United Oil & Gas Share Discussion Threads

[alistair4444] 27/12/2019 00:47

China’s Biggest Move In Oil Markets To Date By Julianne Geiger - Dec 26, 2019, 2:00 PM CST A Geopolitical Foothold China is hoping that the new international exchange platform will rival the LSE and NYSE when it comes to online trading of crude oil and other energy-related products, including settling trade and delivering it. In addition to crude oil, chemical products, and LNG mentioned above, it will also deal with LPG, methane, ethane, and energy derivatives. And there’s more: it will also make available market information. But the exchange will also increase—to the worry of many—China’s geopolitical foothold in new markets. China is fast sinking money into developing oil and gas resources in foreign countries, despite lower oil prices. Its state-run oil companies, including CNOOC, have been throwing money at oil projects in Brazil, Mexico, Guyana, Nigeria, and Canada--and the US Gulf of Mexico, to name just a few. And while some see this as just a method of filling the oil void left by its own domestic production, others see this as China’s way of controlling oil resources across the globe for geopolitical gain. China has already sunk money into Iran and Venezuela in the form of loans in exchange for cheap crude--two countries that have found themselves on the receiving end of US sanctions that have crippled their respective oil industries. This move has upset the geopolitical apple cart as the U.S. struggles to bring oil exports for both to zero--without China’s backing, the U.S. might have been successful in doing so. The growth of a massive new energy exchange not only improves China’s global positioning to influence oil prices, but also increases its geopolitical clout as its money gives it influence in state-run oil companies that carry political sway within their governments--particularly with Venezuela’s PDVSA and Angola’s Sonangol. https://oilprice.com/Energy/Crude-Oil/Chinas-Biggest-Move-In-Oil-Markets-To-Date.html *Brent crude will average $64.25 per barrel next year 2020* According to some analysts, Brent crude will average $64.25 per barrel next year. For most of the year, excluding a couple of peaks above $70 a barrel and troughs of below $60, Brent has, like WTI, traded in a tight band. The Bloomberg poll follows price forecast updates from Goldman Sachs and JP Morgan, which both expected benchmarks to rise, albeit modestly, in 2020 from 2019. In comparison, an analyst poll by the Wall Street Journal suggested prices will remain relatively stable at current levels at least during the first quarter of the new year despite OPEC’s deeper production cuts.

[hope67] 24/12/2019 10:43

htTps://www.youtube.com/watch?v=z8IXOM6Z7J8

[letmepass] 23/12/2019 23:39

The lower it goes the more you buy. This is a GEM

[wiseacre] 23/12/2019 23:08

delicious profits for the flippers who got the stock in the placing at 3p

[alistair4444] 23/12/2019 17:31

https://www.share-talk.com/united-oil-gas-plc-lonuog-result-of-general-meeting-rockhopper-acquisition/

[soulsauce] 23/12/2019 17:20

Lol what a muppet. We already are well above the 800bpd at the start of this acquisition process, in fact now 1120bpd. Anything from Ash is gravy even if under choked production it is only producing a fifth of that 7000bpd, and don't forget about the gas on top.

[marvelman] 23/12/2019 16:54

By the way, O Great One,as a poster on ADVFN for nearly THREE weeks now you surely have contributed a huge amount of information in such a short time.

[bountyhunter] 23/12/2019 16:52

yes that's because he just misquoted the RNS which we have all read

[marvelman] 23/12/2019 16:50

We must have missed that one your Greatness

[iamgreat1] 23/12/2019 16:38

Going down further tomorrow The company said the test will be well below expectations of the initial tests

[rumobejo] 23/12/2019 15:55

they are certainly killing eve

[bountyhunter] 23/12/2019 15:49

in your dreams

[iamgreat1] 23/12/2019 15:44

Sub 3p tomorrow

[soulsauce] 23/12/2019 13:55

Not a chance. They kind of know what they are doing. Let it come back with the overhang then fill your boots.

[rumobejo] 23/12/2019 12:34

AGM all going to plan for a prosper 2020

[rumobejo] 23/12/2019 12:29

10p and 20p comin in 2020, collect what you can now...

[tidy 2] 23/12/2019 09:03

Cheers boys.

[soulsauce] 23/12/2019 09:02

Tidy new shares are not locked in for 12months only those issued to Rkh. As discussed on here before there is going to be 150m issued to instis and investors. Seagulls is right.

[mustbefunny] 23/12/2019 08:56

Only the rockhopper shares are locked in

[tidy 2] 23/12/2019 08:53

New shares are locked in for 12 months.

[hope67] 23/12/2019 08:52

worth a listen hTtps://www.youtube.com/watch?time_continue=1&v=emagDTcmbJM&feature=emb_logo

[seagullsslimjim] 23/12/2019 08:44

Looks like maybe the placing shares are acting as a drag or just MM games as is often seen on AIM Fundamentals don't change though.

[soulsauce] 23/12/2019 08:09

News of some sort should be due from Jamaica soon. Be nice if we have managed to get a farm out.

[seagullsslimjim] 23/12/2019 08:05

in for £1900 more Did further calcs over the weekend and have short term 5.5-6p Production costs low in Egypt, oil price perky and Egyptian production revenues backdated to 01Jan2019 - That alone is a nice Brucie bonus !

[aimbagger] 23/12/2019 07:55

5.3p first target on the chart.