San Leon Energy Share Discussion Threads

[jotoha2] 16/11/2016 18:25

If the oil from OML18 is not getting through , then why has the company not issued an rns to confirm it, lets hope the BOD is not trying to keep a lid on it, then gain they have not been to good with price sensitive news in the past .

[o1lman] 16/11/2016 18:13

Crude oil production from OML 18 is exported through the Bonny Crude Oil Terminal via the Nembe Creek Trunkline. Gas production from OML 18 is delivered to various power, industrial and commercial customers via the Nigeria Gas Company's pipeline

oh dear.

[linksdean2] 16/11/2016 16:38

so no where near oml 18 eh! bonny tirader!!..fig he hee!

[o1lman] 16/11/2016 16:29

Nigeria to lose 300, 000bpd as militants bomb oil pipelines belonging to Agip, Oando and Shell 0
BY EDITOR ON NOV 16, 2016 COMMUNITY, UPSTREAM
The Niger Delta Avengers militant group confirmed it has bombed three oil pipelines in southern Nigeria, an attack it said would lead to a production loss of 300,000 barrels per day in the OPEC-member nation, Yahoo! Finance reports.

“At about 11.45 pm November 15, 2016, our Elite Strike Team 03 struck Nembe 1, 2 and 3 truck line operated by Agip, Oando and Shell with supply capacity of 300,000 barrel per day to Bonny export terminal in Bayelsa State,” the NDA said in a statement late Tuesday.

The Niger Delta Avengers, blamed for a wave of such attacks since the start of the year, said the latest bombing was to register its displeasure with the way the government was handling grievances in the oil region. “We are only reiterating our strong resolve that time is running (out) against the Nigerian government, that there is doom ahead,” it said.

[o1lman] 16/11/2016 15:56

How to Spot (and Avoid) Market Manipulation
CLIF DROKE05/08/2013




We often hear investors complain of financial markets (and the gold market in particular) being “rigged” or manipulated. The sad yet somewhat humorous tale of Henry Gribbohm recently brought this accusation to life. The 30-year-old Gribbohm infamously lost his life savings of $2,600 on a carnival game in an attempt at winning an Xbox Kinect valued at $100. For his efforts, he walked away with a giant stuffed banana sans his $2,600 life savings.

Gribbohm’s tale is instructive if only because it reveals a common psychological pitfall that has plagued all of us at one time or another, viz. the desire the “win back what I lost” from the market. According to news reports, Gribbohm attempted to win a ball-toss game at a traveling carnival but quickly lost $300. He then returned home to get $2,300 more in hopes of winning back the lost $300 and –hopefully- the prize Xbox. After losing everything he accused the carnival of rigging the game (sound familiar)? (The game owner actually did end up refunding $600 of his $2,600).

Had Gribbohm been thinking clearly he would have cut his losses after his initial loss. Investors who have “played the game” long enough know from experience to do this; it’s a simple money management tool that keeps you in the game and prevents you from losing all your capital. More importantly, it prevents you from allowing your emotions to get the best of you. Paraphrasing Jesse Livermore’s famous maxim, “A trading position that goes against you from the start is likely to be a losing proposition, so you should get out immediately.”

Along these lines, W.D. Gann taught that a stock or commodity that repeatedly stops you out with a loss should be avoided altogether since there could be a psychological reason for the constant losses. Gann believed it’s better to stick to trading vehicles in which you’ve shown you can profit from.

Gribbohm’s explanation for his stubborn refusal to cut his losses was revealing: “You just get caught up in the whole, ‘I’ve got to win my money back [thing].”

The above statement perfectly summarizes a truism of investor psychology which has led to countless losses for the average market participant. The way to overcome this all-too-human failure is to steel yourself beforehand with the mindset of cutting your losses the minute the trading position goes against you by a certain percentage. The use of a judiciously placed conservative stop-loss is paramount, and stops should always be employed in every trading or investment position.

Traders/investors should also consider such factors as relative volatility before initiating a new position, especially with the advent of High Frequency Trading (HFT), which if prevalent in a particular asset can increase your chances of being stopped out with a loss. This is one of the biggest tip-offs of a manipulated market. If the asset you’re watching is trading erratically or tracing out a pattern which can’t be easily classified by conventional chart pattern theory, it’s best to avoid it. Instead, trade only in assets which display “clean” and tight looking consolidation and/or continuation patterns. Better safe than sorry.

