Providence Resources - PVR Stream Log

I think you are right Spuddy. It will be interesting to see what happens to this share if the price of crude goes up. I think this share will go up, as well as people's perception of the share. There is a good bit of time ontill the board have to pay back any money, so let's hope for a turnaround in the oil market in the meanwhile. It is a terrible thing to say , but one of the options the board have is to farm out Barryroe at a knock down price and move onto the rest of the portfolio. If there is interest in the data room, that means that someone will buy it at some price.

Sorry that should be The International Energy agency that are saying that production from non Opec Countries will decline at the steepest rate in twenty years.

I see Goldman Sachs are saying that oil will remain lower for longer, based partial on storage being full. That is one of the interesting things about the US, The refiners create a bottle neck due to having a small number of refiners. So it is not that hard to fill storage. On the other side of the coin The Energy Information Agency are saying that the US will have a lower production of crude at nine million barrels and The Energy Information Agency are saying that production from non Opec Countries will decline at the steepest rate in twenty years. So it is hard to see Forty dollars a barrel next year like Goldman are saying. They did call oil at two hundred dollars a barrel a number of years ago, so I would think maybe they are talking the price down for their own purposes. Nothing wrong with that to be honest. That's their job.

Hi Spuddy, whilst I admire your optimism I believe you have used the phrase 'expect things will change [shortly] with reasons cited. How can you keep making claims like this?

Kursty did say a deal before end of year.. hete

ongc hopefully might be interested

/ongc-oil-india-under-press ure-to-raise-output-make-profit-despite-crude-price-slide/articleshow/48831010.cms

Could be that the share price that they mentioned is the price that is listed on the Irish Stock Exchange, which is a price of twenty two cent.

Nice volume, nice movement on the price. Now for that to keep going until November then we will have something to talk about.

until news on barryroe re farmout sucessful..everything else is just background noise