Columbus Energy Resources Share Discussion Threads

[offerman] 29/11/2018 01:49

Let's hope another blue day to come.

[johnleslie] 28/11/2018 15:38

Yes it is good to see the volume increase. I have made a small contribution to this with a top up today. That’s my lot for a little while, just a matter of waiting now for production to ramp up and of course SWP.

[toploadermike] 28/11/2018 15:34

Agree CCR. Possible move on up with market conditions and reports from some of the big II's. Lets hope the G20 goes well too.

ATB
TL

[ccr1958] 28/11/2018 15:11

Nice to see a teeny weeny rise in the volume,still got a seller but a tad better .

[ccr1958] 28/11/2018 15:08

Thankyou arry , I still send postcards to the Grand kids . Yes it was a very special trip .

[toploadermike] 28/11/2018 13:10

Snippet from this morning:
UK stocks open 0.1% higher; led by miners

StockMarketWire.com

UK stocks opened modestly higher on Wednesday, led by mining and oil companies, as global markets braced for a key speech by Federal Reserve Chairman Jerome Powell.

[arrynillson] 28/11/2018 12:17

ccr1958 - really pleased it went well for you - very much enjoyed your reply - i think you'd have been an excellent post card writer in the day!

[ccr1958] 28/11/2018 08:27

Hi arry ,it was brilliant ,extremely moving and thought provoking. One of our group (17 Men) had done a lot of research and organized our trip . We based ourselves in Bayeux and visited the beeches ,monuments and of course ‘resting ‘places for the brave young men . It was so successful we are going to pay our respects to the boys who fought for our freedom in WW1 next year . cheers ccr.

[bmnsa] 28/11/2018 05:27

NexusBang on the moneyTBF

[toploadermike] 27/11/2018 23:51

Nice post Nexus7,

And sounds absolutely spot on in my view!

ATB
TL

[nexus7] 27/11/2018 23:34

Goldman Predicts Commodities Will Soar in 2019

► G-20 leaders’ summit this week may be ‘catalyst for a rebound’
► Bank sees ‘extremely attractive’ entry point for bets on gains

Commodity bull Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point.

“Given the size of dislocations in commodity pricing relative to fundamentals -- with oil now having joined metals in pricing below cost support -- we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,” analysts including Jeffrey Currie said in a report. The note listed its top 10 trade ideas for 2019, including a rebound in Brent as OPEC cuts supply...

[arrynillson] 27/11/2018 18:11

CCR - did you post some while ago you were taking Normandy trip - if so how was it?

[ccr1958] 27/11/2018 16:36

Thanks for all the excellent research and posts chaps ,still very low volume and a seller in town... Talk soon ccr.

[arrynillson] 27/11/2018 16:28

Dross - although your case is less badly argued than 12bn's looks like they have close to $4 million in the chest.

I've always argued that it's quite likely the new Lind money will be taken as although operational cash flow is healthy at close to 1000 bopd they do need to CapEx a number of projects and they haven't detailed the costs - for example they need to deal with water cut on SWP and on one of the SD sites.

I know that as a non- shareholder you like to get in a bit of a flap over cash but I prefer to leave the management to LK as he has a proven ability to plan ahead which some don't seem to give him credit for. It was suggested the Placing would obviate the need for the Lind cash but like you I think it's looking a bit tight but terms are such that I'd prefer him to take the Lind money as we've paid the facility fee and the conversion option terms, if exercised, would probably put a smile on the face of most shareholders!

Of course you and I don't know what other plans LK has for the SWP drilling - particularly now that we are closely connected to the rig owners - perhaps the $4 million will be enough if a deferred consideration deal is struck - all will be revealed in due course but I'm sure LK is really appreciative you're doing a bit of worrying for him in the meantime!

[nexus7] 27/11/2018 12:10

Oil Steady After Biggest Gain in 2 Months as OPEC Talks Approach

► Key leaders to gather at G-20 event ahead of OPEC meeting
► WTI futures gain 0.4% after increasing 2.4% on Monday

Oil steadied after the biggest gain in almost two months as focus shifted to whether OPEC and its partners will cut supplies enough to check a looming surplus...

[smoggyg] 27/11/2018 09:05

08:57:23 3.1500 150,000 O 3.1500 3.3500 Sell 29,119 350,000
08:52:31 3.2050 200,000 O 3.2000 3.3500 Sell 29,119 200,000
08:17:08 3.2950 29,119 O 3.2000 3.3500 Buy /////// Not looking good chaps,another drop today?

[toploadermike] 26/11/2018 18:44

Snippet from Marketreport today:

Oil recovery and anticipated strength in US stocks continues to sustain FTSE
By StockMarketWire.com Mon, 26 Nov 2018 11:59

A recovery in oil prices from the one-year lows seen after a big sell-off on Friday continued to boost the FTSE 100 on Monday. By midday the index was up 0.9% at 7,015.26.
Index heavyweights, BP and Royal Dutch Shell advanced 1.7% and 1.9% respectively, while US futures primed investors for a strong start when trading begins on Wall Street later.
LARGE AND MID CAP RISERS AND FALLERS
Mining giant Rio Tinto said it had agreed to sell its stake in the Rossing uranium mine in Namibia to China National Uranium Corporation for up to $106.5m. Its shares fell 0.9% to £36.11.
AstraZeneca, meanwhile, said the FDA had granted an orphan drug designation for its rare autoimmune disease treatment. Its shares dipped 0.4% to £61.67.

[toploadermike] 26/11/2018 18:43

Maybe it was them buying all those shares today :)

ATB
TL

[the guardian] 26/11/2018 15:40

Goldman Sachs were probably instrumental in helping poo to fall, so hopefully they now intend to help it rise.

[nexus7] 26/11/2018 10:03

Can OPEC+ Halt The Oil Price Slide?

Oil prices continue to plumb new depths, but some analysts think the selloff has gone too far.
Brent prices fell to $62 per barrel by mid-week, hitting nearly a one-year low. The bearish narrative has taken hold in a big way, with rising U.S. shale production, record output from Saudi Arabia, rising inventories and faltering demand growth all combining to drag down crude prices. “The bears still have the oil market firmly in their grip,” Commerzbank said in a note on Thursday. “No end to the downswing is in sight for the foreseeable future.”

But are prices dropping too far, too fast? Some analyst think so. “[T]he oil market sell-off has overshot current and forward fundamentals,” Goldman Sachs wrote in a note on November 20...

[toploadermike] 24/11/2018 16:23

Nice one Carp!

Was aware and am aware of one other they are looking at currently too. Seem to be on a spending spree. Something to think about for sure.

ATB
TL