Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 28/7/2015 09:11

Soon !

Chinese Investor (NTOG) 14 Jul'15 - 13:59
0.1p Soon And Lower After That !

[andy] 21/7/2015 08:18

WTI now $49.97

[cgod] 21/7/2015 08:03

Can Iran add million more barrels a day? Unlikely: Pro
Helima Croft, chief commodities strategist at RBC Capital Markets, explains why she doesn't think that Iran can add a million barrels to daily oil production after sanctions are lifted.



Oil prices have faced something of a perfect storm over recent week, with the Greece crisis, high Saudi production and an Iran nuclear deal all weighing on the commodity. But despite its recent losing streak – which has seen Brent prices fall close to 10 percent over the past 30 days – a number of banks think oil prices are about to pick up.

Brent was trading around $56 per barrel on Monday morning, while West Texas Intermediate (WTI) was around $50. Although this is well off lows of around $45 and $42 hit earlier this year, it is still around 50 percent lower than in June last year.

But this has not stopped some investment banks sounding a relatively bullish tone on the outlook for the rest of the year. JP Morgan, for instance, expects Brent prices to hit $65 a barrel in the third quarter, and $67 dollars in the fourth quarter of this year.

"We view July and August as the most likely time within 3Q 2015 when crude markets should be at their tightest, given peak summer demand for gasoline and the fact that refinery crude runs are forecast to peak in August," the bank said in a note on Friday.


A gas flare is seen at an oil well site outside Williston, N.D.
Andrew Burton I Getty Images

A gas flare is seen at an oil well site outside Williston, N.D.


Barclays analysts, meanwhile, expect Brent to trade around $61 a barrel in the third quarter and $66 in the last quarter of the year – although it did acknowledge the threats to its forecast.

"Product stock building could lead to weak refinery margins over H2 2015, in our view, especially since rising macroeconomic risks, particularly out of China, could limit upside surprises in global oil demand growth," the analysts wrote on Monday.

"If these bearish risks are realized, they are more likely to cause prices to remain near current levels than push prices lower for a sustained period of time."


'Baffled' over forecasts


The comments come after three consecutive weeks of losses in oil prices, amid continued uncertainty surrounding Greece's position within the euro zone. Saudi Arabia has also weighed on prices, as it and its fellow members of the Organization of the Petroleum Exporting Countries continue to produce vast quantities of oil in an effort to maintain market share amid falling prices.

Meanwhile, Iran and six major powers last week signed a historic deal which will see sanctions lifted on Iran in return for it curbing its nuclear ambitions. This means Iran will be able to export oil again and has added to oversupply concerns.

Given these dynamics, not all analysts are convinced that oil prices will rebound this year. Also, Saudi Arabia's crude oil exports fell to their lowest level since December in May, data revealed on Monday.


Can Iran add million more barrels a day? Unlikely: Pro
Helima Croft, chief commodities strategist at RBC Capital Markets, explains why she doesn't think that Iran can add a million barrels to daily oil production after sanctions are lifted.



"I am baffled how anybody can see significant market strength much before the winter," Neil Atkinson, head of analysis at Lloyd's List Intelligence, told CNBC by phone on Monday.

"There was a surplus of supply over demand even before the Iranian deal, so on that basis how can prices rise by a significant amount unless there is a political explosion of some kind?"


2016 rebound?


Despite disagreement over a short-term rebound in oil prices, analysts said next year could be when the supply and demand dynamics become more balanced. Indeed, last week OPEC upped its demand forecasts for this year and next which would "imply an improvement towards a more balanced market."

Barclays analysts added that, from a fundamental perspective, 2016 looked undervalued.

"At current prices, shale is supremely challenged and demand could pose an upside surprise. Furthermore, the market may be overly optimistic about an Iranian return," they wrote. Experts have noted that it will take some time for Iran to come back online as it has to invest in its oil fields as well as sign commercial contracts.

"The market is in the process of rebalancing and lower spot and forward prices are likely to expedite this, leading to higher prices in 2016/17 than the market is currently pricing in," the Barclays analysts added.

