Urals Energy Share Discussion Threads

[martyn9] 13/8/2018 12:42

Perplexing,that's one word for it clangers. :))

[theclangers] 13/8/2018 12:37

Some selling again this AM, but the bid going up? Would suggest the MM want stock. Could it be they know good news coming, or a large buy order being filled!
Very perplexing. Or is it, MM here trade on sentiment and not the normal supply and demand?

[martyn9] 13/8/2018 12:28

Yes tone, we definately need a positive now with this drill at SD.Also a jv to increase production and a partner with expert drilling skills.

[lalria] 13/8/2018 10:11

At least we don't have long to wait for the next bit of news next month which should mean this is let go to back the £1.20 range and then move on from there just need to break the £1.00 barrier

[martyn9] 13/8/2018 09:57

Tone,£5 in 5yrs!!! it should be that now ffs.

[lalria] 13/8/2018 09:25

Tone it's looking good for today the last sell got a better price the the first this morning so looks like there maybe a bit order in

[tone the bone1] 13/8/2018 09:19

Patience .That is all we need and unless people are holding this stock in a negative position I see the Divi as far better than a 1% ISA
This could be £5 in 5 years.imo.

[neftanik] 13/8/2018 06:46

It saddens me that you could be making good money elsewhere rather than spending your whole life waiting for the "game changing news" that will never come.

[chavitravi2] 11/8/2018 12:55

Here lays Neft on a bed of sour grapes with no lnterest still looking in evermore.

[bangers and cash1] 11/8/2018 12:32

Neft, I recognise that you work in the oil industry and so have a lot of knowledge in this field. Is there anything you know that we don’t about Urals. I’m curious.

[neftanik] 11/8/2018 08:39

Your grave stone will be inscribed with, "here laysChav waiting for the good news"

[chavitravi2] 11/8/2018 07:50

I would suggest like us they anticipate good news coming in the near future and want stock to meet demand and make a killing on it.

[theclangers] 10/8/2018 23:58

Interesting trading day today, more sells than buys for sure, but the price went up, would suggest the MM want stock, why?

[chavitravi2] 10/8/2018 18:43

That's good then. Thought so since the oil producers instigated it. Also I heard a while ago we and others could upgrade refineries for higher production and better quality which I think has been done.
A reminder that we already have a bunker fuel office at the port we have now bought an interest in so we can produce to sell direct to this lucrative market and supply local product with ease with hopefully increased production from new wells. The refinery is well up to it.

[theclangers] 10/8/2018 17:54

Yes, Think it's better for us for sure. Would mean no export duty, just tax on combined company profits, so should encourage more exploration/expenditure on drilling, work overs, new equipment, acreage acquisitions and so forth, so costs can be offset against profits. For us it may encourage more investment towards the oil export side.

[chavitravi2] 10/8/2018 17:10

I reckon all this sounds good for us, though I dont really understand all the in's and outs of it. I/we would be interested in the opinion of those that do. Comments invited.

[chavitravi2] 10/8/2018 17:01

ER

Today 16:38

Russia Phasing Out Crude Oil Export Duty By 2024
By Tsvetana Paraskova - Aug 09, 2018, 3:00 AM CDT

Russia’s President Vladimir Putin has signed into law a bill to phase out Russia’s crude oil export duty by 2024, which is expected to increase export netbacks for oil producers.
Another oil-related law introduces the so-called ‘negative excise duty’, or excise refund for refiners, aimed at stimulating refinery upgrades and higher light oil product output.
At the beginning of June, Russia’s Finance and Energy Ministries said that they had agreed with the domestic oil companies to begin phasing out crude oil export duties by 5 percentage points annually over the next six years, from 30 percent now to zero as of 2024. The producers are happy about this: the duty—along with a so-called mineral resource tax based on production size—will be replaced by a profit-based tax that, oil companies say, will stimulate investments in oil production expansion. 

According to Platts, the phase-out of the oil export duty actually seeks to reduce state support for the local refining industry, which has—over the last ten years—exceeded industry spending on refinery modernization by five times. This success is largely due to the difference in oil export duties for crude oil and oil products.
Currently, oil product exports are taxed on the basis of a percentage of the crude oil export duty, which is tied to the price of oil. Changing that will save the Russian government some US$15.44 billion (1 trillion Russian rubles) a year from subsidies for refiners.
To cushion the impact on refineries from the rise in crude oil prices and the disappearance of the indirect subsidy, the Russian government will now be refunding refineries with the negative excise duty. Those excide refunds will be based on the amount of crude oil the refineries process, the light products they supply to the Russian market, and the distance to the markets. 
By Tsvetana Paraskova for Oilprice.com

[theclangers] 10/8/2018 15:31

Yeah, Can only get a price to buy up to 1k (99.9) then NT up to 3k premium price after that, can sell easy enough. Have a feeling the MM's are expecting this to rise the closer we get to drilling/work-over news.

[chavitravi2] 10/8/2018 13:27

They usually get to know stuff, probably see rns before anyone else.
But even knowing what we know is good odds this is going to go on news that's next out.

[theclangers] 10/8/2018 13:08

Still more sells than buys showing! I'm wondering if the MM's are in Accumulation Mode and are happy/wanting to take this up, then sell them back after any good news. I often wonder if MM's are ahead of the game and know what news (good or bad) is on the way. It's very much in the interest of their job to know.

[darren81] 10/8/2018 11:15

ive asked a couple of times if he got his order filled/part filled but no response, so starting to question whether any went through at all.

had another sneaky topup of 1,864 first thing this morning myself.

[kingkongtimmo] 10/8/2018 11:11

It's likely because he was talking nonsense

[chavitravi2] 10/8/2018 10:58

The 7k seller got nearly 97p the rest 95.6. Nearly 20k sold since about 9.30am.
Bengal should get the shares he wants if he still wants them.
Still not showing his Tuesday morning buy yet. Or his part filled order.

[theclangers] 10/8/2018 10:29

There must be hidden buy/buys, price has gone up, can only buy upto 1k for 99.9 and it's 104 for 5k.
More sells than buys showing for now. Is it MM games, or do they move the price more on sentiment.