Rose Petroleum Share Discussion Threads

[moneymunch] 08/2/2016 16:02

OPEC Meeting Imminent? More and More Countries Demand Emergency Measures Amid Oil Crisis

[moneymunch] 05/2/2016 10:19

Oil price seen surging about 50% by fourth quarter as supply eases

By BEN SHARPLES on 2/3/2016

NEW YORK (Bloomberg) -- Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46/bbl during the fourth quarter, while Brent in London will trade at $48 in the same period, the median of 17 estimates compiled by Bloomberg this year show. A global surplus that fueled oil’s decline to a 12-year low will shift to deficit as U.S. shale ;output falls, according to Goldman Sachs Group Inc.

U.S. production will drop by 620,000 bopd, or about 7%, from the first quarter to the fourth, according to the Energy Information Administration. ;Meanwhile, the International Energy Agency forecasts total non-OPEC supply will fall by 600,000 bopd this year. That may pave the way for a rebound as lower prices have stimulated global demand. Oil is the “trade of the year,” according to Citigroup Inc., which is among banks from UBS Group AG to Societe Generale SA that predict a gain in the second half.

“U.S. shale should take the hit, that’s where you will see cuts and supply should start to taper off,” Daniel Ang, an investment analyst at Phillip Futures, said by phone from Singapore. “On top of that, there are bullish demand forecasts for the second half.”

[moneymunch] 04/2/2016 20:24

"He is scheduled to meet Saudi Oil Minister Ali al-Naimi there on Sunday."

Next week could be interesting if news comes out that Saudi's are in agreement to a Opec/Non Opec meeting. GLA ;-)


Crude seesawed earlier after an Iranian official was quoted as saying Tehran supported a meeting between OPEC and other oil producers, raising hopes they could take action to support prices despite widespread skepticism in the market.

Oman, not an OPEC member, also held meetings with Venezuelan Oil Minister Eulogio Del Pino on Thursday. Del Pino said he also had a "good and productive" meeting with his Qatari counterpart as well.

The Venezuelan minister is scheduled to visit Riyadh for further negotiations. He is scheduled to meet Saudi Oil Minister Ali al-Naimi there on Sunday.

Cash-strapped OPEC member Venezuela has been calling for an emergency meeting of producers to discuss steps to prop up prices, which are close to their lowest since 2003.

"The parties are inching towards a coordinated production cut but there is still a long way to go," Tamas Varga of broker PVM said.

The dollar weakened further on speculation the Federal Reserve might not raise interest rates this year. A falling dollar tends to support oil and other dollar-denominated commodities.

"Headlines continue to fly about an OPEC/non-OPEC meeting. We are currently in an environment of elevated rumours," said Olivier Jakob, oil analyst at Petromatrix. "Without a fresh development Brent might face some difficulty to fly above $40."

[moneymunch] 04/2/2016 20:23

Financial Times

February 4, 2016 6:37 pm

Royal Dutch Shell boss predicts rebound in oil price

The global oil market will rebalance later this year, paving the way for a recovery in crude prices from their lowest level in more than a decade, according to Royal Dutch Shell’s chief executive.

Striking a bullish stance as the Anglo-Dutch oil company reported an 80 per cent slide in profits last year, Ben van Beurden argued on Thursday that the “unprecedented” volatility in oil prices did not reflect fundamental supply and demand.

“Can oil prices go lower? I’m sure they can. Will they go lower? I don’t know,” Mr van Beurden told reporters in a conference call. “If you look over the slightly longer run, you are not going to see structurally lower oil prices in the $30s.”

His comments echoed remarks on Tuesday by BP chief executive Bob Dudley, and highlight a hardening view among some senior industry managers that the latest sell-off in crude, which took internationally traded Brent to 12-year lows of below $30 a barrel, has gone too far.

“We will probably see a balancing in the market later this year, maybe early next year,” said Mr van Beurden.

[rmart] 04/2/2016 12:08

£4m is the most ridiculous market cap. This company is worth many multiples of that. Happy to hold and add a few here and there.

[buoycat] 04/2/2016 09:54

A complete waste of time trying to analyse buys and sells.

[abergele] 04/2/2016 08:38

These early trades look like buys to me,when compared to yesterdays trades?
any thoughts??

[judijudi] 03/2/2016 15:47

Come on Matty
Rabitt Hat Time

[judijudi] 03/2/2016 15:21

aber,
I reckon its a chancer having to do a normal roll over
bwtfdik

[abergele] 03/2/2016 15:11

Has somebody rolled the 5.5million into an shares ISA perhaps?
protect any big gains?

[moneymunch] 03/2/2016 11:28

Oil rises after Russia says open to OPEC meeting

Published Wednesday, Feb. 03, 2016 5:15AM EST

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world’s largest producers could act to boost prices.

Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting Countries and non-OPEC members to meet, “then we will meet”.

[pegasus59] 02/2/2016 18:37

The Oil challenge was always going to be for ROSE to produce a single drop in 2015

Nothing as I said it would be

Complete and utter shambles from start to Finish

[flyingbull] 02/2/2016 18:27

The February oil stock challenge is still on....deadline for entries is midnight on Tuesday, i.e. tonight.

[abergele] 02/2/2016 16:14

Hi JJ,
had to be away,
so we have come back to evens so far,perhaps more still to come today.
fingers X'd...just felt it may have been the bottom when I did buy,wish it had been a higher amount now,but we know that feeling of chasing ones tail trying to break even,or perhaps a fantastic profit as some do...our day will come eh.
gla lth's

ps, started this an hour ago, never posted,just shows how quick the m/m's turn the price around with a few sells..

[moneymunch] 02/2/2016 15:44

Lol....I only invest with optimism and positivity, especially when a share is rockbottom. Gl :-)

[judijudi] 02/2/2016 15:09

Filter button required now
I would advise everybody to do the same.
It will be nowt but mindless and constant ramping drivel from here on in while MM is invested
Trust me

[moneymunch] 02/2/2016 15:05

A nice recovery in share price so far and 634 shares just bought.....now is that one of those urban myths....Code 634.....Rns logged????.......any good news from Rose could see us heading towards 1p....gl ;-)

[judijudi] 02/2/2016 14:50

As I said a small amount of knowledge can be so dangerous
As I think your post above proves quite clearly
Oh dear :)

[moneymunch] 02/2/2016 14:46

Lol...I'm doing it now ;-)

Ps Ukog

Nutech’s considerable global knowledge base and play library indicates that the Horse Hill Upper Jurassic rock sequence is potentially analogous to known oil productive hybrid reservoir sections of the Bakken of the US Williston Basin, the Wolfcamp, Bone Springs, Clearfork, Spraberry, and Dean Formations in the US Permian Basin and the Bazhenov Formation of West Siberia.....as well as much of the source rock for much of Saudi Arabia oil reserves.

ie the oil and gas in the Mancos formation was formed long before any modern day boubaries were formed, and so it's prospectivity will be related throughout the formation, including hopefully Rose's. Gl :-)

[judijudi] 02/2/2016 14:39

MM,
If you do your homework you will see that Fidelty are our nearest and most likely suitor. But happy for it to be EP Energy
A little bit of knowledge is very dangerous