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The Fed turns the screws and the equity markets bleed red
Powell has been very deliberate in using the word “pain” in his speeches and writings for months
The stillness in trading for GulfSlope (and micros in general) is typical of big volatility days
Anticipation ….
If we can only end a few wars
Let’s start with the easy ones
War on fossil fuels
War on profitable big corporations
War on political dissidents
Seriously, even a small shift would make a huge difference
The world NEEDS a strong America
spec
The GOM rig count fell by 1 rig this week, but is still up by 33% from this same time a year ago. So the Industry predictions regarding a significant uptick in GOM drilling for 2023 appear to be accurate and coming to fruition.
Other oil and gas Annual forecasts are scheduled for this month. I am particularly interested in the U.S. EIA’s 2023 Annual Energy Outlook and OPEC’s 2023 World Oil Outlook.
WTI is up slightly to $80.75/bbl. Due to tightness in supply and increasing demand from China, we should probably expect crude prices to rise even further.
More later.
Mrs. Smith
Looking very thin and nothing significant showing on L2
.0065 X .008 but vapor thin
full moon on deck
that’s good for big tides and wildlife
spec
An old joke about Biden drilling for oil….
Joe is drilling in the ice for oil when he hears a voice call out from above,
“There is no oil under the ice.”
Joe looks up but doesn't see anyone. He asks - ‘can I at least drill and see for myself?’
The answer is in a louder tone,
“There is No Oil under the ice!”
Joe looks up and still can't see anyone. He thinks to himself - maybe I'm just hearing voices as he continues drilling.
The voice bellows louder than ever,
“There is No Oil under the ice!!!”
Joe begins to tremble as he asks - ‘who speaks to me?’
“I am the owner of the hockey rink.”
Joe should just let Gulfslope handle the drilling.
Mrs. Smith
Playlist loaded and cranked up to 11
Loud enough that the neighbors come over to join in the Friday groove
GSPE bid looking nice heading into the close
Tick tock
Enjoy your weekend with a green GSPE trend
spec
I really don’t think my GSPE ASK is big enough for them to float for 60 days. Maybe if I combine assets
GSPE I hope you get to use your weekend for making connections with places, ideas and people that truly enrich your lives. Yep, the very best kinds of commodities!
My tootsies will be doing a little dance with those weekend waves.
Freaky Friday vibe
Yep, high GTC sell orders is one way to skin a cat (or obstruct the short selling)
For a minute there in yesterday’s trading, I wasn’t sure if .007 was going to flip into a .0069 or slap that .008 ASK
Slap the ASK and set the shorts on FIRE!
Just smoldering is a lot better than sinking so that’s what I’m seeing
Like watching molasses flow uphill
Tick tock
WTI climbs to $79 and Nat gas to $2.85 on a generally positive market day
I have faith in good people and there are some good and brilliant people at work around the globe to better our world
Cheers
spec
Love it…
FYI - I have gigantic 60 day sell orders for all of my shares. If they hit I can retire. The reason I do it is so that the brokers can’t borrow my shares to sell to others. I hope you all do that with your shares. As the momentum builds it will be more and more important that there are less shares available on the float for stuff like that.
If anyone wants more info on it I am happy to explain but basically I put a 60 day good to close order sell out for like $5 per share.
Have to re-enter every 60 days or so. But that way no broker can “borrow” my shares to sell to someone else. It helps eliminate the messing around with price. Just an FYI.
Someone is soaking up shares smartly and deliberately (patiently)
Still GSPE lifts generally higher
Considering how “risk-off” the current situation is in micro cap world, no volume available for sale at these levels
JMO
Cheers
spec
Thank you WG, another great playlist and I really feel the vibe “diamonds taking shape”
Oil and gas trends are upward on China economic headlines (do we really trust the accuracy there?)
Mixed metrics here so volatility is the watchword
GulfSlope is still in a great position for investments into domestic oil & gas exploration
Isn’t this the M&A season?
If GSPE is going to bid on leases, I think they will almost certainly hit a disclosure threshold for an 8-K definitive agreement before the auction
Tick tock (the sound, not the malware app)
Cheers
spec
GSPE I’m having one of those special weeks where a gorgeous butterfly from the D Butterfly Garden might end up landing on my forehead just so it can give me a light kiss. You might receive a gentle kiss too if you stand right next to me Yep it never felt so gooood!
WTI drifts higher ~$77 Nat gas continues to rise from the extreme lows
GSPE gets just a few more ticks on the clock. bid-whacking a tiny amount just gets soaked up
Float appears locked up tightly and rational views on energy issues are being spoken
Enough with words
Drill Tau2
Cheers
spec
Runup to the lease sale?
