Touchstone Exploration Share Discussion Threads

[mount teide] 30/5/2018 16:42

Brent surging back up 2.35% today to $77.25

[brasso3] 30/5/2018 07:51

I will try and get along to the Proactive event.

[grannyboy] 30/5/2018 07:45

My thinking too..could be the drilling is progressing faster then anticipated?!!!.

[sleveen] 30/5/2018 07:24

That's what I was thinking too.

[mount teide] 28/5/2018 01:09

’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher - OilPrice.com today



'An upcoming regulation that analysts have called “the biggest change in oil market history” and the “the most disruptive change in the refining industry” is lurking just around the corner, and experts say that it will drive oil prices higher as it will fundamentally shift the demand pattern for fuels.


“This is going to be the most disruptive change to hit the refining industry in its history,” Chris Midgley, global head of Platts Analytics, said. “Unlike other specification changes seen by the industry, this isn’t a little bit of tweaking.”

The regulation will send demand for middle distillates such as diesel and marine gasoil soaring, and refiners will have to shift some of the products they will be processing from crude oil, analysts concur.

The stricter regulation on the fuels used by the shipping industry will result in booming demand for middle distillates that would boost crude oil demand by additional 1.5 million bpd, potentially sending oil prices to as high as $90 a barrel in 2020, Morgan Stanley said last week.

In fuel oil prices, the forward curve has not yet fully priced in the new regulation, according to research from S&P Global Platts Analytics last month.........

According to Rick Joswick, managing director for downstream oil analytics at Platts, the forward curve for middle distillates currently shows little change between 2019 and 2020—underestimating the impact of the new rules. “The market has not appreciated yet the degree and scope of these changes,” Joswick said.

“While there has been breathless attention paid to prompt Brent prices climbing to $80 a barrel for the first time since 2014, what has received less attention is that the entire Brent forward curve is now trading above $60, including contracts for delivery as far out as December 2024. This development is an important psychological milestone for the oil market. The market is, in effect, saying that ‘lower for longer’ is dead,” Sen and Elguindi wrote.

Looming shortages of supply and strong demand will combine with the marine fuel regulation in 2020 to put additional pressure on the physical oil market. Demand for diesel and ultra-low sulfur fuel is expected to jump by 2 million bpd-3 million bpd, Energy Aspects analysts noted.

“Nothing ever moves in a straight line, but the broader oil market is perhaps not prepared for what will happen to oil prices over the next couple of years,” they concluded.'

[mount teide] 28/5/2018 00:35

The fact that Saudia Arabia and Russia are jointly discussing an increase in production in an attempt to get Opec back closer to 100% compliance with its agreed programme of production cuts from the ballooning current circa 150% compliance level - tells you all you need to know about the current demand /supply dynamics of the global oil market - and likely future pricing.

[fardels bear] 27/5/2018 23:45

I think it's early days yet in this oil bull market. But I've been wrong before..So have the pundits though.

[crooky1967] 27/5/2018 23:40

The Saudis need oil at $70 to balance their budget and would prefer it higher for the IPO now looking to go ahead in 2019. I can’t believe they will let it go much lower than it is now.

TXP will hopefully be producing 2500+ bopd by the time it gets anywhere near $50

[grannyboy] 27/5/2018 23:12

Not connected to the link or who's opinion it is, but if the opec syndicate come back with restricting production, and Trump is still intent on more severe sanctions against Iran..then oil won't be going back to $50..

[fardels bear] 27/5/2018 22:45

What's the title?

[fardels bear] 27/5/2018 21:07

And for those of us without the necessary subscription?

[fardels bear] 24/5/2018 15:31

Sorry, I must have nodded off..

[mount teide] 24/5/2018 12:57

This is a party compared to last summer - just three posts in two months and two of them were mine!

Its up over 70% since coming to Aim just 11 months ago - if only all investments were so boring!

Since then oil has nearly doubled in price and production is up circa 20% and set to rapidly accelerate over the next 6 months, while cost per barrel continues to fall.

[fardels bear] 24/5/2018 11:41

I think this may be a bit boring for me..

[mount teide] 23/5/2018 22:36

'it has to be down to psychology!!!'

Sometimes done by mm's so that early on the following day they can raise the share price back to where it was just prior to the drop into the previous close; to create the impression of upward early buying pressure.

[grannyboy] 23/5/2018 17:21

Never ceases to baffle, when the mm's drop the share price with just a matter of a minute to close when they have had all day to do it..it has to be down to psychology!!!

[crooky1967] 23/5/2018 15:06

Agree with rossannan. Next ops update in July should start to propel the share price followed by Q2 financials. Might even get a boost if T&T look at a change to the oil royalty/tax system by the end of the year to incease exploration & production.

Am quite surprised though that the last RNS's did not have more of an effect on share price