Crude Oil

[shasta]

Shasta

PETSEC ENERGY LIMITED (PSA)
AMADEUS ENERGY LIMITED (AMU)
STRIKE OIL LIMITED (STX)
PRYME OIL & GAS LIMITED (PYM)

and WPL, should have got in to this one when sniper indicated few years back, with company production set to 3X in 2012, I got in at 40.

was in NZO from 85x, just waiting for oil spill sorted out for re entry.

Nice work, am looking at AMU, BOW, IPM plus a return to NWE & STX.

Am holding NZO, OEL & PSA & fast becoming a goldbug...

Blackgold that is!

Seems whilst GOLD ticks over nicely, BLACKGOLD is kicking & screaming!

Am looking to add more mid tier O&G producers into the mix

[shane_m]

Oil soars to touch $95 a barrel

[Hawke]

Fux- Oil is over $95 on the Nymex!

PPP is pumping hard. Nice.

Hawke.

[bermuda]

www.energybulletin.net
peak Oil
29 October
Kenneth Deffeyes

Hey we just have to get this message across.

We have an "early Peak Oil Situation"

I have watched this for so many years and now it is unfolding before me.

It's early days yet but this will take a bit of understanding.

[Mick100]

[quote=Mick100;170570][quote=Mick100;169708][quote=Mick100;167752][quote=Mick100;166946]Commercial (hedgers) net shorts positions

price open interest
7/08/07 net short 117500 71.50
14/08/07 net short 85700 72.00
21/08/07 net short 42600 71.00
28/08/07 net short 25000 74.00
4/09/07 net short 34500 77.00
11/09/07 net short 36000 77.50
18/09/07 net short 44500 81.00
25/09/07 net short 45300 79.50

2/10/07 net short 59500 80.00
9/10/07 net short 66000 80.26
16/10/07 net short 78000 87.61
23/10/07 net short 60000 85.27 1,408,000
30/10/07 net short 77400 90.38 1,448,000

commercials added 34400 short and added 16700 long positions for an increase in net shorts of 17400 for the week

My arbitrary line, for net shorts indicating price is close to peaking, is at 90,000 to 95,000 range - it could go quite a bit higher than this of course, and probably will

If the price stays in the high 90s early next week I think the net short position will go over 90,000 next weekend

[bermuda]

am pretty glad are overweight in oil @ about 65% of portfolio

M

Am 94% in oil...6% in PRC. (why else with oil in huge demand )
We have an early peak oil situations on our hands. And it is all coming out now..left right and centre. Even the CEO of Total admitted it.

We have all been following this story and now it is all starting to happen.

See energybulletin.net Kenneth Deffreyes Oct 29 Feedbacks Loops


Please read this. It is a brilliant prognosis

[shasta]

Am 94% in oil...6% in PRC. (why else with oil in huge demand )
We have an early peak oil situations on our hands. And it is all coming out now..left right and centre. Even the CEO of Total admitted it.

We have all been following this story and now it is all starting to happen.

See energybulletin.net Kenneth Deffreyes Oct 29 Feedbacks Loops


Please read this. It is a brilliant prognosis

Thanks for the link to that article Bermuda, very interesting read...

Am 60 - 65% in O&G myself & looking to add to it...

$US100/bbl is coming & we all better get used to it!

[Mick100]

[quote=Mick100;171491][quote=Mick100;170570][quote=Mick100;169708][quote=Mick100;167752][quote=Mick100;166946]Commercial (hedgers) net shorts positions

price open interest
7/08/07 net short 117500 71.50
14/08/07 net short 85700 72.00
21/08/07 net short 42600 71.00
28/08/07 net short 25000 74.00
4/09/07 net short 34500 77.00
11/09/07 net short 36000 77.50
18/09/07 net short 44500 81.00
25/09/07 net short 45300 79.50

2/10/07 net short 59500 80.00
9/10/07 net short 66000 80.26
16/10/07 net short 78000 87.61
23/10/07 net short 60000 85.27 1,408,000
30/10/07 net short 77400 90.38 1,448,000
06/11/07 net short 84000 96.70 1,513,000

commercials added 52200 short and 45500 long for an increase in net shorts of 6700 for the week - a small increase in net shorts relative to the increase in the price which was up $6.32 for the week

Look's like we are going to push through $100 - probably next week
.

[Huang Chung]

Does anyone else get the feeling that it doesn't matter whether oil is at $70 or $100, the share prices of mid-sized oilers such as ARQ and BPT just don't seem to move ahead...

[macduffy]

Yes, totally mystifying and frustrating.
Makes me wonder if this is a sign that the great bull has run his course? (Except for BHP/RIO of course!)

Disc: Hold ARC/BPT - and other oilers.