March 29
BOEM GOM lease sale #259
WTI remarkably flat mid $70’s
Nat Gas bouncing off record lows Henry Hub currently $2.60 ish
Geopolitics smoking hot and less than cordial, watch your 6 at any critical infrastructure (just my take on current trends on risks)
spec
Peeking out of the shadows for a few moments.
From my perspective, the ‘challenge’ to GSPE shareholders is in the volume, not the price. The company however may prefer a higher share price because it reduces the potential costs of securing partners and financing. On Friday, we got a taste of both. And it tasted good.
Low volumes (whether buys or sells), and the prices that accompany them, are mostly meaningless in the overall scale, scope, and scheme of a company with 1.27 billion shares outstanding. But they do still have negative impacts by deterring interest from new investors.
Low volumes are bad for everyone, and low prices are not favorable for creating investor interest either. This is undesirable because, without actively participating investors, traders are reduced to ‘chipping’ away at each other. Recognize that investors are more critical to the future of the stock than traders. You decide if there is a benefit to driving them away. Or to damaging the stock.
Since many low volume trades are sacrificial moves meant to lower the share price, they are destined to lose money. The preferred trade is one of ‘fewer shares = less loss’. This results in even less interest from new investors. Show of Hands, which of us engages in this to LOSE money on purpose? Anyone???
Is this a rational strategy for ethical traders to embrace? The math simply does not work for making MONEY if measuring profit by counting dollars. Is the point of doing this for dollars, or to count minor trading victories?
All shareholders have different reasons for owning this stock. But none of us bought it for the outstanding earnings and financial performance.
I personally own it due to the potential for an explosion in the share price when oil is discovered. It will positively shake things up…. G-!!!!!-A-!!!!!-I-!!!!!-N.
Meetings, discussions, and interested people? An absolute probability. I may be talking to the wrong crowd or situated in the wrong location, but I have personally heard no ‘buzz’. Yet. Among traders I wonder if our buzz is focused on the correct topics to pique or hold the interest of an investor?
And be assured, I share my own buzz. “More (shares) is Better!” and so forth. So do I get partial credit?
Also, management is full-time beating the bushes for a partner. Just as many appointments as they can set up and as often as they can. Trust in it.
These people will also have contacts with others. So the word gets out. Among them, there is likely to be some with money enough to take personal positions. Especially when it appears the stock price might be strengthening.
These partner discussions are happening. So, wait for an announcement. We should then see .02 with no sweat. Drilling begins at +.04. You know the rest….
Please note…. If these low volume, low demand gyrations become the prevalent trend with GSPE stock, they might eventually kill our ride due to lack of interest. It will be difficult to jump-start and get going again. So we will then need to sit and wait. Or walk….
Yes, ‘challenge’ is the right word.
In conclusion, just a fun little ‘ditty’ set to the theme song from an old TV western re-run with Clint Eastwood (see link):
Churning, Churning, Churning….. Keep those shares a-churning….. Stir it up! Shake it up! Spit it out! Skim it off! Slap that Ask!... And keep going, going, going… on, and on, and ‘oh-oh’….. Sorry.
But I do find the use of a whip interesting to get volumes moving. Perhaps we could refer to it as ‘whipping the ask’, lol.
GSPE I’m almost ready to hop into Spring. How ‘bout you? I have a brilliant beyond brilliant idea, maybe I won’t hop at all. Change of plans. Let’s side aerial into Spring okie dokie? I’ve got you
Here comes the sun!
Me sharing my weekend playlist
Dollar volume is low for sure, but those bigger blocks today were all slaps on the ASK
The bid has been mildly bullish trending for a few weeks and the cheapest shares have been soaked up
Somewhere there is an appetite that isn’t satisfied
Cheech and Chong munchies?
Or Whales feeding?
It’s nothing yet, except that it’s the preferred direction
Insiders are loaded from early on and don’t need to be front running material news and risking the legal consequences
Just meetings or discussions can spur interested people who have no idea WHAT was discussed
Grab a few mil on a good vibe or a smile when they left the lobby? they’re cheap, no foul
If it’s more, hang on!
Have a great weekend!
spec
It’s still not really that much buying. Less than $10,000 traded today.
What’s most impressive to me is no one is willing to give up cheap almost free shares anymore.
God I hope there is some insider accumulation happening in advance of an announcement on the horizon!
If so that will make today’s 48% gain look like a rounding error.
Good luck everyone!!!!
I wonder where this buying is coming from.
