Columbus Energy Resources Share Discussion Threads

[toploadermike] 03/12/2018 13:03

From StockMarketwire.com


Risk on sentiment helps lift FTSE and oil

StockMarketWire.com

The G20 summit had two big bits of positive news for the market at the weekend and that is firing big gains for the FTSE 100 today. By midday the index was up nearly 2% at 7,116.66.

Most significantly the US and China agreed an effective ceasefire on their trade war, this is lifting resources stocks amid hopes the move will help support the commodity-consuming Chinese economy.

Talks between Saudi Arabia and Russia also brought the promise of a co-ordinated effort in the oil market, only slightly soured by news Qatar is quitting OPEC. The oil producers' cartel is set to meet in Vienna on Thursday.

Futures markets are pointing to big gains in the US when trading resumes in New York later on.

[toploadermike] 03/12/2018 12:58

Nice John & hope it all plans out as you expect. I feel fairly OK with my chunk of CERP too, and really glad the .3 was not reached as that was my bottom level. Will probably wait for the up slide before putting in more but will wait and see for now. Happy days ahead.... :)

[toploadermike] 03/12/2018 12:21

:) just love these low prices for purchase John, but would love to see an upward movement more & soon.

ATB
TL

[offerman] 03/12/2018 12:18

Nice one Mike .

[toploadermike] 03/12/2018 11:16

Levelled down a touch again this morning at 11:09.

[offerman] 03/12/2018 08:43

Then shale will flood it bring prices back down once we get back to the 70s

[nexus7] 03/12/2018 08:41

Oil Jumps Most Since June as Canada Cuts After Saudi-Russia Pact

► Russia, Saudis agree to extend into 2019 deal to manage market
► Canada’s largest producing-region announced production curbs

Oil was jolted higher by efforts across the globe to support prices as Saudi Arabia and Russia extended their pact to manage the market and Canada’s largest producing province ordered unprecedented output curbs. Futures shrugged off Qatar’s departure from OPEC...




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WTI $53.50

[nexus7] 02/12/2018 11:50

U.S. Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply

► Production in September jumps more than 20 percent in a year
► OPEC committee said to suggest 1.3 million barrel-a-day cut


U.S. oil production surged to a new record in September, adding more pressure on OPEC and its allies to cut supply at next week’s meeting.

American drillers pumped 11.475 million barrels a day, the U.S. Energy Information Administration said, eclipsing Russia for a second month as the world’s biggest producer. That exceeded weekly estimates by 428,000 barrels a day, the second time in as many months that the agency revised its preliminary data sharply higher...

[ccr1958] 02/12/2018 08:24

The Saudis are effectively being blackmailed, by trump over the Kashogi murder !

[nexus7] 01/12/2018 12:46

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns

$50 oil is bad for the U.S. because it hurts American drillers and threatens to create problems in the credit market, Goldman Sachs' Jeff Currie warns.

President Donald Trump has been cheering oil's plunge into a bear market and urging Saudi Arabia to drive the cost of crude even lower.

Currie thinks Saudi Arabia and Russia will prevail in convincing Trump that price-boosting production cuts are necessary at this week's G-20 meeting.

Goldman's commodities chief on oil's price plunge Goldman's commodities chief on oil's price plunge
11:52 AM ET Mon, 26 Nov 2018 | 06:20
The rapid plunge in oil prices to $50 a barrel is bad for the United States and threatens to create problems in the credit market, warns Jeff Currie, head of commodities research at Goldman Sachs.

Currie's opinion is at odds with the view from the White House, where President Donald Trump has been cheering the recent oil market sell-off and urging Saudi Arabia to drive prices even lower. The president, eager to see gasoline prices fall, is publicly pressuring OPEC to reject price-boosting output cuts when the group meets with Russia and other producers next week.

