Columbus Energy Resources Share Discussion Threads

[12bn] 13/7/2020 12:33

EggChaser13 Jul '20 - 12:04 - 4756 of 4759
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It’s not me that forgets what I post!!!/////////Yes it is. :)

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12bn - 10 Jun 2020 - 07:13:29 - 4528 of 4757 Lind issued monthly with millions of 4.5p shares SELL at 7,25p! - CERP
The share price will return to 1p at some point in time imo but the selling pressure from Schroders will cause more of a drift down than a crash down. ////////// Eggy I think you need to get someone who can read to explain what 'some point in time' means. You seem to be struggling with the meaning. ps TIMBERRRRRRRRRRRRRRRRRRRrrrrrrrrrrrr.

[eggchaser] 13/7/2020 12:12

So just because of LIND which will stop soon and Schroders which will sell but if the merger happens will be swallowed by new investors so where does leave your argument!

[12bn] 13/7/2020 11:46

12bn - 10 Jun 2020 - 07:13:29 - 4528 of 4757 Lind issued monthly with millions of 4.5p shares SELL at 7,25p! - CERP
The share price will return to 1p at some point in time imo but the selling pressure from Schroders will cause more of a drift down than a crash down. ////////// Eggy I think you need to get someone who can read to explain what 'some point in time' means. You seem to be struggling with the meaning. ps TIMBERRRRRRRRRRRRRRRRRRRrrrrrrrrrrrr.

[eggchaser] 13/7/2020 11:04

It's not me that forgets what I post!!!

[12bn] 13/7/2020 09:27

Time yet,I specifically mentioned there was no time limit on my prediction,is your memory poor again? TIMBERRRRRRRRRRRRRRRRRRRRrrrrrrrrrrrrrrrrrr.

[nexus7] 13/7/2020 09:14

Libya Is On The Brink Of A Major Military Conflict


Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya's National Oil Corporation (NOC) stated lifted the force majeure on crude exports from its key terminals. The national oil company indicated that it expects a gradual revamp of production, but emphasizes that overall production levels will be less than 50 percent of its historic highs. The company indicated that significant damage to reservoirs and oil and gas infrastructure in the country, caused by the blockade that has been in place since mid-January 2020, has left a segment of its production at risk. The removal of the force majeure by NOC surprised many observers as the security situation in the country doesn’t appear to be improving. The move has left some analysts wondering if NOC has been able to set up a deal between the UN-supported GNA government and some parts of general Haftar’s LNA forces. Others have suggested that significant pressure from third parties may have forced the two groups to agree to an oil deal. The North African oil producer has seen oil production collapse due to the conflict between the UN-backed GNA and the self-styled Libyan National Army of Khalifa Haftar. Since mid-January, a force majeure was declared by NOC on crude loadings out of the ports of Marsa El Hariga, Brega, Es Sider, Ras Lanuf, Zueitina, and Zawiya. Total Libyan oil production fell to between 70,000 and 100,000 bpd in the past few months, from over 1.10 million bpd before the blockade. Despite the positive news from NOC, optimism about Libyan oil production should be tempered. The situation on the respective oil-producing fields is far from positive, while damage to infrastructure and possible reserve issues are expected to keep production very low in the coming months. NOC also stated that the forced closure of several of Libya's oil fields has affected the oil reservoir quality, which has undergone mechanical, structural, and chemical changes.

[eggchaser] 13/7/2020 08:31

As does you're 1p predictions 12bn!

[12bn] 13/7/2020 07:46

100% buys today,oops they are 100% sells,1.80p bid looks very precarious to me.

[tomford8] 12/7/2020 12:49

Simon Potter is the CEO of the Bahamas Petroleum Company (BPC). He spoke with The Prospect Group about the potential for a resource find in The Bahamas,and how a major resource find would redefine the economy of The Bahamas. Interview some time ago but still relevant today in technical terms.