GSPE up 50% to just short of a penny
An emerald in the Red Sea
Billowing smoke, sure looks like there’s a fire hidden somewhere
Penny candy anyone?
spec
8’s are gone, .006 x .009 is the spread
and as fast as I tapped this message …
there appears a tiny 10k ASK at .008
Sooo tempted
spec
Hmmmmm, a slap on that lovely ASK sends it to crazy 8 land
Wasn’t me
spec
Mixed metrics are all the rage and expectations are overpowering the current “deep dive” data points
Cherry picking the data can paint a colorful image of the robust American National GDP and consumption projections
The optimistic me says to see beyond the short term and grasp the incentive to navigate through these near field challenges (most notably the war on fossil fuel sentiment)
In the GSPE market space a notable event with the CENAQ SPAC from a while back - now trading as Verde VGAS
Somewhere, someone bungled an algorithm and the tape was gonzo, trading temporarily froze when L2 went off the rails
Take a look, it was crazy for a while and nothing except the expected ticker change a few days ago to explain the swings
It triggered a few alerts and one small sell for me
I have similar set of alerts on GulfSlope
One will trigger my favorite playlist
Living for that day
spec
A push to the right and no noise on a selloff in the broader market … could be a lot worse
The bid finally developed a glimmer of light but for most of the day a nearly 50% spread with no significant numbers showing at the ASK
WTI sideways mid $70’s and Nat Gas record lows ~$2.10
For the moment, vinyl chloride is getting more hate than oil and gas
Hedgehog mode until some uncertainty is resolved is my status
Well, that and a few dreams
GLTA
spec
Casual 48% gain on the day!
Enjoy your weekend everyone!
HOD close, .007 nice
Bond is back!
Ain’t gonna complain about that at all
“grumble …grumble…. no dang volume … grumble”
If it was just static noise, there would be something bigger than that very thin ASK
Enjoy your long weekend
Cheers
spec
Thanks! I see them in there now. The bid / ask were so wide it all looked blank to me. Had to scroll up and down to see it.
A tiny sliver of bright green against a backdrop of the Red Sea
GSPE up 27% on 10K shares total for the day so far
An oasis?
Or a mirage?
Thirsty?
Yes!
007 in the house on the ASK (just a tiny amount showing)
Fossil fuels still under attack, now directors are being sued by climate activist organizations
spec
(Question- is anyone else having issues with ihub latency for months now? Seems like every click takes 15 seconds to load)
I have been using the mobile app for TDAmeritrade and thinkorswim
Desktop thinkorswim gives a better view
But yeah, it’s looking poised to launch
No shares shaking loose
spec
PS -WTI dipping into the $75’s and gas down to $2.30’s currently
@Spec, where do you go for Level 2 data for GSPE? I used to use this site and now it looks like it will cost me 4k per year to access the bid / ask market depth.
https://www.otcmarkets.com/stock/GSPE/quote#level-2
I can’t see level 2 market depth on TOS or Etrade
Ask currently at .01
LFG!!!!!
If we get some volume, it’ll get loud really quickly
As I look at that sentence again, it makes total sense
But seriously, L2 has my attention on that super thin ASK
Everything is in place and just needs a tangible nugget of progress to light the fuse for GulfSlope
Cheers
spec
Nice!
I’m gettin’ ready for a big adventure!!
GSPE in case you didn’t already know I really hope your weekend is special!!!
It’s a vibe thing
Good morning, I wanted to get a chance to chew on a few bits
But my read on it is - the three bids still active
Market seems to be showing a firm bottom
spec
Todays 10-Q, Under recent developments they mention evaluating 10 producing properties and bidding on 4, we were aware of that from past filing. Makes mention of one seller stating GSPE bid not competitive on one of the submissions. Question... last sentence. "The Company is currently engaged in seeking debt and equity financing for the remaining opportunities".
Do you read that as referencing the other three that were bid on, or the remaining 6 that were not?
Super quiet with just a few small trades
No GSPE chatter detected elsewhere
The ASK is still super thin so no significant quantity of shares are getting shaken loose
WTI holding $79
Nat gas still in the mid 2’s at $2.60
Tick tock
spec
A one-pinky slap took out the .005 ASK
Super thin ASK
Half-penny is the bid now
Volume is only a whisper
WTI - $80 again but Nat gas still $2.50
spec
GSPE wishing you a golden week!
Yep I was groovin’ to this earlier
Thoughts on Thursday - Energy Supercycle Averted?
Snooze alert, long-winded market perspective ahead
There's a crackling fire in the woodstove, rain pattering on the roof, the ice is too thin for fishing, and I have 1 bar of cellular signal .....
Is the energy supercycle a myth?
was it side-lined? .... is it finished?? Is that all there was?
Has Covid changed the fundamental nature of mankind so much that past records can no longer be relied upon to project trends at all?
Nope, the changes recently sweeping throughout the globe are transformative, but Covid is just a small (and recent) chunk of the crap-tide
The 800-pound gorilla that nobody wants to look directly in the eye ....
