Columbus Energy Resources Share Discussion Threads

[arrynillson] 10/12/2018 15:17

SmoggyG - couldn't honestly say I'm upset by your losses on MRS but when I wished you well it was sincere as its bad form to gloat about another's misfortunes but I make an exception in your case because there is the chance you may change your ways! I see your disgruntled ' fan base ' has multiplied since the latest loss making debacle over on MRS - time for another change of moniker 12bn?

[nexus7] 10/12/2018 15:09

OPEC+ Succeeds, What’s Next For Oil?

Oil prices spiked on Friday on news from Vienna.

OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were a lot of competing interests at play, but the agreement offers a little bit of everything, enough for all parties to walk away satisfied.

The headliner is the 1.2 million-barrel-per-day (mb/d) cut beginning in January, with a review scheduled for April. OPEC will shoulder 800,000 bpd of the total, and non-OPEC countries will take on the other 400,000 bpd. The baseline used to measure the cuts is October production levels.

The cut is larger than some analysts had expected, especially given the rumors swirling on Thursday about a cut of around 1 mb/d. In fact, one could argue that the group cleverly managed market expectations, lowering them on Thursday only to surprise the market with a larger cut on Friday. Prior to the meeting 1.2 mb/d might have been considered a middle-of-the-road cut, but after the seemingly tumultuous set of meetings on Thursday and early Friday, a 1.2 mb/d cut ends up looking like a highly successful result...

[nexus7] 10/12/2018 15:04

Russia’s Oil Production Cuts To Take Months To Implement

After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia “months” to get down to its requested level.

While there were no specific figures or targets released to the public for each individual member of the OPEC and non-OPEC groups to hit, non-OPEC was saddled with a 400,000 bpd burden, while OPEC itself agreed to cut 800,000 bpd. Unofficial sources, according to Tass, has Russia’s portion of the cuts pegged at 228,000 bpd, which is 2% of its October levels...

[smoggyg] 10/12/2018 14:45

arry,do you feel upset as well? :)

[arrynillson] 10/12/2018 14:36

SmoggyG - where is bigDigga when you need him to buy up those MRS shares - down 10% today - are you going to buy more to help out or do you think it will keep dropping TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRR!

[smoggyg] 10/12/2018 13:38

You sound annoyed Northpole2,losing a lot here are you?

[northpole2] 10/12/2018 12:01

Smoggy/12bn. I've just been reading your posts from the past couple of weeks, I've been away (which having read your posts was a good thing). You are just like an old stuck-record, same old story every time. Same old story. Same old story. It's very boring now!

Why do you do this, waste your time having a go about a company you say you don't believe in and you think will crash and burn? Just go away. Do everyone a favour and give it a rest. Spend your time doing something more valuable. Take up knitting, join a badminton club, do a crossword, go on a holiday. But stop boring the pants of everyone with your juvenile and very tedious posts. We have read them before, there is nothing new. Nothing.

Quite simple really. Get a life! I think knitting would be best for you come to think of it.

[smoggyg] 10/12/2018 11:42

Lind issued monthly with millions of 4.5p shares SELL at 7,25p! Free CERP 12bn dodge city Sat 29 Sep 09:50 1239/////// Shrewd dude that 12bn,spot on header,what say you arry?

[smoggyg] 10/12/2018 11:40

Dead cat bounce here today arry,don't get too excited as it is only 1.5% and I am sure normal downward service will be resumed soon. Pity that you never sold at 7.25p,you must feel a right fool. :)

[arrynillson] 10/12/2018 10:48

SmoggyG - I’d seen your appalling previous advice based on blatant ignorance so your recommendation is like a red or black casino tip, although looking at your latest disaster MRS it’s more likely to end up on zero - what are you like 12bn!

[smoggyg] 10/12/2018 08:18

COLUMBUS ENERGY RESOURCES ORD 0.05P KEY NUMBERS
Latest Share Price (p) 3.25 Net Gearing (%) 2.06
Market Capitalisation (£m) 27.25 Gross Gearing (%) 17.78
Shares in issue (m) 830.88 Debt Ratio 7.21
P/E Ratio -3.49 Debt-to-Equity Ratio 0.36
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.22
Dividend Yield (%) 0.00 Price to book value 1.30
Dividend cover (x) 0.00 ROCE (%) -22.24
Earning per share (p) -0.94 EPS Growth (%) -347.62
52 week high / low 7.10 / 3.20 DPS Growth (%) ///// Note the market cap of £27.25m for a loser of £4m per year! The oil price is over 20% off its recent highs and the US has just become an oil exporter for the 1st time in 70 years,due to shale oil production! Note the share price is less than half the 7.25p price I suggested you sell at arry! :)

[nexus7] 08/12/2018 09:36

From bigmj Fri 16:08
-------------------------------------
RE: Thank you MJ.

