued.Need some positive news out Clive.

[xclusive2] 15/4/2020 07:57

The market has receded knowing that the cuts are not going to to solve the over supply and reduced demand. It obviously will help considerably but obviously the market is not ready to push oil north. The US shale producers need it desperately but the US govt has made it clear it’s going to use the Fed to bankroll everything and as we know, that’s not possible.

All about timing re getting the economy going again as it can’t stay in closed mode for much longer. Herd immunity strategy has to be played out or most of us are in the shoite.

[jayrh] 14/4/2020 23:23

The cuts dont come in till may the 1st..

[xclusive2] 14/4/2020 21:04

Cuts not doing enough to combat demand destruction. If oil company share prices recede again, buy more I say ?

[davidblack] 14/4/2020 17:06

Apologies for being optimistic, at bit of a win on PANR has gone to my head today.

It won’t happen again I promise.

[xclusive2] 14/4/2020 15:51

You're being very assumptive there DB, by that I mean progressing....lolI'm expecting positive 153 and some excuse on the acid but we'll know by next week either way. Cmon Clive, noes the time for that special moment.

[davidblack] 14/4/2020 15:15

Wonder how the acid treatment is progressing?

[hallow] 14/4/2020 14:10

Nice drop there, thanks Clive.

[georgesorearse] 14/4/2020 12:30

I've done well on CASP took a few risky gambles recently and have been very lucky ... bought a few mill in 2s and 3's hit it hard from 6 to 6.346 last week so can go and play elsewhere till they sort out whatever they are going to sort out.

[xclusive2] 14/4/2020 12:07

Yep, it's on the list, as was NCYT ,TILS and PANR. Disappointed that i didn't make the jump on PANR in single figures, that was a steal as are many stocks. I've got c 85% of my cash in Casp and the risk is always that the day you move some out it decided to finally deliver a deep. A bag in Casp is worth x7 on other stocks because of my loading but heyho. I'm hugely overweight in Caspian but will leave it in to see deep conclusion, good or bad.

[georgesorearse] 14/4/2020 11:54

X2 - One I didn't mention is C4XD - Ive spent the last few weeks buying what I could get - was hoping it would drop back but noticed it mentioned a couple of times on boards ( once on here which I ignored lol )

The guy who gave me NCYT at 10p gave me C4XD at 8p with a very firm recommendation of what to research and where to look .. news due anytime on in from now ... not a one trick pony has a lot of molecules on the go - one near term is similar ( he thinks better ) than SNG's.

[xclusive2] 14/4/2020 11:43

Didn't realise that Kstan had so many national holidays, 20 in total v 7 in the UK. Next days off in May, Unity and Defenders day, must have less official holidays ?

153 reached TD on 2/4, 7 days for BH to complete cement job before perforation. Clive announced on 6/4 that 153 would be in production in 2 weeks so probably next week together with deep news. 153 should be a slam dunk, just need oil prices to increase to get operations moving again.

[dhb368] 14/4/2020 09:22

Very pleased with continued upward movement from CASP and of course PANR which I feel still has a long way to go, just don't understand NCYT at those levels though!

[timberwolf3] 14/4/2020 08:46

Would say ODX should do well after its weekend press coverage.

[xclusive2] 14/4/2020 08:43

TILS and NCYT are definitely performers ! and PANR today. We should have shallow news ready to announce but ops are obviously taking longer and patience, we're good at that, is required. No seller and thus should shift.

[maxim1999] 14/4/2020 08:40

BP , Burren , Tullow all currently down and CASP up. Confusing but encouraging.

[maxim1999] 14/4/2020 07:23

No news today but maybe better that the stock has a chance to rally with the market todag and then good news on 153 gives the price a further boost in the week ultimately taking us a bit higher . Come on Clive just one deep (to start with ) !!

[control1] 13/4/2020 19:52

The Fed has promised UNLIMITED funds, they are buying ALL forms of debt and funnelling unlimited money to the Wall Street banks to buy the big corporationsNothing will be allowed to fail and the Dow MUST go up along with crude prices, try the article on the petro dollar, very illuminating...

[dhb368] 13/4/2020 18:35

Can't see double figures unless we get some deep success, and I would be astonished if that were to happen anytime soon.

[credock] 13/4/2020 18:21

They are hoping for double figures this week on LSE site. Lets all hope so.

[xclusive2] 13/4/2020 17:38

153 a la 150 and 6-7p max.

Max, peeps have forgotten the speed the share price can shift, to 26p on A5 only without any shallow find. Yep, no Galaz now but that was a great deal and we own 100% of BNG, good or bad. Any deep will take us into double figures and if oil prices continue to move north and shallow program resumes, back through 20p range with the hope that BNG deeps can be conquered.

Personally I see the deep saga continuing for some time.

[maxim1999] 13/4/2020 16:54

I am hoping we get some deep news, but still trying to understand where the shares go on just the shallow fields and any other opportunities in the co. Might we get to 20 p news?