... the inflamed boil, a pustule that's only going to get worse ....
... and will eventually either burst (in the most repulsive way possible) or cause the demise of the host ...
... is the weaponization of climate science and various additional societal fears (insert EVERY campaign topic here)
... all for political power which has become the slush fund for career politicians (and everyone in their orbit)
We're "three legs deep" in a proxy war (actually several, but one dominates the checkbook and headlines) and cornpop has nukes
.... just things to keep an eye on ...
Time to chop some wood and hope that our society can lance this boil in every affected country
We can steer a path that empowers everyone to live a better, more secure life
Defund the swamp, decentralize power, Drill Tau2
Cheers
spec
A bit of a lift for crude and nat gas today
… must be a sudden discovery that the supply side has far more instability as compared with the inevitable demand growth globally
Well, that’s my idle attempt at sarcasm
Cruise, snooze, or booze till there’s news
spec
COP got kneecapped on their Willow project
A change in late-stage project permitting injects additional costs and reduces the breadth of potential targets
So, the effect is - “sure, you have an approval just as long as you only drill a portion of the locations”….
…. “and those are still pending our final review of these new additional carbon/climate calculations that you must provide”
These actions are impeding the upstream investment that is so desperately needed …
By our entire nation
GulfSlope is in a perfect location to be the channel of investment to that goal
Currently though, the tide is slack
spec
Recap the past several days -
The bid began to falter on Friday and hasn’t been strong enough since then to maintain momentum
Without volume there is no solid direction …
…just filling the tax sale divot
Market is jittery, especially the energy sector
One solid ground truth to fact-check the market manipulators - -
-the juggernaut of global oil demand WILL NOT BE TAMED by more government intervention
spec
Indeed, this will be our year
ASKs will get slapped and shorts will get burned
No worries, I know first aid
Thanks for the great playlist
hoping to see this rumble turn into a bigger push higher as markets digest the performance projected for the fossil fuel sector
For many, plays like GSPE are "spillover" plays when you've got the energy sector generally covered but you're looking for a bit of high risk/reward exposure
If GOM exploration gets some easing of permitting (in actions, not words) we could get really crazy, really fast
WTI $79
Nat Gas falls further to $2.60
OPEC+ leaves quotas unchanged
Cheers,
spec
I’ve got an audio alarm set too for my GSPE ASK.
STOP DROP & ROLL
Big market slide into the red today
WTI slides under $78
Nat gas in the gutter $2.70
GSPE hasn’t shaken loose many shares considering the recent upward push
ASK is still extremely thin but I only was able to glance a few times
I’ve got a custom alert set for GSPE with volume and price settings
If it triggers, an audio alarm goes off …
…it’s the sound of a fishing reel screaming “hooked up!”
Hoping to hear that sound soon
Cheers
spec
Much appreciated. My sincere ‘Thank You’ for the support and well wishes. I will be back before you know it.
In my absence, remember the Mantra, Many More shares Matters Most!
Up, up and away. Leaving on my beautiful GSPE balloon.
Mrs. Smith
Good luck with whatever you’re tending to Mrs Smith
GSPE wishing you a cozy Sunday
I may be MIA for a while. Not sure yet, but likely. So keep an eye out for el Mucho Lurko in case he has a question.
Spec will be fine without my presence. I will be back as soon as possible.
Until then,
Mrs. Smith
My Perception was that the Participant’s Performance was conducted Professionaly while Palavering about Popular energy Policies, and they did not disrespect the Platform. They seemed knowledgeable and I did not hear anything too objectionable. But it was +2 hours long.
One of the key points made is that between now and 2050 natural gas will stay a critical component of U.S. energy.
Super Yikes! Now we are cooking with GAS. The molecules of US energy independence. From GOM production too, I trust. So bring it on and drill Tau 2.
Mrs. Smith
That's a very worthwhile dialog to understand and frame our current energy market climate and forecasts
Edit - this is the roundtable meeting video post that I refer to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171048417
One caveat - Since it is a televised congressional committee hearing, it is subject to the usual political circus priorities, sound bites, gotcha's, touche's, lies, and ignorance
In between it is laced with nuggets of wisdom and valuable observations, mostly from the real-world experts, just a few from House members
I do love it when a Rep tries to get a YouTube snippet of a dig on some aspect of the energy industry and the response is quick, truthful, and just BODY SLAMS the Rep in his face
Folks, don't let the congressional clown show (and embedded lies) distract you, observe the important stuff in between
That video is a good update on the tone of our relevant sector policies
Some very encouraging dialog and the upstream sector is feeling the tide rising
WTI started strong, topped $82, and has already fallen to $80
Nat Gas falls below $3
spec
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