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It’s wild that more people haven’t picked up on this run
It’s a classic micro cap smash hit as it realizes profits (above the capex of expanding staff, facilities, and inventory)
Military contracts in a rapidly expanding subsea market, can’t get any better than that
More to come
spec
Egypt needs the hard $USD cash that comes from oil exports
Vaalco had the leverage to make huge progress on the “tax” vs “social program” payments
TGA couldn’t get paid (credit for oil delivered to government) and was put in an untenable situation
Vaalco pulled their carcass out of the fire and turned it into a profitable division
spec
$EGY pushing thru $6
Should have plenty of support to prevent a rollback
spec
Well, Gabon has performed reliably and there are new efficiencies that begin to trickle down after the one-off charges for the acquisitions roll off
spec
I’m going to throw in my 2 cents (big surprise)
Probably no “manipulation” going on at this point, there’s no reason for it
No bid or ask is being publicly displayed (whatever numbers are being displayed in trader accounts are stale leftovers), therefore manipulation by the usual definition in trader terms isn’t really possible
As for the larger, multi-million trades, I think they’re likely just close-out transactions either because the shareholder wants to book the loss and move on, or it’s an involuntary sale for whatever reason (margin call, unrelated court order, death, etc…)
The smaller ones like the 10k share tic might simply be MMs truing up their “house share” accounts
Brokers and MMs don’t pay transaction fees and sometimes a trade of just 1 or 2 shares will happen in any equity, either for a regular trade or an “adjustment” transaction
Transaction fees and commissions are between trader and broker/MM so yes, there’s a cost to close out (or partial sale) to the shareholders who sell
So it doesn’t make sense to voluntarily sell a few thousand shares except for other reasons as I mentioned
Cheers
spec
That must have been it, LOL
It’s a little annoying after a while with those bogus numbers popping up and changing account totals all the time
I’m keeping the faith for our domestic fossil fuel sector, and by extension, GulfSlope’s chance to execute a drilling program
They need more than that, of course, but strength in the sector is key to obtaining financing for further exploration drilling
The prognosis is firming up every day, IMO
WTI still hugging the 70’s zone
Cheers
spec
I smell smoke
Celebration bonfire for “drill baby drill” ?
Streaming live now
Storm brewing across the Gulf but otherwise, probably a good outlook going forward
Crude still at or near 52 week lows on expectations of reliable Middle East production plus Libya’s additional production continuing
Cheers
spec
Thank you, that’s a pretty comprehensive analysis and report
I haven’t read the whole thing yet but just skimming through, it is loaded with details and visuals
One of the particulars that you brought up is the low scores on environmental impacts of wind and solar
That drumbeat of - “hey, you realize these green idols aren’t very environmentally friendly if you look st the full life cycle, don’t you???”
… has been pounded for years now
but it’s battling a cult of “good intentions” that has been poured into some people’s heads … for even longer
I am looking forward to reading this analysis in its entirety (on a bigger screen than my phone)
On other fronts - economic jitters and disappointing jobs numbers hit the markets hard but barring any major impact from a bank collapse or major escalation in a war (or two), I don’t see any reason why Monday wouldn’t see a rebound of everything except the super bloated AI and tech companies
WTI still on the low end of the range at $68 currently
Counting the days until a change in leadership that will likely be a major improvement in the domestic energy sector
It’s encouraging to hear people figuring out what is truly wrong with the current direction
and how many lies they have been told, repeatedly
The truth can’t be censored in a free society
Cheers and enjoy your weekend everyone
spec
A great holiday weekend of fun meets a sharp slide on wall street
WTI dips to the lower end of its recent range, currently $70 even as 2 more tankers are hit by terrorists
9 long weeks to be battered with distracting political games and their propaganda
Unfortunately, the widespread distrust in all political parties and many government agencies, remains in uncharted territory
The SCOTUS reversal of the Chevron decision is (IMO) the first major, tangible, metric that shows a reduction in the rapidly growing power grab in DC
That’s encouraging, and a rebalancing of elected representatives to better govern our republic will certainly be appreciated, both here and abroad
Keep the skies blue and the SPF numbers up
Cheers
spec
I noticed a blip on the tape yesterday, actually it was a volume alert that I had set a while back
At 12M shares, it was well past the trigger
If anyone is familiar with the nuts and bolts of these transactions, I would be very interested in hearing about how they work
Secondly, I’m not sure why anyone would dump at this time, assuming the price was as tallied on the tape
12M for about the equivalent of a few tanks of gas for the Suburban
Seems like tides are at least looking clearer on the choices in the upcoming election, looks favorable to me
If someone needed to book their losses in GSPE, for tax reasons, I would certainly understand
Otherwise, I would feel like it was throwing away a lottery ticket a couple months before the drawing
Cheers everyone, enjoy your weekend
And thank you WG for another great playlist
Long live the great vibes with a lemonade in da shade
spec
There are a few metrics leaning in the right direction
Security is much more desirable than destruction
Drill baby drill
☮️☮️
peace
spec
Energy sector volatility bumps higher with Houthi rebels destroying a previously seized crude tanker in the Red Sea, an ecological disaster X10 if it was fully laden
Both major hot wars escalate again, US made and supplied glide bombs used against Russia as battle lines push deeper
and IDF conducted a major (preemptive) strike in Lebanon, thus fully involved on their Northern front
Physics (cumulative losses in people and property), Economics (the drain on human productivity), and the History of Civilization …..