[keiwi] 01/12/2018 10:32

MUCH!! more attractive xmas pressie last year...someone's off my xmas list for sure. I'd would have had the sack if I performed as bad as that for a year,...course the big boys will be happy...forget the tiddlers

[nexus7] 30/11/2018 17:03

Saudi Arabia Faces a Dramatic Choice at OPEC

► Saudi-Russia meeting at G20 likely to determine OPEC outcome
► WTI crude plunged below $50 a barrel for first time in a year

is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy...

[toploadermike] 30/11/2018 12:30

Thanks Nexus & Geoff :)

[geoff0458] 30/11/2018 12:16

Hi Mike I think opec meeting is 6th of Dec,for some reason I wrote in my diary.

[nexus7] 30/11/2018 12:16

TL, G-20 date meeting is 30 Nov. and December First.

[toploadermike] 30/11/2018 12:06

Nexus,

Do you know the date of the meeting? The G20 website doesn't give a schedule yet, only really says that they are all going out for a meal tonight. Nothing much else accessible at the moment.

ATB
TL

[nexus7] 30/11/2018 11:54

Saudi Arabia Faces a Dramatic Choice at OPEC

► Saudi-Russia meeting at G20 likely to determine OPEC outcome
► WTI crude plunged below $50 a barrel for first time in a year

The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy...

[arrynillson] 30/11/2018 11:46

SmoggyG - as you claim to have no financial interest in CERP this fixation you have for daily trading minutiae seems a bit like train spotting - that aside don't forget the big picture - Paul Griffiths, CEO of Predator said in today's share price boosting rns ' We are excited by this opportunity ( Guerrit Morocco) and by the potential for CASH FLOW FROM TRINIDAD CO2 EOR operations through 2019, which can underpin our plans to become a significant gas player to the European Gas market '

You don't seem to like discussing the PRD involvement in Lk's recently acquired SD portfolio even though I've pointed out a very educational media from PRD.PRD is 55% owned by management so it's a lot of their own money involved - unlike you giving advice on other people's money.

Re LK buying production - yes he did have to invest cash to massively increase Goudron production - only dreamers think it can be done with chat - your recommendation KOD suffered a huge loss after you bought in with that 0.13 Placing but I didn't see you posting negatively about that - seems like double standards 12bn!

[eggchaser] 30/11/2018 11:42

This chap reminds us of a used sweaty jockstrap after a curry!If only we knew who he really represents ;-)

[edgar222] 30/11/2018 11:29

So my "master plan" has been for a while now to take profits elsewhere and buy loads more CERP. So far so good.The issue, it turns out, is achieving profits. Who knew?IOG, Aminex and AAOG have all had their timetables slip for various reasons. The first two are sure fire winners. AAOG is an attractively risked punt (IMHO).Hoping CERP will stay at these ridiculous low levels a bit longer so I can load more. I fear that the next update and/or waterflood news will scupper my very cunning (master) plan.

[smoggyg] 30/11/2018 11:06

10:02:10 3.3800 7,100 O 3.2000 3.4000 Buy 170,581 0
09:34:49 3.3800 50,000 O 3.2000 3.4000 Buy 163,481 0
09:05:21 3.3800 74,349 O 3.2000 3.4000 Buy 113,481 0
08:48:26 3.3800 12,278 O 3.2000 3.4000 Buy 39,132 0
08:41:45 3.3800 13,545 O 3.2000 3.4000 Buy 26,854 0
08:40:35 3.3800 13,309 O ////// All buys but share price not moving,my guess is another big sell is being processed. Nice work for the MMs,they sell shares at 3.38/3.40p and get them back at 3.25p from the big seller.

[johnleslie] 30/11/2018 10:57

The information on the Steeldrum payment was very interesting thank you, it does answer the selling issue.
It also demonstrates a hidden cost albeit short term of these acquisitions when payment is made in shares to third parties who are not committed to Our company. Escrow is fine but the share sells will unfortunately reveal their ugly head at some point. It also shows how well the recent transaction through Schroeder’s ,MJ etc was carried out so shareholders don’t suffer the usual placement selling lag. Hopefully as the LK strategic plan moves forward all these transactions will be small beer. ATB