Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Feels like the tide is rising a bit
Bid showing some potential and that ASK is …
spec
Nothing different today, negligible volume and some jiggles of bid building
So, just a hammock-induced speculation on ripples in the GOM assets
Global operators are currently under huge social pressures to make “green noises”, posturing for social acceptance, anything to deflect from the vitriolic narrative that has attacked the fossil fuel sector
Shell says “our production has peaked” and several majors are pouring $Billions into low-carbon, carbon capture, hydrogen, yada … yada …. yada
All to “please” those who attack, and especially those who can TAX
Cue the EU “windfall profit tax” theme song ….
One of the maneuvers to trim production is divestment of non-core assets …
…. like smaller producing properties
…. GOM assets in that category are exactly what GulfSlope is shopping for
The market for those properties can’t be very broad due to entry barriers inherent to the sector
Generally, I think it is fair to consider that the relevant dynamic SHOULD be shifted towards a “discount” pricing environment or a “buyer’s market” type situation
So, while rig lease and overall well costs appear to remain on the higher end, lease and property acquisition costs could be trending in a favorable direction
Big incentives to get GulfSlope active again and it is clear that the lights are on and the mission remains alive
If my Mega Millions ticket wins tonight I will call GulfSlope and light the fuse myself
BTW, I jumped too many time zones yesterday, it was actually the 3rd day of the circus and today is day 4
Maybe there will be a Speaker elected soon so that a few important issues can be rectified
Cheers
spec
Groundhog Day - rerun of yesterday
Little bump, little dump
Insignificant volume still but that seems to be the norm at this stage of waiting
WTI bouncy day but still low $70’s, Nat Gas low $4
Pretty much where it would be expected to trend in a stable, well supplied market
That’s not where the market is
No direction on policies due to the stalemate in the election of the new Speaker of the House (circus day 2)
Yup
Just another day
spec
A little spark but it didn’t get a supporting follow-up move before a seller whacked the bid
Bumpy but better than a week ago
WTI down $73
Nat Gas hangs at just above $4
Swamp circus reminds us that old bad habits are hard to cure
Still, there is a light ahead
spec
Oil took a lot of heat today on the gloomy economic headlines
GSPE bright green and a close b/a of .0044/.005
Alas, just a whisper of volume
WTI slips to close @ $77 and everyone is warm enough to keep nat gas @ $4
If anyone sees movement in permitting reform or other critical developments, please post us a link here
spec
Yes indeed, the miocene reservoir at Tau has a kitchen that serves up the high grade, low-sulfur, crude the fetches the premium price
The evidence so far today suggests that the fall from .005 was driven almost entirely by tax selling
Until there is solid good news it’s going to be a little unsteady, I think
Good things ahead and fossil fuels are vitally important to us all
Some folks just don’t see it yet
Confident in a bright future for domestic oil & gas production
spec
By the way spec, Louisiana Light Sweet crude (LLS) is still over $80 (lol).
As forecast, integrated oil majors returning to Permian and GOM. Exploration will become a priority in 2023.
https://oilprice.com/Energy/Energy-General/Oil-Majors-Exxon-And-Chevron-Shift-Focus-To-Americas.html
Mrs. Smith
New Year and goodbye to the energy crisis!
Well, probably not ….
WTI slipping to $78 again and Nat Gas to FOUR $ ….. what?????
You would think it’s all solved
But the swamp battles are just getting lined up on the 2023 grid
Thankfully, the US is in pretty good shape as far as resilience and capacity as compared to many other nations
It’s not going to be easy or smooth, but I hope the affordability of energy takes front stage because it underpins most of the strengths and opportunities ahead for us all
Peace, Love, and Prosperity ahead in 2023
Drilling Tau2 will be an excellent contribution to that goal
Cheers,
spec
Loved seeing the 67% increase in share price today! Made my “Whale Light” purchases under .0035 look like Warren Buffett! LOL The majority of my shares were purchased north of .03 though, so still need to see some meaningful moves higher but a small moral victory is a great way to close the year! Thanks to all of you for your words of wisdom in here. Cheers to a great 2023 for all of you!
A great turn of events!
The market reaction was very positive and as smith199 mentioned, the vast majority of shares remain locked up tight
at the close, there was less than $50 showing on the sell side under .01 and a Benjamin-size market order might have slapped it to a penny
The bid was broad for the last few days but as it became apparent that there was little offloading for tax reasons, the ASK got a few well-deserved slaps today
Todays tape will trigger lots of scans and we should add new eyes to the GulfSlope ticker (might see a few new folks here too)
The 10-K had enough new narrative to stoke my confidence while still balancing the need to see actual, tangible changes in regulations and policy (as practiced, not just rhetoric) to spur investment in domestic fossil fuel production
The treasure is still there .....