are ALL in the UNSUSTAINABLE zone
Right on schedule
Stay sharp, enjoy some lemonade, and hopefully we will be witness to the beginning of long peaceful and prosperous millennium
☮️ ☮️ X2
spec
Well, isn't this a fun trip??
Kraken Robotics is getting noticed a lot with these numbers
=============
Kraken Robotics Reports Strong Q2 2024 Financial Results - (full release at your favorite info source)
spoiler alert - both revenue and EBITDA YTD, are up triple digits, YOY
The recent (several weeks) daily tape has consistently indicated larger trades leaning in, as I mentioned in earlier posts
All the right moves and I do believe they will be acquired sometime in the 2025-2027 range (based on nothing but gut feeling on publicly available data and statements from management)
Cheers
spec
Hump day hot takes on what I think is worthy of attention regarding energy sector growth
Two major hot war zones are incrementally hotter (fortunately no massive escalation)
and even with peace talks…. talk is cheap
Rhetorical question - how much of a blow to energy infrastructure was threatened to keep Iran from doing something really, really dumb?
Little ticks of trade war (tariffs) as China flexes
Day 3 in Chicago - oh my!
WTI continues channeling low $70s - low $80s with analyst predictions dominating in alternating bullish or bearish waves ...... row, row, row
China’s demand doesn’t really waver on a weekly or bi-weekly cycle, does it?
It’s a funny, partly fake, world
One other thought since the fish aren’t biting much yet today ….
One of the smaller nuances in the way GulfSlope “shut down” and delisted, was a clear indication from management that they were, in effect, “winterizing” the company
The reduction in staff, debts (other than what is held by the CEO) repaid, and still expressing strong confidence in the continued value of the company’s assets and prospects
It wasn’t just a “walk away” and wash your hands move
I see the value
I have patience for things that I believe in
Every day is a day closer to economic sunshine
Cheers
spec
Got one nice keeper for the grill so far
Clearly they have the right stuff
Both in hardware and brain power
The scale of the longer contracts fully supports the growth trajectory as expressed in forward projections, both by management and analysts
I’m gratified that my analysis has paid off by securing a significant position which has performed very nicely so far
Cheers
spec
All sizes welcome, and your contribution to this discussion is greatly appreciated
Wishing you a speedy recovery
spec
Well, if the Olympics had a “long form non-fiction equities analysis and opinion” competition, I think you would have a pretty solid shot at the gold medal
With the assistance of a great cup of coffee this morning, I agree with nearly all of your points
It’s nice to think that some moderation and compromise inside the beltway is a desirable path forward
I’ll take total victory over compromise any day of the week
100% agree with everything else
V for Victory!
👍
spec
Throwback Thursday - there have been many great, informative posts from several individuals here
Link back to the original post here from
Ebenezer3, a few links to data and presentations regarding the Tau prospect (and Mahogany)
I’m keeping a watch on GSPE as a back burner item, and I’m hoping that it plays a role in the domestic energy revival that is critical for today’s basic needs and those of future generations
The clown show continues with one side that can’t stop talking as the opponent plays “hide and don’t speak” to avoid showing their policies to the voters
So many questions, so much global chaos, so many lies, and an election coming up …
… if only there was a pattern
eyes open, be nimble
☮️
spec
On the edge of - war, recession, and the most consequential election in modern times ….
And just like clockwork, as crude sweeps back toward the upper end of its recent range (low $70s to mid $80s), the headlines reveal a “surprise build in crude inventories”
M&A is still active in the sector but bigger transactions are hitting both regulatory hurdles and legal challenges
Peace eludes modern civilization again and our ship is sailing with “red over red” lights showing (not under command)
I can’t imagine a time when there was so much at stake and so little confidence in “world leaders” around the globe
If we could just roll back time …
spec
It has been a near vacuum of info directly linked to GulfSlope for a while, even before the delisting
Clearly, there are still a few who are looking beyond message boards
If there are suggestions to improve the flow of information and opinions that trickle through here, I think they would be well received
Meanwhile, I choose to make lemonade from the lemons that fall along my path and be thankful for each beautiful day
Cheers
spec
Good article, and as you said, it’s exploration (not for the faint hearted)
Lots of technical risks, doubt, determination, physical hazards, and the potential for enormous returns
It is worth noting again that the royalties for a potential Tau2 discovery would be grandfathered at the earlier, and lower, rate
IIRC, it was 12% vs the new rate which is 18%
(I will check and correct those numbers if they’re not correct)
The market pullback seems to be paused, WTI bounces around the low $70’s, and we’re stretched nearly to the practical limits of our military strength when we act like a global police force
Historically, there is no basis for any dream of “calibrated response” to avoid escalation in war
Likewise, a “tie” is very unlikely when one side of a conflict is limited by resources but not “the laws of war” and the other side has the resources and ability to “finish” the conflict
We’re in uncharted territory in a few major metrics ….
