Uk Oil & Gas Share Discussion Threads

[palwing32] 07/3/2016 15:55

Telegraph today."7 MARCH 2016 • 2:14PMOil is enjoying a three-week rally as prices surge to $40 a barrel - their highest level in 2016. Forward prices for Brent crude have surged by more than 18pc since mid-February, hitting $40.00 in Monday's trading. West Texas Intermediate has now gained more than 40pc since last month's lows at $36.57. The recovery has been driven by tentative optimism that the world's major producers are edging closer towards a supply cut for the world's flooded markets. Weakness in the US dollar has also supported prices, which have now hit a two-month high."

[ibug] 07/3/2016 15:44

THE $40 USD level was breached a few mins ago---if this trend continues we may see $43USD/ Barrel or more by the end of the week imo. Which will be inside the profit zone for many oil and gas companies.

[ibug] 07/3/2016 15:16

MPET RISING----LOOKING STRONG AT THE MOMENT.


1.12
+0.09 (8.29%)
Real-time: 10:01AM EST
NASDAQ real-time data - Disclaimer
Currency in USD

and brent crude heading towards 39:80

Oil prices may even touch the magic $40 USD at this rate imo.


The rise in the MPET share price continues for now:

1.14
+0.11 (10.52%)
Real-time: 10:25AM EST
NASDAQ real-time data - Disclaimer
Currency in USD

[xippy] 07/3/2016 14:56

odd, managed to get well inside the spread. 2.81 was a purchase (mine), with quote at 2.80/2.85

[robbie1424] 07/3/2016 14:45

This was classed as the best zone and one they thought would run freely as they didn't have any expectations of the other two flowing so im expecting more than the other two put together.

Waiting game but more and more tankers are arriving (from a good source-My son)

3p today cometh.

The important part will be the report when it lands - OIP

[moneymunch] 07/3/2016 14:34

Lol, yes lots more fundamentals at play, especially the likely millions if not billions of barrels of high quality recoverable oil across the Weald, which will be costed/valued commensurate to the price of oil and it's expected recovery from now on in.....gla longs.....more good news imminent as HH is shaping up as a major world class oil discovery, truly stunning and transformational potential for those invested. :#)

[ibug] 07/3/2016 14:32

A pretty tight correlation to oil prices at the moment ----improved sentiment + news release expectation.

[funkmasterp12] 07/3/2016 14:32

Argh, christ. I'm long of another HH share and the constant ramping is annoying even to me as a holder!

Good luck to everyone long or short. This is too ridiculous now.

[ibug] 07/3/2016 14:30

Another oil tanker just arrived---that may be three today plus two waste water tankers-----flow test looks to be good imo.

[funkmasterp12] 07/3/2016 14:26

So if the POO falls, the bashers use it. If it rises, the rampers use it!

It's irrelevant! If Brent suddenly collapsed below $30 and UKOG put out a RNS to say the Flow Tests were a huge success, UKOG would still go up.

If UKOG placed and Brent went above $50, UKOG would collapse.

There are lots more fundamentals to consider first before the POO, imo.

[moneymunch] 07/3/2016 14:24

More and More


Tankers turning up

[moneymunch] 07/3/2016 13:56

Shorter's burning. ...ho Ho Ho :-)))

[ibug] 07/3/2016 13:56

With the bid on 2.85 the mm's want sellers....plenty of demand.

[cupra kid] 07/3/2016 13:55

Any sells certainly being soaked up today. Background buyer perhaps?

[ibug] 07/3/2016 13:54

OFFER MOVED UP:


UK Oil & Gas Investments plc (UKOG) Ordinary Shares 0.01p
Sell:2.80p Buy:2.90p 0.14p (5.05%)

[moneymunch] 07/3/2016 13:45

Ps Onwards and Upwards, along with price of oil!!! ;-)))

[moneymunch] 07/3/2016 13:44

Utter bullocks funk man ..why were the bashers working themselves into a frenzy when the price of oil was dropping to $30 and less in relation to Ukog's commercial HH prospects....ALL OIL STOCKS HAVE TRACKED THE FALL IN THE PRICE, and will continue to track the price of oil as it rises.....Ukog more than most given that they are in ghe brink of confirming a major world class oil discovery of potential national significance and the break even $40 as stated by SS recently......that's enough to get the interest of many investors for fear of missing out on any sudden re-rate.....gla longs.....more good news from HH imminent...:-)))

[ayesha4] 07/3/2016 13:44

Blockbuster RNS coming

[ibug] 07/3/2016 13:43

NEWS LOOKS TO BE ON THE WAY OUR WAY.....and it might be stellar news judging by all the truck movements today.

[datait] 07/3/2016 13:39

Market makers are all moving up as I expected.

[funkmasterp12] 07/3/2016 13:38

Ha, iBug - pretty much as relevant!

[funkmasterp12] 07/3/2016 13:38

Oh and PS - I'm long Horse Hill via STG (Stellar), who have placed.

[datait] 07/3/2016 13:37

Watch this rise up into the afternoons close with news in the morning.

[ibug] 07/3/2016 13:37

bUY SOLAR PANELS...fm..LOL...YOU ARE GIVING YOURSELF BAD ADVICE REGARDING THE SUN....oil is also an essential energy source especially when the source is a virgin discovery such as the Kimberidge Limestone.....haha

[funkmasterp12] 07/3/2016 13:35

"Ps funk master, no correlation between Ukog's share price and the price of oil....pmsl....today's chart has tracked the price of Brent, as Brent fell at opening and then recovered, almost a mirror image of Ukog's share price ....."

There's so much wrong with this, it's impossible to know where to start. The price of Brent has very little bearing on UKOG because:

- UKOG is a hot stock and one RNS can send it 20% in either direction.
- UKOG will need to raise money before they can make money from the oil, if deemed commercial. The big question is where the share price will be before this is necessary.
- Brent recovery itself is not explicitly due to a recovery in fundamentals - probably more so short positions closing out.

The graphs tracking intraday each other is completely irrelevant! Not a single investor will buy UKOG solely because Brent is on the up. It can change overall sentiment, but that won't benefit UKOG to the degree you think it will.

It's as absurd as saying "The sun is out, I'll go and buy shares in Soltan despite it being freezing outside!"