Plenty more cash I am prepared to put in here if I believe the share price undervalues the business and opportunity

[nexus7] 07/12/2018 19:57

Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive

Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease in the number of oil rigs.

The total number of active oil and gas drilling rigs now stands at 1,075 according to the report, with the number of active oil rigs decreasing by 10 to reach 877 and the number of gas rigs increasing by 9 to reach 198.

The oil and gas rig count is now 144 up from this time last year, 126 of which is in oil rigs...

[toploadermike] 07/12/2018 17:50

Thanks John and TG, much appreciated, I was checking and saw the same but as there was contradicting news wasn't 100% sure as they had previously stated earlier in the day that there would be not agreement today as they had fallen out and would not isolate Iran from the cut...

Thanks again :)

ATB
TL

[the guardian] 07/12/2018 17:06

tlm, I sat watching Bloomberg news on TV from 12.00 with my laptop showing the live crude oil graph. Once the agreement had been made, it was shown as breaking news and the price of oil shot up 5% but I did notice that there was still confusion afterwards whether the deal had been agreed or not.

[arrynillson] 07/12/2018 16:37

SmoggyG - I've noted the market capital of £27.25m for a loser of £4m per annum - I'm speculating people investing in CERP do more research than you and are more forward thinking than you - can appreciate the high growth potential and are comfortable being here at these prices - no one obliging you to join in although even you seem to appreciate the business case for drilling SWP.

The reduction in WTI is not a problem for CERP as at WTI $50 CERP need more than 40% rise before they achieve an increase in net yield assuming the full rate of SPT ( in practice they will have expenses to offset) - thought you knew these things 12bn!

[smoggyg] 07/12/2018 16:28

15:37:58 3.2200 51,612 O 3.2000 3.3000 Sell 341,596 1,432,698
15:30:32 3.2250 2,791 O 3.2000 3.3000 Sell 341,596 1,381,086
15:26:10 3.2250 23,178 O 3.2000 3.3000 Sell 341,596 1,378,295
15:25:12 3.2250 2,938 O 3.2000 3.3000 Sell 341,596 1,355,117
15:15:30 3.2200 8,895 O ////// Lots of sells into the close arry.

[smoggyg] 07/12/2018 16:23

COLUMBUS ENERGY RESOURCES ORD 0.05P KEY NUMBERS
Latest Share Price (p) 3.25 Net Gearing (%) 2.06
Market Capitalisation (£m) 27.25 Gross Gearing (%) 17.78
Shares in issue (m) 830.88 Debt Ratio 7.21
P/E Ratio -3.49 Debt-to-Equity Ratio 0.36
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.22
Dividend Yield (%) 0.00 Price to book value 1.30
Dividend cover (x) 0.00 ROCE (%) -22.24
Earning per share (p) -0.94 EPS Growth (%) -347.62
52 week high / low 7.10 / 3.20 DPS Growth (%) ///// Note the market cap of £27.25m for a loser of £4m per year! The oil price is over 20% off its recent highs and the US has just become an oil exporter for the 1st time in 70 years,due to shale oil production! Note the share price is less than half the 7.25p price I suggested you sell at!

[offerman] 07/12/2018 15:59

Here you go Mike https://www.google.co.uk/amp/s/www.wsj.com/amp/articles/saudis-still-skeptical-of-opec-coalition-cuts-1544178705

[arrynillson] 07/12/2018 15:47

SmoggyG - unlike you I'm not overly bothered about short term movement- the fundamentals are moving in the right direction here - that you don't keep up with research so don't see it is not my problem - others seem to like the plan as well and are not obsessed with ' All Our Yesterdays ' !

[toploadermike] 07/12/2018 15:44

As Nexus says there are varying reports.
On the share price it's good to see the MM's are skimming off the top and not off the bottom so at least the bid is still up even after those sells.

ATB
TL

[toploadermike] 07/12/2018 15:35

TG where did you get your info from? Re the cut? I'd love to know :)

[offerman] 07/12/2018 15:15

Agree TGDL NR as under threshold .

[the guardian] 07/12/2018 15:09

We lost our rise due to 1.1 million of sells going through. They were ordinary trades which to me means retail trades not an institution.