….. maybe most of them (in geopolitical and economic terms)
The next debate will be far more interesting and revealing than the previous one
I still don’t think the upcoming election will be a choice between Harris and Trump
One of them is under relentless attacks (some of which are blatantly illegal) and the other hasn’t earned their position on the ballot (from the voters)
I’m not thinking doom and gloom but something isn’t right
Brighter days ahead, we must keep our heads about us along the way
Cheers (not fears)
👍
spec
Another brutal day in equities, yikes!
But …. it doesn’t look so bad if you look at a bit longer timeframe
Flip to those 1 yr charts and the perspective changes
And it’s hot
People get grumpy, start flipping little boomy things at one another
It’ll pass
The market thing anyway
Boomy things just change format to fit the latest asymmetric warfare spectrum
Geography shifts of the hot zones tilt various national trade routes and big trickle down inflationary pressures are just now keeping inflation pressure fueled
So yeah, turbulence full tilt
Giant optimism on my mind, though
Cheers
spec
That was a low volume pullback
Ready for another leg up
It really needs both legs up and a vigorous ASK slapping !
It’s coming
Yep
Cheers
spec
WTI cycles through the $75–85 range once again, almost like there’s a pattern of week-long hype of bullish analyst articles, then an over-hyped week of gloomy articles casting doubt on demand estimates
WTI currently $77
Meanwhile, the war drums beat louder every day with war hawks in all parties bristling with determination to …..
Peace and love is what we need
Cheers to a more perfect future
spec
☮️
Thanks for chiming in, I was hoping you hadn’t lost your interest
Even at a snails pace, it’s a discussion about the importance of the role of independent oil producers in our energy sector
I like it as a way to learn more
But there’s lots of opinions and discussions on all levels
Glad you found one that’s good for you
Cheers
spec
None of the geopolitical tensions have eased off, on the contrary, it seems that nearly every week there’s another tick hotter
The big stuff seems to happen mostly on weekends so fingers are crossed that we don’t spiral into a giant conflagration
Domestic energy is the second biggest agenda item for the Republican platform and ending the unconstitutional war on fossil fuels will be swift
I expect the financial atmosphere for investment in energy will shift gradually until the next administration is decided ….
… then things will change at the speed of light
I hope we can keep the wheels on the bus until then
Cheers
spec
Hump day status update for energy market related geopolitical events from the last few weeks …..
… in less than 5000 words
….
Yeah, sure
It’s getting crazier and crazier
The tide has turned and the skyrocketing cost of living a joful life has begun to alarm the core families of our productive workforce
Elon Musk has boldly stepped up to declare his total rejection of intimidation …. AGAIN!
I expect that the threats and regulatory abuse will continue to escalate for all of his commercial interests
Who’s going to break the news to Joe that he has stepped out of the 2024 race?
Maybe we could just chill, put up an AI generated hologram of Brandon mumbling something incoherent, and pretend everything is fine ….
JUST FINE!!!
Sharp as ever …. (The term “sack of hammers” applies here)
WTI @$78 as global demand worries overshadowed the draw on inventories
I stated earlier that we won’t know the Democrat nominee until the last possible moment … and Kamala isn’t etched in stone yet
The several hot wars ongoing are a huge concern due to their overall trends and the historical tendency for patterns like this to escalate rapidly towards a terminal stage
Being on the cusp of another rogue nation achieving nuclear weapons capability certainly amplifies the gravity of our predicament
Pivotal times for modern society and we need competent leadership with integrity to lead our great republic
USA!
spec
Crude markets don’t seem to be trending, simply bobbing along with WTI slightly above $80
US and China demand projections cycle back and forth with traders in tow
On the market sentiment overall, it appears to be brighter
I’m sensing great determination from “we the people” to rectify what is obviously broken in our public sector, especially the upper layers
It’s bound to be slow through the summer months and I personally think the rekindling of GulfSlope’s fire won’t happen before the election is determined
Under normal circumstances, I would expect ….
