Columbus Energy Resources Share Discussion Threads

[eggchaser] 04/8/2020 15:05

BigSi2 I get you are a disgruntled ex investor but is there any need to rejoice in current holders facing dilution? Fact is you don't know but you think you do which is fair enough but what if some news drops post merger that rockets the SP? Are you going to denounce your rationale and leave us alone or do you have stock in which case it's rather odd taking such A negative view of the stock do you hope to walk away with some profit?

[jcgswims] 04/8/2020 10:46

As soon as the merger is officially confirmed (I think that's tomorrow?) I'll set up a new BPC BB and post the link here.

[arrynillson] 04/8/2020 10:43

BigSi2- who has got it horribly wrong ( excepting 12bn on WTI futures and storage LOL!)?

[bigsi2] 04/8/2020 10:18

Not long to wait one way or the other now -I hope those that are shown to have called fundraise correctly will be magnanimous-And those that got it horribly wrong gracious in defeat.

[eggchaser] 04/8/2020 09:39

Not in favour of the merger?

[12bn] 04/8/2020 08:10

I heard that BPC was going to do a massive fund raising at a BIG discounted price. Ominous for Cerp holders.

[eggchaser] 04/8/2020 08:08

It's a merger - not an acquisition which is where most disgruntled CERP make the mistake.You still holding RD?

[ride daice] 04/8/2020 07:59

And BPC shareholders must be delighted with their CERP bargain acquisition ?

[eggchaser] 04/8/2020 07:28

Now we know why PRDs offer of $1.75 was seen as derisory!!

[eggchaser] 04/8/2020 07:25

Yet more important news elsewhere that could impact CERP/BPC. Are the moons aligning???Trinity Exploration & Production04 August 2020RNS Reach AnnouncementTrinity Exploration & Production plc("Trinity" or "the Group" or "the Company")Potential Positive Tax ReformsGeneral Election Manifestos Pledge Tax ReformsTrinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, notes the tax reforms both main parties have highlighted in their Manifestos ahead of the General Election in Trinidad & Tobago which is taking place on 10 August 2020.The incumbent party of government, the Peoples National Movement ("PNM"), and the opposition party, the United National Congress ("UNC"), have both publicly acknowledged the need to reform the regressive Supplemental Petroleum Tax ("SPT") regime. SPT is currently applied to crude oil production when realisations average over US$50.01/bbl in any given calendar quarter which significantly impacts economic returns, particularly when oil price realisations are between US$50.01 and US$60.0/bbl, and therefore acts as a major constraint on investment.SPT was initially introduced in 1981, with the aim of delivering a higher government take on the super-profits being realised on the then thriving oil production. However, the tax has acted as a powerful disincentive for investment in the sector, with the consequence that crude oil production, and therefore employment, has subsequently declined significantly.Both the PNM and the UNC have acknowledged the disincentive effect of SPT and have pledged reform if elected. The election result is expected on 11 August 2020.The reforms proposed by both parties are likely to have an important positive impact on reversing the decline in productivity levels and increasing employment in Trinidad. The proposed changes, if enacted, could significantly enhance potential cash returns for the Company, enhancing our ability to invest to scale the business and increase shareholder value.Links to ManifestosPNM: https://online.flippingbook.com/view/703188/2/UNC: Bruce Dingwall CBE, Executive Chairman of Trinity, commented:"The Manifesto pledges to significantly reform the SPT regime would, if enacted, be extremely positive for Trinity, and for all the smaller oil producers operating in Trinidad."Meaningful reform to the SPT regime would enhance the economic returns to all stakeholders; the T&T Government, Heritage, the Supply Chain and the people of T&T. Through such reforms, which are happening globally, incentivising increased activity and greater oil production will lead to maximising recovery from our reservoirs which in turn would lead to enhanced employment opportunities (and associated taxes paid) and a step-change in potential cash generation levels and returns for operators."There is still some way to go to get the proposed reforms into law as the country has to have the General Election, choose the senior Ministers, form a Cabinet and legislate to deliver the promised policies. Trinity, alongside the various lobbying chambers in Trinidad and other operators, will continue to press for this much needed change to be implemented as soon as possible".

[arrynillson] 03/8/2020 12:57

12bn - I’ve become your publicist on BPC - hope you appreciate it!

[12bn] 03/8/2020 12:55

Mr 100k is selling again I see,I guess he cannot get the MMs to accept bigger trades. LOL. :)

[rogsim] 03/8/2020 09:57

Interesting interview?

[12bn] 03/8/2020 08:26

Oh dear,I see a post of yours moderated on a BPC thread,you deserve it Stinking Bad Egg! :)

[eggchaser] 03/8/2020 07:34

This I think is an interesting development - off shore Suriname....Major DiscoveryApache said it had made a world-class discovery at the Kwaskwasi-1 well located in the prolific Guyana-Suriname Basin, where it encountered 278 meters (912 feet) of net oil and volatile oil/gas condensate pay.The samples taken indicate that the API oil gravities are between 34 and 43 degrees.

[nexus7] 31/7/2020 11:16

Why Oil Remains Stuck At $40


Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. The EIA reported a huge drawdown in crude inventories on Wednesday, with a drop of 10.6 million barrels. That was enough to lift crude prices.

But several analysts argued this week that the bigger picture is murkier, with economic and pandemic-related risks looming. “While upwards momentum has stalled over the past month, we still think prices are overdue a downwards correction to reflect the flattening of oil demand recovery and the darkening of economic prospects,” Standard Chartered analysts wrote in a note. The investment bank added that “consensus views” on the oil market balances in the second half of the year have “weakened significantly over the past month.”

“We now only rarely hear talk of V-shaped demand recoveries and extremely tight markets, the views that allowed Brent to rally beyond USD 40/bbl,” Standard Chartered said. “Instead the main talk among traders seems to have shifted to precisely how much demand will disappoint and how long will it take to normalise inventories...

[12bn] 31/7/2020 10:57

Your childish trashing days are nearly over Egg,the BPC threads are sometimes premium threads. Grow up,use reasoned arguments,trashing is for moronic low lifes,eos. ps I didn't add the possibility of PIs selling as that wouldn't have annoyed you and arry as much. :)