Edge Res Share Discussion Threads

[carpadium] 03/3/2015 07:59

mark,



MD&A as always comprehensive summary.

[mark10101] 03/3/2015 07:50

Apparently q3 results are on Sedar, don't have a link myself if anyone can post one. Nice to get an RNS....

[flyingbull] 02/3/2015 12:08

The March oil stock challenge is still on…...deadline for entries is midnight tonight.

The race is on, the train has just started to leave the station??!!
Who will be the winners and who will be the losers?
Good luck.
fb

[carpadium] 26/2/2015 07:56

... 2968 meant for the TXP board Jb?

[carpadium] 21/2/2015 16:38

hxxp://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/the-alberta-oil-squeeze/article23136731/

Interesting read, many Alberta oil/service companies struggling to survive.

[bigt20] 20/2/2015 14:28

mark10101,

Re Russia - Until they come to repay loans or imports that are in US Dollars and then they are stuffed big time (if they have to convert from Roubles)or use precious Dollars

[mark10101] 20/2/2015 08:37

Yes that was the interesting thing re Russia, there currency got hammered but they still sell a lot of oil in Dollars which pretty much canceled out the oil price fall. So many angles with finance.

Let's hope WTI bounce of $50 is a sign the recovery has started. Then we can talk about company specifics rather than oil.

[sleveen] 20/2/2015 08:10

Interesting snippet from the US EIA explaining the benefit of floating currencies when Brent price falls in US$ terms:

While the observed inverse relationship between crude oil prices and the value of the dollar is associated with changes in monetary policy and economic growth expectations, it also has implications for crude oil production. Oil-producing nations can be divided into two groups—those with free-floating currencies and those with a fixed exchange rate to the USD. Countries such as Brazil, Norway, and Canada have free-floating currencies, and oil producers in these countries tend to rely on more-expensive oil production methods, such as offshore operations or bitumen extraction, to replace natural declines in existing production. Because the USD strengthened broadly compared with most other currencies in the past eight months, the decline of North Sea Brent crude oil priced in other currencies is less than the decline in USD. From August 1, 2014 to February 18, 2015, Brent prices fell 42% in USD (Figure 1). However, when measured in other currencies, the price of Brent fell less, down only 27%, 31%, and 34% in the Brazilian real, Norwegian kroner, and Canadian dollar, respectively.

BC alludes to this benefit in the latest RNS.

[sleveen] 19/2/2015 12:07

Let's hope so, otherwise we'll be able to buy EDG for 1p.

[carpadium] 18/2/2015 18:25

HGI back again with their notice of intention to sell, same amount as before, 12.6m.

Seeing they never progressed this intention at around 11p think it highly unlikely they'll go ahead at 3.5p!

edit. I'm inclined to think notice lodging by the likes of Henderson is automated and therefore appears routinely with little true meaning.

[bigt20] 16/2/2015 19:45

Anybody understand those 50,000 trades on the 11/2/15?
Eh? Err?

[bigt20] 16/2/2015 19:41

Here's another view re POO:



Jeff Currie, Goldman Sachs
11/2/15

[jamesiebabie] 16/2/2015 17:16

Bank holiday in Canada today.

[carpadium] 16/2/2015 08:29

Q3 plus 9 months update to 31/12 due within 2 weeks. Maybe further comment on current progress to add to that excellent update RNS 28/1.

[lazarus2010] 11/2/2015 10:58

I'm surprised the mm's haven't dropped the bid assuming they were all sells? Currently they're offering 3.5/3.775 so maybe they have some buys on their books to place the sells?

[carpadium] 11/2/2015 08:55

Mr ex-Shell the optimist, Mr BP pessimist, OPEC talking $200 per barrel to come, take your pick. Personally agree with the following opinion with which EDG has nothing to fear. The lower oil goes the faster the future recovery and for those that make it through a more dynamic market.

Top oil analyst: The worst is yet to come

Karma Allen
9 Hours Ago
CNBC.com


Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.

Tom Kloza, chief oil analyst at Oil Price Information Service, predicted that oil prices would bottom during the second quarter of the year "simultaneously to one of the expirations of the WTI contracts."

He warned that the price of West Texas Intermediate crude could be in the $30s at some point in the second quarter.


"I think the cycle has a long way to run out," Kloza said, adding that the spread between Brent and WTI could widen to about $10 or so.

"It's still about oil shale, and the rig count is very misleading," Kloza said.

He noted that there were about 500,000 wells in the U.S. that produced fewer than 15 barrels of oil a day. "We're gonna fill up in storage, and it doesn't appear that there's any way around that," Kloza said. "Some of the additional crude oil from the water will come to the United States simply because we have the facilities to store it."

[bigt20] 10/2/2015 18:04

Good point Lazarus 2010 (post 2947). Every cent and CDN $ counts.

[orvis] 10/2/2015 15:52

why no trades in Canada this week?