[nick rubens] 16/7/2015 12:42

I'm waiting for the placing I'm expecting. Should they raise it at higher price then i'll miss out, though that's unlikely. I think a dilution at lower is so likely that I'm not tempted at all until that's out of the way.

[chinese investor] 16/7/2015 12:40

As Predicted !

[chinese investor] 14/7/2015 13:59

0.1p Soon And Lower After That !

[chinese investor] 14/7/2015 13:58

Oil Plunging Yet Again !

[nick rubens] 13/7/2015 15:17

Yes I think a potential placing or the expectation of one coming is the cause of this holding back since the drill news.

[c3jns] 13/7/2015 14:50

Still waiting for the placing!!!

[nick rubens] 13/7/2015 11:41

Chinese Investor "Price Of Oil Plunging !"

It's already plunged last nine months or so. It's now just bopping around at this low level.

I still don't know why the Arabs haven't cut supply, Weaken Russia?, Put US shalers out of business and then cut production? Afraid any supply cut can be taken up by someone else producing?

[chinese investor] 13/7/2015 10:52

Price Of Oil Plunging !

[michaelsadvfn] 13/7/2015 06:39

This should allay your fears...

Professor Pettigrew 9 Oct'14 - 14:12 - 2756 of 3357 0 0

The interest is going to come here, after today's close.

We know we aren't far from an RNS, didn't come today so could be tomorrow, after the close today.

Perhaps a mention in Malcy's blog this week...perhaps not.

Based on the above, & in line with continual accumulation, and expected comment from "Malcy's Blog", plus a positive RNS soon, I'm buying further here, an additional 1.00m.

So there you have it...

[jw24] 10/7/2015 23:14

Thats because its another case of jam tomorrow. HP, WB, Texas and now this new acquisition. Be it down to other operators or themselves they have missed numerous targets. Still waiting for the Texas results and the drills which were meant to take place periodically. Q4 drilling with this new acqusition.....I won't hold my breath and kind of looks like the market is in agreement.

[michaelsadvfn] 09/7/2015 13:50

lmfao @ fenseal....

07.26....

WOW!!!!.....glad i still hold, great news....


6 hours later...

fenseal3 9 Jul'15 - 13:43 - 1688 of 1688 0 0
Best for NTOG to sell up and become a shell company with a bit of cash...

[fenseal3] 09/7/2015 13:43

Best for NTOG to sell up and become a shell company with a bit of cash....then we might start moving, no good giving a good RNS out, having money in the bank, having a turnover and building a great future for the business, best to become a dog of a company and you will do well on AIM.

[michaelsadvfn] 09/7/2015 08:37

Good day campers!

Professor Pettigrew 9 Oct'14 - 12:08 - 2753 of 3357 0 0

Good day campers!

In line with continual accumulation, and expected comment from "Malcy's Blog", plus a positive RNS soon, I'm buying further here, and have consequently just added an additional 1.00m.

Professor Pettigrew 9 Oct'14 - 12:20 - 2754 of 3357 0 0

Just awaiting the publication of today's "Malcy's Blog".

Professor Pettigrew 9 Oct'14 - 13:21 - 2755 of 3357 0 0

Malcy doing a feature on NTOG in tomorrow's blog.

Professor Pettigrew 9 Oct'14 - 14:12 - 2756 of 3357 0 0

The interest is going to come here, after today's close.

We know we aren't far from an RNS, didn't come today so could be tomorrow, after the close today. We know Malcy's Blog will feature NTOG tomorrow.

If we get some decent buying later today, that will be an excellent portent for things to come.

Keep your eyes peeled.

Professor Pettigrew 9 Oct'14 - 15:02 - 2757 of 3357 0 0

MM's pushed offer out to 0.31p. They obviously don't want too many buyers when they have an idea what's about to come...

0.15p?

That's another £1,500 down the swanny Prof....

[letmepass] 09/7/2015 08:14

Best RNs here fior a longtime

[oilbuy] 09/7/2015 07:49

Good RNS. Sounds like a good asset with a significant working interest. 18 potential drill locations. Very promising.

[fenseal3] 09/7/2015 07:26

WOW!!!!.....glad i still hold, great news.

[chinese investor] 09/7/2015 07:21

Great RNS !