.... waiting
WTI ticks up to $80 to close a turbulent year
Happy New Year for everyone and thank you for your participation, opinions, data, support for others, and good spirits
Here's to living life well and being with family and loved ones whenever you can
If you haven't see your footsteps glow on the beach at night ....
... you simply haven't been looking enough
... at the beach
... at night
a magical light that infuses your soul with wonder
Hi GSPE
Popped in to see what’s up and to wish my favorite moderator Happy New Year!
Thanks for all your efforts on the GSPE board. You’re truly awesome!!!
GSPE’s mood
Interesting tape today
I will wait till after the close before I comment more
Don’t want to disturb the flow that I am seeing
spec
Last day for tax selling
Prices didn’t get slashed for the day … yet
Bid has been building stronger and broader for the past 3 sessions
ASK is thin and a leap away
GSPE trading near 52 week lows still
WTI sideways at $79ish
Tau2 (or other prospects/production) in 2023 is coming into view
spec
TB7 (aka WL7), you called it! Yes, just a little bit of good news and your recent GSPE share purchases will payoff like a slot machine.
Making a couple of assumptions and doing some math exercises shows that, @ $100/bbl, for every thousand barrels of production per day for an offshore platform, the GSPE stock could rise to as much as 2-1/2 to 3 cents per share.
That is a gross number, without taking out costs and overhead. But still, it is a very healthy return for a cost basis of .0024, .0033, .0055, or even .01.
And while fantasizing, there are three properties under consideration. What if all three make only a thousand barrels per day each? And then the well(s) are drilled. Are we to $2 yet?
So there is the formula for wealth. And do not despair. Even though you did not make $100 for each 100,000 shares traded, by holding your shares while the production plan develops, your net worth is, as you predicted, now ‘unreal’.
And bonus, each time we go through a period of good news, the cycle repeats. The difference is that each time, instead of making $100, we are making $100,000, and perhaps much more as it is cumulative. And more shares equals higher wealth.
That is the moral to the story. And most people miss it, because they do not stick around for the finale. That is the approach used by the whales and the reason why oil is called ‘black gold’. And just because Joe wants everyone to drive EVs is not going to change it.
Yes, we are more likely to get good news than not. And if you happen to get caught ‘out of the stock’ on days the news breaks, there is also a formula to calculate the amount of money you do not make. And buying back in again? Costly.
Follow the money.
Mrs. Smith
Recent developments-
Evaluation of 10 producing properties
Bids on 4
Note 12 - $650k in CD SPA
And of course the NOL’s (Noel …. Noel … it’s a seasonal thing?)
Seems like I have been getting subliminal messages about Noel in every mall that I have been in recently
Hmmmmm
spec
10-K filed AH
Haven’t opened it yet
Always the optimist, I will be searching for Tau2 and anything else that might be helpful
Chime in if something lights your shorts on fire
spec
Permission granted
Okay. In that case, with your permission, we will fondly refer to you as ‘whale-light7’.
Mrs. Smith
Always trying to emulate the Right Whale here
In for Tau2
WTI sideways at $77ish Markets are hot today!
Cheers
spec
Had some spare time myself so picked up a few shares at .0024 lol
I’m probably more of a minnow than a whale lol
‘Dude’ you are going to be reclassified as a ‘whale’ if you keep that up!
I am not trying to hog the board. Had some spare time, so I am giving spec the morning off if he wants it.
Mrs. Smith
Has anyone in this forum scooped up any of these dirt cheap shares? If so the reward could be unreal if and when we get some good news. I grabbed some at .00325 and .0035 but haven’t gotten any sub .003
Lol that’s awesome. Happy holidays btw!
Patience and perseverance.
Did you notice the warnings about driving EVs in the cold? Evidently their range is very negatively affected by the colder temperatures. The batteries also take much longer to charge in the cold weather. Both these issues are a definite nuisance. But the warnings were about finding yourself stranded in a blizzard with no power to run your vehicle heater. A situation to be avoided at all costs.
Not only that, but some renewable projects are being abandoned because, although they look good on paper, ‘in the real world it is not that easy at all’. Investors are sensing that this is just a debacle waiting to happen. And they are pulling out. Look no further than Germany and Switzerland, where the coal-fired plant furnaces are all fired back up to generate the power to survive the winter. Wind and solar? An after thought.
So be patient, the trend is in our favor. Renewables will become a supplement to natural gas. Not the other way around. Countries and states that try to force renewables will go bankrupt. Supplies are tight. Exploration will become a priority.
https://archive.ph/pcjK3#selection-301.278-301.398
https://www.realclearenergy.org/articles/2022/12/23/big_wins_for_parrots_and_whales_as_wind_projects_in_tasmania_and_massachusetts_are_scuttled_871881.html
Mrs. Smith
I had brunch with John over the Holidays, lol.
