Touchstone Exploration Share Discussion Threads

[captainfatcat] 07/12/2018 13:55

Some chatter online Opec + are planning a 1.2m bopd cut

[ileeman] 05/12/2018 16:02

"OPEC+ COMMITTEE RECOMMENDS A SUPPLY REDUCTION:"

Did someone order higher prices, good news and as expected.

Would have been madness not to cut.

[ileeman] 04/12/2018 10:31

Oil up another 3%, this will look like a steal when oil goes back to 70

[che7win] 03/12/2018 08:07

I think Canada oil reduction is part of reason oil jumping

[ileeman] 03/12/2018 07:58

Huge move ing oil.

Lows are finally in, hope people took advantage.

[captainfatcat] 03/12/2018 07:55

Hoping we will see a move up today. Talk of production cuts when Opec meet later this week as well as the US/China trade war ceasefire announced over the weekend driving the oil price higher.

[captainfatcat] 30/11/2018 13:59

live chart for bent here

[on target] 30/11/2018 13:52

Where are you guys checking the latest oil price? I know there's a page on advfn but it doesn't seem that great.

[ileeman] 30/11/2018 13:42

Oil bouncing up and down in a range definitely showing signs of more life.

Another note my GKP holding which correlates oil is actually well ahead of the curve and trending higher, I take that is a very good sign...leading indicator to what is to come in oil.

[ileeman] 29/11/2018 13:42

Yea I note the cut comments, good to see.

[che7win] 29/11/2018 12:53

ILeeman,
Oil gets more volatile when declining.

Down 100 points earlier today, now Brent +80 and looks like Russians will joins efforts of OPEC in cutting output.

[ileeman] 28/11/2018 08:15

Oil finally starting to show a bit of strength.

Lets see if it can break the montly downtrend, currently testing it.

[mount teide] 27/11/2018 11:58

Company Presentation updated: 20th November

Ortoire East exploration locations increased from 2 to 4 wells - all targeting Crus/Gros Morne formations - all with estimated terminal depths of 5,000ft - 6,000ft.

[ileeman] 26/11/2018 16:04

TXP up 5% GKP up 11%

Good to see things bouncing a little, still think leading upto OPEC and a few weeks after we see oil price back upt 15-20% from here.

Hopefully see TXP back on 20p soon enough.

[zho] 26/11/2018 11:45

Lots of broker comments on the price of oil at - not behind paywall

Also ... "For the White House, cheap oil is now shortsighted politics" -

[ileeman] 26/11/2018 09:46

Loads of producers bouncing today, TXP lagging behind.

Strangely oil is bouncing but not by much, just shows how oversold some of these stocks have been taken.

Monster move across the board when we see a proper recovery in oil.

[captainfatcat] 23/11/2018 16:43

Keeping a bit of powder dry for another top up, my two earlier in the week were a little early in hind sight. Probably wait and see the poo price settle first.

Its going to turn at some point.

[che7win] 23/11/2018 16:25

Wanobi, Market is in control of shorters right now, but I think a few might get stung.Surely Russia and OPEC now talk about this at the G20 meeting, with the fall making the decision to cut oil output more persuasive.

[wanobi] 23/11/2018 16:15

agreed il & c7, I will be buying more of these also, just feel oil drop is not done yet and the 'baby is being thrown out with the bath water' right now, so to speak... let's see what happens next week... cheers Wan

[che7win] 23/11/2018 16:13

Agree iLeeman, TXP can make with their cost structure positive cashflow down to mid $30 oil.Also positive on I3E with a positive interview their today.

[scottishfield] 23/11/2018 16:06

Indeed Lauders, best of luck to you too.