Gulf Marine Services Share Discussion Threads

[trident5] 01/8/2018 14:56

Richtea - that's helpful then. It may go up or down some time in the future?
Got any more pearls?

[mick] 01/8/2018 14:42

Haha - same here!

[richtea2517] 01/8/2018 14:23

If I knew that Mick I'd be on a yacht somewhere of grid. Up I hope.

[mick] 01/8/2018 12:05

Break up or down?

[richtea2517] 01/8/2018 08:54

Gonna break some time

[my retirement fund] 27/6/2018 18:46

Well lets face it its not a negative move.

[hpcg] 27/6/2018 16:28

I'll take a 40 grand NED purchase out of the blue as a positive sign.

[hpcg] 25/6/2018 10:25

OPEC deal should mean more work in the Gulf as those states make up some of the shortfall from Angola and Venezuela. A synthetic oil shut in in Canada caused Friday's jump in sweet light. Libya also finding it difficult to export.

Venezuela will go much lower than is being suggested even in here. Its oil is technically demanding to produce. The graph shows the trend decline and there is nothing happening which can in anyway slow that rate decline.

[discojames] 25/6/2018 09:45

Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, is pleased to announce it has been awarded a new contract to support a wind farm project in Europe for an international energy company.

The new contract is for a Large Class SESV with a charter period of eight months (including options). The vessel will proceed directly onto the new charter towards the end of Q3 2018 following the completion of its current long-term contract in the oil and gas sector in the region.

[phowdo] 25/6/2018 09:43

RNS for new contract.

[bmw30csl] 12/6/2018 14:16

Very helpful to have that overhang gone - should allow stock to move up from this level steadily if news is decent without it being heavily sold into.

[phowdo] 11/6/2018 15:24

That's probably the last of Gulf Capital cleared out at 40p.

[hpcg] 06/6/2018 17:22

Oh yes I completely agree. Though deliveries from Venezuela look like they might collapse, probably because COP is collecting then money from any deliveries and shippers are not getting paid, or something like that. There is the potential for civil war and near zero deliveries; actually about the only alternative to the former is a coup and that would also be supply disruptive.

The 1mm increase leak was clearly floated to gauge futures market reaction and in part to keep a lid on prices prior to the 22nd. This allows some scope to increase production and at the same time increase price. Importantly for us the Gulf States will need to step up activity to start to feed future supply: sure they and Russia have some taps to turn on immediately they soon get to the stage where they don't have any immediately reactive supply.

I also note that hedge funds have sold down the very net long market positioning of traders, but that puts themselves at a similar risk of being squeezed out of their position down the line, never mind the contract roll losses with the strip in backwardation. This is a story which has played out several times recently - the permabears convinced that China / the US / the World will enter recession any second and take demand with it whilst inexhaustible shale floods the market.

[phowdo] 06/6/2018 16:51

Todays Cushing was a draw but the headlines were all about the wider Crude build of 2M along with builds in distillates/gasoline.

Price falling and inventories building gets Trump off their back...

Imho, No need for OPEC to increase 1Mbbl/d, they'll opt for say 300k to offset Venezuela and keep world supply fairly tight.

[hpcg] 06/6/2018 16:22

Absolutely no volume on this today so nothing move. Phowdo, I assume you mean inventory draw?

[phowdo] 06/6/2018 16:16

Could be the brokers playing the price until they reach an aggreeable price to offload remains of GCs position.

Crude selloff and US inventory build playing right into OPECs hands.

[insideryou] 06/6/2018 14:46

Off a cliff?

[hpcg] 05/6/2018 09:37

Some Gulf activity at scale:

No direct impact to GMS that I know of, but important that decent sized projects like this are being awarded so ultimately what GMS needs is activity to bid on.

[bmw30csl] 31/5/2018 11:52

Key for me is seeing Gulf Capital sell down - the overhang and lack of free float was putting a lot of people off.

[my retirement fund] 30/5/2018 20:25

100K taken at 49 pence

[richtea2517] 30/5/2018 18:23

Support held again

[unnavailable] 28/5/2018 07:18

Oops. Bank Holiday. Ssshhhhh

[unnavailable] 28/5/2018 06:55

This could potentially drop a fair bit today on the oil price news. I've placed an order to sell my remaining shares.It's not playing out as I anticipated. Good luck, gents.