Do not forget, 10-K this week.
Mrs. Smith
A Mil on the bid
but it’s a dirt bid
3 days of tax season left
Tick tock
WTI back down to $78
spec
GSPE just little ol’ me sharing my energy again. Hope you’re having a sunny and delightful day also
“May he give you the desire of your heart and make all your plans succeed.”
WTI slowly ticks up a tad $80.50
Russia says no oil to countries that support the Russian oil price caps
spec
Yes, good point. My thoughts exactly.
If the ‘whales’ are standing pat, then why should we panic? Whatever is going on with these buys and sells at the open are not indicative of any weakness in GSPE beyond the fact that another partner/investor is needed to drill the wells. So ‘old news’ and nothing new here.
In my opinion, the reality is that we are more likely to get good news than not, and the stability of the 1,300 million shares not trading says to me this stock should probably still be up around 2-cents. And all these gyrations may be perceived by the whales as mostly peripheral to the actual value.
Is it possible that market makers are making deals to ‘stock up’ on their inventory at a discount? The shares to be used for resales as the stock price rebounds, or to hold for huge gains if a successful well is drilled. Are these guys the sharks?
I know even less about the workings of those guys than I do about trading, but it occurs to me that for these sells to be happening, buyers are needed. So, the question of ‘who is it that is willing to buy this stock right now’ is still on my mind. And these guys do fit one of the profiles.
But rather than complain, I am content for now to be a minnow swimming in the presence of whales.
Blessed be the whales.
Merry Christmas and Happy New Year.
Mrs. Smith
Thank you for the observations regarding data and knowledge. I must do that to keep up with your example.
Merry Christmas and Happy New Year to you and all the little fish in this school as well.
Mrs. Smith
LOL, and you’re exactly right about the valuation
It’s the mystery unknown ……
Who knows, I might need to start a support group, THA
Treasure Hunters Anonymous?
With a little luck, it’ll be an awesome first meeting
spec
WTI peeks at the $80’s (I see it peeking, not peaking)
Make that your .2 cents Spec LOL Heyoooooooo!!!!!
I’ve came to terms with the fact that these same shares that are getting traded back and forth lower and lower will essentially take it to almost zero.
The 1.3 billion plus shares that are still being held by investors hold the true value of any future drilling project.
If and when we get some positive news I would assume we would see a significant pop to the tune of a 500% or more move at these levels. That news could never come, but then we will know the true value of GSPE. Right now I do not feel this share price is an accurate representation of it.
Just my .2 cents.
GSPE prints an all time low .002 with a 500K block dumped at the open
Bah humbug
WTI inches higher after inflation data shows tapering
Let the cherry picking and spinning begin
My 2 cents- too much of the tapering inflation is attributed to energy costs which are in an unsustainable dip
spec
Commodities (and especially energy) are the spine of our global economy so there’s a baseline security factor there somewhere
I’m more guilty than most as a scalper along the way but I fully respect anyone’s moves or timelines
That said, the sector has been hot, many folks could see an advantage in letting go, book the loss on their other gains, dry powder for news in the new year …
So there’s always an excuse for quitters (sellers) LOL
Holders have guts
BTW, you bring great data and knowledge bandwidth to the board
Merry Christmas to all
spec
Dow down 475, WTI sideways $78
Someone please lend me a straw!
So I can suck it up. Yes, there are those trying to pick the bones, but prematurely. With determination, the company perseveres. As do I.
At this price level, I will not stress over any sells, or celebrate any buys, of only a few shares, or even 1,000,000. Now 10,000,000 will certainly get my attention. But we have not seen anything like that recently.
And we will not. Not until good news from Gulfslope. It will take partnership news or a drilling deal to bust out buying like that.
Perspective. A recent low trade was barely 1% of the low total volume on that day, with a value of $15. Not really all that unsettling. I think that was the main essence of spec’s message at the time. And I agree.
To me, the question is not so much who is selling or what is their motivation? The questions should be who is it that is willing to buy? And why now? If it is believed the stock is valued correctly, why would anyone buy now? And if the stock is undervalued, who will sell now? Obviously, there is a disconnect here.
But folks have the right to sell and take a loss on purpose. Although I struggle to see the rationale for trading a small limited benefit in income tax reduction for a missed opportunity at a much larger return. I am not sure I buy it.
But what if this is nothing more than a coordinated attempt to influence the price lower for someone’s own advantage and purposes. And that is all it was. Nothing but a transitory moment in the dynamics of a stock’s expected day-to-day fluctuations. Accordingly, there is no ‘yikes’ moment to direct our attention towards. That is the bottom line.