Always compare the recent and historical trading pattern of the asset you’re interested in to a broad market benchmark such as the S&P 500 or the CRB Index (depending on whether it’s a stock or commodity). It’s also imperative that the stock or commodity you choose to trade should have ample liquidity on a daily basis which makes it easier to enter or exit the trade. Lightly traded stocks and commodities are the ones most liable to manipulation by vested interests.

Manipulation is an unfortunate fact of the financial market. Stocks and commodities have always been subject to manipulation, whether by individuals, pools, central banks or even governments. If you are unable to come to terms with this reality then it’s best to avoid participating in the market altogether. But if you’re able to come to grips with this then there is money to be made once you’re able to spot the tell-tale signs of manipulation, a skill which becomes better with experience.

[o1lman] 16/11/2016 15:33

quelfromage1
Posts: 235
Observation
Opinion: Hold
Price: 42.50
RE: BuyersToday 14:30"Around today it seems. Recognition of upside potential perhaps"

No obvious trigger for all these small buys!

Feels like its all some form of attempted manipulation ...

................

just a co-incidence, bad news from Nigeria and an AT trader starts buying shares, yep, surely just another conspiracy theory ?
good effort either way.

[jotoha2] 16/11/2016 15:18

Now what this lot are good at , is to bullshiiit about prospects and then fail repeatedly , will be interesting to see exactly how they get on with Nigeria .

[o1lman] 16/11/2016 15:14

the part to concentrate on > all environmental liabilities > before or after completion.
SLE should be able to help as they are very experienced in defending court cases, not very successfully true but maybe the law of averages may kick in at sometime.

[o1lman] 16/11/2016 15:10

guess it's the old problem again or maybe u don't care if u post sh1te.

[o1lman] 16/11/2016 13:36

40,000 Nigerians take Shell to UK court over oil spills
NOVEMBER 16TH, 2016


UK based oil firm, Shell, is facing fresh environmental claims in a London high court from two Nigerian communities who have suffered pollution episodes following repeated large scale oil spills from the oil giant’s pipelines in the Niger Delta.
This is according to a statement released Tuesday by Leigh Day, a London based law firm, which was signed by David Standard, its head of media relations.
The two separate legal actions are being brought by law firm Leigh Day who represented the Bodo Community against Shell in an unprecedented environmental claim resulting in Shell agreeing to pay compensation package of £55million to the Community and 15,600 Nigerian fishermen whose livelihoods had been destroyed by Shell’s oil pollution.
The high court will begin to hear arguments during a four-day hearing starting on November 21, 2016 on whether the English courts can hear two legal claims on behalf of over 40,000 Nigerians against Royal Dutch Shell (RDS) and its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC) for extensive environmental damage caused by oil pollution to two separate communities in the Niger Delta.
The first claim is being brought on behalf of 2,335 individuals from the Bille Kingdom of Nigeria, who are mostly fishermen that claim their environment has been devastated by oil spills over the past five years.
The second claim is brought on behalf of the Ogale Community in Ogoniland, which consists of roughly 40,000 people.
The community has been subjected to repeated oil spills from Shell’s pipelines over a number of years which have still not been cleaned up.
The appalling level of pollution in the Ogale community was carefully documented by the United Nations Environment Programme in their 2011 report.
In March 2016, the Technology and Construction Court agreed that the two legal cases could proceed to the next stage through the London High Court, where the parent company, Royal Dutch Shell plc, is based.
Lawyers for the Nigerians communities argue that Royal Dutch Shell, who has its headquarters in the UK, controls and directs its’ Nigerian subsidiary and should ensure that its operations do not systematically pollute the environment.
Both Royal Dutch Shell and Shell Nigeria argue that the cases should be heard in Nigeria and not in the English Courts.
Daniel Leader, partner in the International Group Claims Team at Leigh Day said “oil spills from Shell’s oil pipelines have blighted the lives of the thousands of Nigerians who live in Ogale and Bille. It is scandalous that five years after the UNEP report, Shell is yet to clean up its own oil in either Ogale or Bille communities.”

[o1lman] 16/11/2016 13:09

A militant group in Nigeria says it has bombed three pipelines in the south of the country in the latest attack on the country's crucial oil industry.
The claim by the Niger Delta Avengers has not been independently confirmed.
The NDA, the latest militant group to emerge in Nigeria, is demanding that a greater share of oil wealth be spent on ending poverty in local communities.
Attacks resumed earlier this year after funding for former militants was slashed.
Nigeria is one of Africa's biggest oil exporters and it is the country's main export earner.
Nigeria's government and the Dutch-British oil company Shell, which operates the pipelines, have not yet commented on the alleged attack.