[nexus7] 12/7/2020 09:07

Sources confirm Trump to sign two new Executive orders.
BLA Monday at 12:23 PM in Geopolitics

[esmerelda] 11/7/2020 13:39

I am sure those sort of high oil prices would accelerate developments in alternative replacement fuel sources and therefore reduce demand and price. I don't expect we will see $100 again.

[nexus7] 10/7/2020 23:17

The Oil Bulls Betting On $150 Crude


he current oil crisis will severely depress investments in new oil production, setting the stage for oil prices hitting $100 or even $150 a barrel over the next five years, several analysts told The Wall Street Journal.
Analysts are basically divided into two camps – the ones predicting high oil prices because of the pandemic and the resulting severe underinvestment in new oilfields, and the ones saying that life in the new normal will mean that demand may never return to pre-COVID-19 levels.
In the bulls’ camp, Trevor Woods, chief investment officer of Ohio-based hedge fund Northern Trace Capital, told the Journal:

“We could hit $150 pretty easily by 2025.”

Woods motivated his prediction with upcoming massive pressure on producers for funding new developments.

Christyan Malek, JP Morgan’s head of oil and gas research for Europe, the Middle East, and Africa, also thinks that oil could hit $100 per barrel, due to the dramatic decline in investments.
According to the International Energy Agency (IEA), the oil and gas sector will see the steepest decline in investment this year compared to last year. Investment in oil and gas is set to plunge by $244.1 billion, or by nearly one-third, in 2020 compared to 2019.

“Could we see oil move to $100 over the next two years?” “Absolutely,” JP Morgan’s Malek told the Journal, reiterating a similar bullish estimate from last month.

Citigroup, however, doesn’t believe that crude oil prices will return to three-digit levels ever again.
The idea of oil at $100 or higher, “has far more fantasy than reality at its heart,” Citigroup commodity analysts said in a note earlier this month, adding that over the long term, $45 per barrel of Brent was a far more likely oil price scenario than $60 a barrel.

In more pessimistic news, the Citi analysts said, “Oil product demand growth will falter significantly, change its contours and never return to pre-covid-19 rates of growth.”

By Tsvetana Paraskova for Oilprice.com

[eggchaser] 10/7/2020 18:58

Offerman - I know you are out there - just a short note as we head into the weekend to say you are in most posters thoughts - look after yourself and the family.

[eggchaser] 10/7/2020 17:34

Hey Arry sorry to have to pull you up... 2mill with 3mill from yesterday it would appear!!

12bn where are you sunbeam??!!!

[12bn] 10/7/2020 15:19

You been eating too many angry beans again arry? Be careful your anger will drive you into an early grave. :)

[arrynillson] 10/7/2020 14:34

12bn - who bought the 2,000,000 this morning 12bn? - fact is that although there are some wishing to sell there seems to be plenty more buying - perhaps that's why the share price is holding up and hasn't dropped to the 1p you predicted 12bn!

How come you were always very quiet when the TOOP share price was taking a hammering from more sales than buys - you were clueless then - nothing's changed!

[spangle93] 10/7/2020 11:55

BPC is presenting at the next evening Pro Active forum on July 16

As it's a virtual event, anyone anywhere can sign up for it, rather than being restricted to inside-M25 attendees

[12bn] 10/7/2020 09:52

Another 600k sell,I wonder who that could be? Lind will be replenished soon though,not good for poor arry.

[12bn] 10/7/2020 09:48

The fact is Schroders have around 80m to sell and Lind are issued with more shares every month,a death spiral,eos. (plus of course contractors are paid in shares as well).

[arrynillson] 10/7/2020 08:35

12bn - as recently as 02/07/2020 you posted about dilution for CERP shareholders ' Subject to the assumptions set out in the announcement Columbus shareholders and related parties will in aggregate hold approximately 23.9 per cent of the enlarged issued share capital of BPC '.

12bn - Schroders won't even be a notifiable percentage after the merger - surely even you would have understood that from the implications of your own post 12bn!

[arrynillson] 10/7/2020 06:52

12bn - you are so stuck in your auto-moron mode the implications of the merger have clearly passed you by - Lind are being replaced after the merger and Schroders as a percentage of the merged group will be hugely less significant!