The answer to the question of who is willing to buy right now might be a simple one. Consider that the way to huge returns in this stock involve amassing large numbers of shares. And pushing the share price as low as possible enables buying large volumes for small investment. The only problem is there are not large numbers of shares for sale. But what if shareholders can be convinced to sell?
Not a new strategy. The next step will be to reverse course and support the stock to rise. At some point, the shares will be sold for a healthy gain, but probably not a huge return.
I have no interest in playing penny ante, and it is one’s own trade decision and one’s own pocket to do as one sees fit. Choosing the investing path that is seen as most appealing that can justify the risk for the reward offered?
But, I will need a better stimulus to act. I was once told that there is never money lost, nor made, until after the trade. There is no money to be made on trades these days, and I find no justification to incur any loss either. So, standing pat is still my stance for now, shares in my pocket. Just awaiting the news that changes the stock’s fundamentals moving forward. And then on to the ‘Big Show’.
My DNA seems to lack the requirements to be a trader. I prefer patience and perseverance with a wildcatter’s instinct. But no penny ante here. My stock will be sold, but for dollars.
Merry Christmas and Happy New Year.
Mrs. Smith
Broad sell off as recession and China share the headlines with our insane congressional monkey house Omnibus bill
Shut it down
Hopefully 2023 can show us something useful from the swamp
gotta run, back later
spec
GSPE be like
Markets rise, WTI ticks up to $78 and Nat gas slips to $5.35
GSPE gets a few dropped on the bid and another trading day of tax selling season is in the can
Thinking of the future….
…. I see very favorable developments in many important categories that will enable successful reversal of the poorly engineered domestic energy policy we are currently suffering with
Can’t wait to see the heat get turned up !!
Tick tock and crickets here but I don’t mind keeping the beat like a metronome
No code blue on my watch
spec
Tighten up now - Bank of Japan makes top headlines by joining the tightening squeeze
Global monetary tightening now, “Don’t fight the FED” goes global
Tightened monetary policy has many indirect effects on the market slice where GSPE operates, the most direct would be the dynamic of “long term” vs “short term” development projects
The cost of capital puts the quicker “time to first oil” projects in a more favorable position
Archived footage of spec on the dance floor- check out my awesome and timeless moves just past the 5 min mark
Song - “Tighten Up”
Who dat slapping the ASK?
I’m liking it, but I always get my stocking stuffers on the low, low dirt bids
Anyway, we’ll soon know if it’s the “shakerzzzzz” (momo)
650K is a little bit of volume but no real strength on the bid has been achieved yet
WTI sideways at $75 ish and another 250 points off the DOW
GSPE …. Tick Tock
Cheers,
spec
Pocket change in dollar volume but she is pretty in that shade of green
GulfSlope has a treasure map and 27 jiggybytes of data that previously had 3 sets of partners onboard (includes the one that was never named but was in negotiations regarding the shallow prospects)
And FWIW, as long as the lights are on, the NOLs are probably worth more than the current valuation, so there’s that …
If (and it’s still a lottery ticket) GSPE gets a drilling program set up in 2023, these prices under half a penny are going to shine even with dilutive financing (within reason, LOL)
spec
I’m “iced out” of the tree stand because nobody wants to take a falling branch to the face in 45 mph winds
Getting picky where I take my camera these days
Teeny tiny bit of buying up some shares today. I know it doesn’t really matter, but it’s nice to see the share price green LOL
GSPE me sharing my sunshine
“Beware the opening tiny tap and closing final slap”
Where the volume goes is where to look
I’m not saying this price range isn’t a bummer
The tax selling push could reasonably be expected to roll through a lot more volume than it is …
… so far
—-
WTI solidly over $75 again after that quick test of $70
spec
Well dayummmmm .0022 is almost worthless territory. Yikes
Instead the Time man of the year was Zelenski. I read an article that said we have given Ukraine 13 years worth of production of stinger missile production and 5 years of javelin rule missile production in a short 10 months. Between this and draining the SPR to record lows we are really putting ourselves in a bad spot.
A ray of sunshine to start the day on the big boards
WTI slowly headed higher at $73 after falling and nearly breaking the $70 level
GSPE hasn’t rebounded yet from the Turkey season slide down from half a penny
Tax selling is only a trickle but it’s keeping the price down
The macroeconomic outlook is improving for domestic oil exploration but tangible changes are needed
Time - Man of the year - should be Elon Musk, IMO, for boldly exposing the most corrupt people in the world
Grinding through the global mayhem in style here at the edge of the grid
Sunny days on the horizon
spec
Followers
|
91
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
7975
|
Created
|
06/11/14
|
Type
|
Free
|
Moderators spec machine smith199 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |