Global Petroleum Share Discussion Threads

[toopoor] 12/10/2022 17:37

Cheverons $100m entry into Nambia has been completely ignored by the markets.

Expect this to re rate.

[southway2] 12/10/2022 15:03

Still not seeing anything worth buying yet .25p a good entry imo

[toopoor] 12/10/2022 13:34

Why would a major do a farmout when they can probably buy the company for £10m-£20m.

Makes sense.

[sweepie2] 12/10/2022 13:09

News in next 48 hours is a strong rumour

[jason_scrap] 12/10/2022 12:29

Forget about Afzal. Farmout news coming very soon. Don't say you weren't given heads up lol

[toopoor] 12/10/2022 11:53

£3m market cap peanuts..

[toopoor] 12/10/2022 11:47

I remember when the falklands were valued at tens of millions punds before drilling.

Get the farmout out.

[toopoor] 12/10/2022 11:29

He has been crying wolf so many times.

One time he has got to be correct.

£3m market cap and chevron recently took a $100m dollar stake in a licence in Nambia.

[oliversydney] 12/10/2022 11:18

Afzal Valli pumping on Twitter causing rise but what we need is concrete announcement on farm out and having been in this stock well over five years it is now or never

[toopoor] 12/10/2022 11:13

FARMOUT ALERT !!!!!

[toopoor] 12/10/2022 11:03

Cheveron Paid $100m for a stake.

How much is Global Petroeum's stake worth ?

[toopoor] 12/10/2022 10:56

Its not up for no reason.

[toopoor] 12/10/2022 10:55

This Farmout was started last November.

[toopoor] 12/10/2022 10:55

Looks good for a rise.

Small market cap of £2.8m

[toopoor] 12/10/2022 10:54

When is the farmout news coming ???

[davemac2020] 07/10/2022 10:44

Buy showing as sell!!

[markingtime] 03/10/2022 22:28

Price rise on huge volume is rarely a bad sign....

[powereddrones] 04/9/2022 10:01

CABLE SHOOTS PAST 1.20, EYEING THE PANDEMIC LOW
Cable has produced a rather aggressive sell off since the bearish turnaround at the 1.2294 level where a cluster of extended upper wicks drove prices below the psychological level of 1.2000.

This week price action plummeted below the 1.1760 level with ease, stopping short of a rather significant zone of support highlighted in the red rectangle. This zone of support appears at the intersection of the pandemic low of 1.1412 and the descending trendline support.

Momentum is certainly on the side of continued downside when observing the MACD indicator, as both the MACD and signal line trend lower. The RSI however, continues to hint at positive divergence which suggests that the pair could crawl higher before contemplating a bearish continuation. Price action has made a lower low but the RSI has failed to print lower lows, subsequently making higher lows.

Weekly resistance appears at 1.1760 with support remaining at the previously mentioned zone of support at 1.1412

If next week sees a break below the pandemic low of 1.1412, then nothing really stands in the way of a move towards levels not seen since 1985, although, this is a very far distance from current price levels.

Cable trades at such low levels that a normal charting package was unable to produce enough data points to establish support below the pandemic low. Below is a chart produced via Refinitiv, displaying the 1985 low in red.

[powereddrones] 04/9/2022 09:58

New lower low here on that second chart on the header... let's assume the previous trend is valid, and that is down.

So to follow the trend, short here, and use the last swing low as a stop (just under 1.2 ish). No investment advice.

[powereddrones] 04/9/2022 09:31

GBP going down the pan - I reckon we could well see under parity this winter. Inflation like never before.