Columbus Energy Resources Share Discussion Threads

[arrynillson] 19/12/2018 07:49

apache - presumably 12bn will be able to answer that!

[nexus7] 18/12/2018 21:16

Russia’s Oil Production Could Be Lowered To 11.1 Million Bpd In 2019

Due to the OPEC+ production cuts, Russia’s crude oil production in 2019 could be lower than originally planned—at 552 million tons, or 11.085 million bpd, Russia’s Energy Minister Alexander Novak said on Tuesday.

According to Novak, plans for next year were for Russia’s oil production to stand at 555 million tons-556 million tons, or 11.145 million bpd-11.165 million bpd, as per S&P Global Platts calculations based on a conversion rate of 7.33 barrels to one metric ton.

A lot will depend on Russia’s oil production policy after the first half of 2019, the Russian minister told reporters on Tuesday.

The new OPEC+ deal, under which Russia will be cutting 228,000 bpd, is for a six-month period with an option to review in April...

[nexus7] 18/12/2018 19:45

We´ll see what will happen in January:

Saudi Oil Exports In October Hit Highest Since Initial OPEC Deal

...
In line with its pledge in the new OPEC+ deal and considering weaker seasonal demand, Saudi Arabia could cut its crude oil exports in January by 1 million bpd to 7.3 million bpd from the November export level of 8.3 million bpd.

[carpadium] 18/12/2018 17:18

TG, am sure LK's targets are made with the best intentions but we have definitely seen fudged production figures in the past. As both Oct and Nov are rainy season months with unknown potential disruptions it's easy to issue a target, another matter to meet it.

Edit. Massive $13 differential between Brent and WTI, remember a very brief period in the last couple of years when WTI was more expensive than Brent?! Hail shale, hope you fail!

[the guardian] 18/12/2018 17:05

I just wonder where the share price will drop to if we have failed to meet the end of year target yet again.

[carpadium] 18/12/2018 16:57

Content to see WTI fall clear of $50, OK relief from SPT measured on an average quarter net of 20% CAPEX relief but take comfort in the fact we are a low cost producer whilst this price will knock out higher cost US shale ops. with whom the fault lies re. excessive global high level production/reserves. Our future progress in growing the company takes a hit and bound to slow with less funds coming in but we can't have it all ways.

In the launch presentation LK or GS stated that costings were done on the basis of WTI $45. To my knowledge they've never publicly adjusted this but to make sure I've asked the question. Will post any reply.

[nexus7] 18/12/2018 16:44

Oil Crashes to 1-Year Low as Dark Clouds Envelop Demand Outlook

► Investor doubts grow despite OPEC+ group’s pledged reduction
► WTI falls as much as 5.7 percent to below $47 a barrel

Economic jitters and surging supplies from the U.S. to Moscow dragged oil prices to the lowest level in 15 months.

Futures fell as much as 5.8 percent in New York on Tuesday. Anxieties about economic growth swirled after Chinese President Xi Jinping appeared to push back against U.S. President Donald Trump in a key Beijing speech. Meanwhile, American investors braced for an interest-rate hike...



====================================

Big Oil Stocks Crash As Crude Prices Tumble

Shares in the largest oil companies in Europe dropped to their lowest level in eight months on Tuesday, dragged down by across-the-board equity sell-offs in global markets and tumbling oil prices due to fears of oversupply and slowing economic growth....

[nexus7] 18/12/2018 16:34

Last post from bigmj 7 Dec '18
------------------------------------

CERP 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

------------------------------------

[smoggyg] 18/12/2018 13:58

astorcourt18 Dec '18 - 13:38 - 6599 of 6599
0 0 0
when will this one be venturing into south America?/////// Soon,I heard LK had just bought a banana plantation, as he thinks it is time for Cerp to make some money for a change. :)

[astorcourt] 18/12/2018 13:38

when will this one be venturing into south America?

[toploadermike] 18/12/2018 13:10

Personally I think the MT need to get some info flow as they obviesley don't care about the share price...

[jaffa14] 18/12/2018 11:48

We seem to be heading for the perfect storm.

WTI seems to be heading south in an almost unstoppable slide, lack of company news and investor sentiment at an all time low. Today's falls are not helping, perhaps company news is in the pipeline and they are not good :(

Where's the Santa rally when you need it ?

[the guardian] 18/12/2018 11:42

Tick for that Carpadium.

The yearly graph above certainly tells a story.

[carpadium] 18/12/2018 11:37

TG, the good news is we've seen off the traders.

The bad news is they've been replaced by The Disenchanted.

The ugly news is CERP management remain ignorant re. AIM mkt IR.

[nexus7] 18/12/2018 10:32

TG, you are right

Shale Under Pressure As Oil Falls Below $50

The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from the shale patch....

[smoggyg] 18/12/2018 10:31

Columbus Energy Resources Ord 0.05p (CERP) Trades
2.90
-0.30 (-9.38%)////// Oh dear 'arry knows best'. :)

[the guardian] 18/12/2018 10:19

US shale producers won't last long with these prices. I can't see CERP growing much either to be honest. The world is in a mess and it's mostly down to Trump.

That aside, great news, we are number 9 on the top fallers list. The mushroom policy on communication in this company really works.

[nexus7] 18/12/2018 09:38

Oil Closes Below $50 for First Time in a Year as Glut Fears Grow

► Skepticism abounds despite exporters’ pledges to curb output
► WTI crude falls 2.6 percent, erasing early-session gains

OPEC has its work cut out to persuade the market that its output caps will stabilize oil prices -- and U.S. producers aren’t helping.

Crude settled below $50 a barrel in New York on Monday for the first time in more than a year and continued falling in after-hours trading. The slide began after data provider Genscape Inc. was said to report growing inventories at the biggest American storage hub and intensified as the U.S. Energy Department forecast higher output in the country’s shale plays...

[nexus7] 18/12/2018 09:30

Kuwait Oil Minister’s Resignation Accepted by Government

► Al-Rashidi stepped down after allegations of mismanagement
► OPEC country changed oil ministers 15 times over two decades

Kuwaiti Oil Minister Bakheet Al-Rashidi and two top executives of state-owned energy companies resigned amid persistent internal disputes that have been delaying projects in OPEC’s fifth-biggest producing country...

[carpadium] 18/12/2018 09:05

Well it was always going to be roller coaster ride over a 3-5 year period (think we can forget 3 years) but doubt any of us would have forecast an 8 to 3p decline in a little over a year in which we've seen reasonable progress.

All down now to a detailed ops update now to hopefully stabilise and encourage, an honest, accurate report as per stated company values.

[kwizza] 18/12/2018 08:56

Thought someone said this won't go below 4p again

[arrynillson] 18/12/2018 08:27

SmoggyG - you advised readers to sell in the 2s and LK surprised you by taking this to 7.25p - bit odd to do the Placing scaremongering now as the Lind facility remains open IF HE IS AS DESPERATE AS YOU!

[smoggyg] 18/12/2018 08:27

She's sinking cap'n,the rats are leaving HMS Titanic Loss Making Cerp.//////08:21:51 3.0490 200,000 O 3.0000 3.1000 Sell 209,938 350,550
08:18:57 3.0750 17,938 O 3.0000 3.1000 Buy 209,938 150,550
08:13:28 3.1000 192,000 O 3.0000 3.1000 Buy 192,000 150,550
08:11:49 3.0490 150,000 O 3.1000 3.3000 Sell 0 150,550
08:02:18