Nostra Terra Oil And Gas Share Discussion Threads

[andy] 05/2/2016 12:37

"I think all the people on here that slated this down need to rethink there approach on how they invest in shares...... Just saying."

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That post tells you all you need to know.

[sharetips6] 05/2/2016 12:28

Heads up guys

optrade and 3 dimensional are the same person and that twitter account link
with riddler is a fake set up by 3d himself

So do not even think of opening it as it will probably be made up !

[chinese investor] 05/2/2016 11:57

It's A Start !

[chinese investor] 04/2/2016 15:48

We need a good RNS.

[chinese investor] 04/2/2016 10:54

The market for oil is entirely driven by demand and supply, and the price of oil responds accordingly: poo has fallen because of excess supply.

Storage facilities are full to bursting and key producers have not cut back sufficiently to reduce the surplus.

Poo is at multi year lows, below the price that many companies can afford to produce.

Oil companies share prices (SP) have fallen accordingly and those companies which have high debt are suffering accordingly.

This is squeezing capacity out of the market, either through bankruptcy or halting production on loss making assets.

Many think the market has over-reacted to the downside and that now is an excellent time to invest, in view of the likelihood these lows play out over the next 6 months.

The respected EIA's recent figures on daily global oil mbd are:

...............2013..2014..2015..2016...2017
Production ....90.86 93.33 95.71 95.93 96.69
Consumption... 91.28 92.42 93.77 95.19 96.61
Difference.....-0.42..0.91..1.94..0.74..0.08

On these trends, the EIA forecast OECD inventories of oil and other liquid fuels would rise to 3.13 billion barrels at the end of 2016, and 3.13 billion barrels at the end of 2017 (equivalent to about 67.5 days supply).

However, just one big producer (eg Russia or Saudi Arabia) cutting back voluntarily or several smaller ones involuntarily (eg through bankruptcy) and the storage glut will quickly disappear and price go shooting back up.

A cut of just 1% is all that is needed to put demand ahead of supply.

The economics are impressive - a cut of 1% at $30 poo cost <$29m a day.

If it succeeded in getting poo back to $50, the gain on the remaining 95mbd would yield $4.75bn a day!

Regrettably the producers have not acted rationally and each has been more concerned about their own market share than the market as a whole.

The Saudis are responsible for the over-supply (widely reported) and are clearly under a lot of pressure from their own members to come to a deal with Non-Opec producers to reduce supply.

When you consider that over 40% of Russian GDP is dependent on poo, the motivation to come to the table with OPEC is intense.

[chinese investor] 03/2/2016 10:21

Egypt's central bank has delivered $1 billion to the Ministry of Petroleum to repay part of the state's debt to foreign oil companies, the central bank governor said on Sunday.

Egypt pledged last week to pay $300 million of the money it owes to foreign oil companies in Egyptian pounds starting in December as part of a $1.5 billion repayment scheme designed to revive confidence in its economy after years of turmoil.


The country has also said it would repay a further $3 billion of the $6.3 billion it says it owes foreign oil companies operating in the country in monthly installments until 2017.


"The central bank has transferred on Thursday $1 billion to the petroleum ministry to pay the late debts of oil foreign companies and the ministry of petroleum will tomorrow pay the foreign companies,".


Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more rapid repayment of the money it owes them.


The country has been struggling to meet soaring energy bills caused by high subsidies on fuel products for its 85 million population.


The government's ability to pay oil companies and contractors was hit after the popular uprising that ousted president Hosni Mubarak in early 2011 affecting tourism and investment and cutting tax revenue.

Saudi Arabia, Kuwait and the United Arab Emirates promised Egypt a total of $12 billion in grants, interest-free loans and oil products.

[optrade] 02/2/2016 13:46

youll like this
#IRG british companies have recieved payment

[optrade] 02/2/2016 13:46

youll like this
#IRG british companies have recieved payment

[chinese investor] 29/1/2016 13:03

Oil on a charge again !

[chinese investor] 29/1/2016 08:13

You don't know just how bad I got it !

[humphries1] 29/1/2016 08:12

WOW ci you got it bad

[whoppy] 28/1/2016 15:51

An internal target has been set by the futures market for oil of $70-75 a barrel by y/e. And that includes Iran's oil.

[chinese investor] 28/1/2016 15:47

Oil Gone Mental !

[chinese investor] 28/1/2016 10:20

More To Come !

[chinese investor] 28/1/2016 09:45

Up From Here !

[chinese investor] 28/1/2016 08:12

Oil - $35 Soon !

[chinese investor] 27/1/2016 18:15

There's been enough Whoosh for me !

[humphries1] 27/1/2016 17:16

not fast enough