Falkland O&G Share Discussion Threads

[trulyscrumptious] 17/12/2014 15:03

Good to see some blue at long last.

[agnabeya] 17/12/2014 14:47

Looking a little week on the bid now - but March is a bit away yet. :)

[pistonbroke1] 17/12/2014 11:04

Can't buy online at the mo with BARC

[pistonbroke1] 17/12/2014 10:59

Eh up +10% at the mo

[runwaypaul] 17/12/2014 10:49

whoopy!

we bounce:)

[whoppy] 17/12/2014 10:26

FOGL have said in the past that due to the size of their prospects they are still economically viable at $30 a barrel.

[cyan] 17/12/2014 10:02

In the context of FOGL , I would stop fretting over this weeks oil price.
I believe it will go lower; probably sub $50.
Listened to an analyst earlier who thought $49 will be hit before returning to around $80 in second half of 2015. I thought that rather optimistic.
The bottom line is the principal oil producers can not cope financially with the low oil price for too long; imo 12 months more max.

[purple11] 17/12/2014 09:42

all that matters right now is 58 oil holds imo

[agnabeya] 17/12/2014 09:18

I honestly don't know how low it could go Truly - although I think it will bounce around this price for the time being.
The thing is - it will rise again. And once it rises - it will fall back again depending on the next event. I'm not going to get hung up on daily price fluctuations at the moment.
Even if wonderful 3D results were released right now - I don't think they'd affect the share price much in this market.
The reports we do have, and the history of the drilling areas to be drilled in the North Basin give me confidence to hold for this next drilling campaign.
I've no set selling point yet - that's something I'll decide as it happens.

Set your RNS alert and ignore the charts until after Xmas. The holiday period always seems to see a stagnation or a fall.

[trulyscrumptious] 17/12/2014 08:58

Surely, it can't go any lower? I wish they would give us some indication that all is well with the seismic.

[agnabeya] 17/12/2014 08:57

Truly - I don't see it as a disaster as I genuinely believe it will rise again.

Holding tight for that day.

[trulyscrumptious] 17/12/2014 08:13

Red already, this is a disaster area.

[pistonbroke1] 17/12/2014 08:07

purple11 - Rockhopper RNS yesterday states first well spud early March so suspect rig will not be mobilized for about a month yet.

[mr hangman] 17/12/2014 07:53

Anyone seen chrisoil ?

[purple11] 16/12/2014 23:53

hxxp://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/at-midday-oversold-tsx-gains-300-points-as-buyers-grab-discount-stocks/article22102313/

“The Canadian market is oversold, oil prices of course have been in freefall and they continue to fall today – everyone seems to be trying to pick a bottom,” said Himalaya Jain, a portfolio manager at ScotiaMcLeod.

“There’s no question that there are some very good opportunities right now in the Canadian energy sector. But the question is, do they go lower first and then eventually go higher or is this the bottom? And that’s not something that anybody, even the people buying today, can answer.”

[purple11] 16/12/2014 23:45

Crude Oil Is Oversold but Could Bounce Back to $65 to $70 Range

hxxp://www.thestreet.com/story/12987741/1/crude-oil-is-oversold-but-could-bounce-back-to-65-to-70-range.html

[purple11] 16/12/2014 23:24

rig should be on its way any day. where is the 3 d?

oil sell off starting to look tired to me.

Jim Paulsen, who helps oversee $345 billion as chief investment strategist at Wells Capital Management, said by phone from San Francisco. “If oil shows some signs of support, which we did today, you have a lot of people coming in behind it."

"The energy sector’s been hit so hard that it’s not going to take much for those stocks to turn around,” Ben Wallace, a portfolio manager at Westborough, Massachusetts-based Grimes & Co Inc., said by phone

doombergxbloombergxdoombergxbloomberg

[trulyscrumptious] 16/12/2014 18:47

Cheaper fuel is certainly good news but I wonder how good a deal we are really getting as the government taxation level is huge. Still, the forecast is for more falls into the new year with $40 dollars said to be a realistic price. I hope FOGL come up with some good news over the next few months!

[cyan] 16/12/2014 15:39

Hi agnabeya. The very real danger is PUTIN losing his marbles altogether and lashing out militarily . Major military exercise's in Kaliningrad today.

Congratulations to Vladimir on winning man of the year again

[agnabeya] 16/12/2014 14:47

Cyan, I tend to think that too. Rather than it being about fracked oil etc.
Mind you, if the link I posted about fracked oil is correct, a dropped price like this would be a way to save face in stopping fracking without having to mention it's 'success' is based on faulty data.
It could be in Washington's interest in that sense.
It's also in Westminster's interests for the North Sea to appear to be finished (since the upsurge in support for the SNP since the referendum).
They will never want to come that close again to losing the oil.
Of course I could be totally wrong, but any political jiggery pokery you like to think about will be on the table. Nothing is off limits. IMHO.

[purple11] 16/12/2014 14:19

I guess the price of classic cars has just hit a brick wall?

o well.


like houses, ppl will just have to drive them rather than advertise them for a while.

[cyan] 16/12/2014 13:43

It looks like the Guardian agrees that the oil price drop is about bringing PUTIN back in line.