[o1lman] 16/11/2016 12:14

Nigerian Production Hit Before OPEC Meeting - Oil Markets Daily
Nov. 15, 2016 4:30 PM ET »Follow(5,204 followers)
Value, long/short equity, growth at reasonable price, hedge fund manager

Summary

The NDA attacked the Nembe pipeline today with capacity of 300k b/d.

Two attacks have reduced Nigeria production by 500k b/d.

The Nigerian government won't be able to meet the militants' demands, and we think the issue will remain as long as oil prices remain low.

Call it what you want, but the Niger Delta Avengers (NDA) have done something no OPEC countries have been able to do thus far, and that's to proactively decrease oil production. Obviously, destroying pipelines and oil infrastructure is not exactly the most legal or moral way to go about it, but Nigeria's production output is falling as a result.

On Nov. 15, the NDA announced that it struck Nembe 1, 2 and 3 truck lines with supply capacity of 300k b/d for the Bonny export terminal. With the Nembe outage, it adds to the Forcados export pipeline hit last week. This brings total outage back to 500k b/d. Recent production estimates pegged Nigeria oil production at 1.8-1.9 million b/d, and with this outage, Nigeria's oil production is now back below 1.4 million b/d.

As we have been saying for the last several months in various updates on Nigeria, the issue with the militants won't go away. Nigeria has historically treated the militants as a form of capex via security contracts as they protected the oil infrastructure. But with lower oil prices and an anti-corruption government, the new president, Muhammadu Buhari, vowed to throw all the militant contracts away and correct the situation. Well, his promise so far isn't working very well, and the recent attacks highlight the peace talks that have been ongoing to be a failure.

As we highlighted in this article, the militants have presented 16 demands for the government. Some of the demands could be easily met, while some are near impossible:



Source: Vanguardngr.com

It's important to understand the situation in Nigeria. Given that the country produced over 2 million b/d earlier this year, these attacks impact crude exports and could shift the oil market from oversupplied to undersupplied. Our assessment of the situation in Nigeria is that these attacks will be ongoing as long as the "discussions" are ongoing. These attacks are a reminder of what the NDA is capable of and why the government should rehire them as "maintenance capex."

The timing of the attacks is quite unfortunate for Nigeria. As all the other OPEC countries play a game of chicken by temporarily boosting oil production to get a better deal, Nigeria is struggling just to keep production flat. This onslaught of attacks will likely make OPEC exclude Nigeria from any production freeze, but Nigeria won't likely see a rebound in production anytime soon.

If our analysis of the situation is accurate, Nigeria's current fiscal situation does not allow it the ability to pay the militants. In turn, this will result in these conflicts continuing until oil prices rise. In another way, you can think of this as a natural production decline in Nigeria. Without this "capex spending," Nigeria can't keep its production flat.

This certainly bodes well for the oil markets, but is terrible for the Nigerian economy. Higher oil prices are needed if Nigeria wants to see its production stable again.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

[o1lman] 16/11/2016 11:21

yep, of course, the oil knows to go left and not to the right, hadn't figured that one.

[linksdean2] 16/11/2016 10:56

Bonny tirader oml18 is in the eastern delta not southern so those probs are further back down the line and has no effect on our production.. And as that diagram you put on points out that the line goes to the closest crossing between land to bonny terminal..it's a stone throw across the water..

Sorry I no " it's a heartache" to you to know..butt.. Bilton guard as much as they can day and night.. Bilton are the "hero" you simply zero!!.. Go figa

A Shell spokeswoman said the company had not declared force majeur on Bonny crude.

" With attacks becoming less frequent in the last few months, the oil minister said in November output had recovered to 2.1 million barrels a day, bringing it roughly back to levels before the attacks began."



plus if there was at anytime a prob..

" up to 600,000 b/d of liquids can be evacuated from the end point at Cawthorne Channel"

Creek Trunk Line (NCTL) which runs 97 kilometres east from Nembe Creek, to a manifold at the Cawthorne Channel field on OML 18. From here, crude is evacuated the short distance to the Bonny oil terminal. This pipeline has a capacity of 150,000 b/d at Nembe Creek, however, up to 600,000 b/d of liquids can be evacuated from the end point at Cawthorne Channel.

hxxps://www.woodmac.com/reports/upstream-oil-and-gas-oml-29-12385691

[pete678] 16/11/2016 10:50

Here's an interesting interview about Oil - discussing current Supply/Demand situation and future prospects

[triple seven] 16/11/2016 10:40

01man where's your ninty thousand pounds gone?Residential troll