…
…
Well, scrap that idea .. normal circumstances was a while back …
Uncharted territory … so I plan to exercise good judgment while living the best life possible
Hoping this stretch of road won’t be too hazardous with geopolitical issues simmering in the summer heat
I would prefer lemonade in the shade
Cheers
spec
Buyers ruled the day on today’s tape, verrry bullish movement lately
Market sentiment continues to warm up for Kraken Robotics
Cheers
spec
Market sector related -
Assassination attempt on Trump as the accelerating train wreck of the cardboard cutout administration hits new lows
I’m praying that we bounce soon and each day is more believable than the previous day
More civilized
More unified
More respectful of each other
THAT is what will make our country the proud, strong, prosperous, leader of the free world again
spec
Big move continues with volume, nice!
This company has been displaying winner quality for quite a while and the performance numbers match my high expectations
I don’t really follow any YouTube trader advice but this guy (video link below) lays out some good points about recent numbers and events
Good to go
Stand on
spec
Hump day situational awareness PSA
The biggest items related to GSPE’s market space future
Chaos exploded in domestic politics after the debate debacle
Subsequent events/interviews/statements have not resolved the problematic issues, only amplified them
Multiple nations are falling into a gravity well and everyone is wondering what flavor of reality awaits us at the other side of the wormhole
The Chevron decision is a crucial message that our Constitution recognizes the liberties of individuals and correctly asserts that the power resides in the Citizens, not dictators or presidents
The only powers of the government are those limited and defined authorities that are properly delegated to our elected officials
Yes, I believe we’re in a transitional period and hopefully it will result in a reset of our collective desires to be free of tyranny and to be allowed our pursuit of happiness
True and steadfast
spec
PS The Roman Senate was foolishly debating the gender of angels ….
…. as the Roman Empire was collapsing
First off, it’s only chatter/rumors/musing ….
But, does anyone think Anduril is a potential M&A entity??
Throwing out a hypothetical- Andril purchase/merge tiny Kraken (with all of its golden tentacles, SAS, power, RAAS ….)
To throw some color on that wild possibility-
What if Anduril acquired Kraken at a valuation about double where she’s at right now
Then make that payment to current Kraken shareholders as. 50/50 cash/stock tender offer
They would acquire the existing ticker KRKNF (if they want it, currently I don’t think Anduril shares are listed anywhere)
Kraken already has shareholder approval for the split so the shares could end up anywhere they need to put it for the transaction
So shareholders would get a cash divi at the current market valuation of their KRKNF position AND an equivalent dollar value of “new shares” of XYZ at a valuation appropriate for the ending combined entity
They have many times the financial mass to make that happen
Just an example of a hypothetical
So, does anyone else think that there is a possibility of some type of big $$ transaction featuring Anduril (with their HUGE new military contracts) at least for the battery/subsea power division ????
I never want to get so old and grumpy that I can’t hope and dream of the most perfect future
Cheers
spec
USA!
The force is strong with this one
Blazing hot at the core and has so much future
Cheers
spec
Excellent post and I agree that the Chevron ruling is a huge pivotal moment in our republic
It’s going to be a wobbly road to unwind decades of unconstitutional regulatory overreach in nearly every sector
No doubt that domestic energy will have priority status under the next administration and that bodes well for GulfSlope and other E&P companies
My biggest concern with the developments of this past week, including the debate, is that our country’s weaknesses have been laid bare to the whole world
Anyone who was still in denial of the state of our leadership and the ongoing charade of pretending we are led by elected representatives, has been presented with undeniable evidence that the commander in chief is incapacitated
The absurd notion that this is shocking news to the entire Democrat party and nearly every news organization is extremely disturbing
Equally troubling is the impotence of congress to act swiftly on behalf of our nation to preserve our constitutional republic in this continuing crisis
I do retain my core confidence and optimism but I do believe that the road to the upcoming election will be marred by desperate, destructive, evil deeds from those who fear losing power (or fear being held accountable for their actions)
Laws don’t matter to criminals and we’re far from “out of the woods” on a number of critical issues
If we can get through a fair and legal election, I am confident in a huge surge of national pride and productivity
The entirety of the free world is cheering for us
To a great future, cheers!
To the hard recovery ahead, count me in!
spec
Quite a while back I stated that I thought we were in the early stages of a commodities super cycle unlike anything in my lifetime
I’m amazed at how myopic that seemingly grandiose prediction appears to me now
- this is relevant to the future of GulfSlope as it directly affects the financial markets in their sector
Now I see that in a bigger picture, both geographically and spanning centuries, that the underlying dynamics are much stronger fundamental forces of civilization itself
“WW3” as a term for a global conflict has numbed our sense of disdain for combat and destruction
Yet here we are with every major world power engaged either militarily or through trade/sanction warfare
Bigger than the USA
Bigger than geopolitical differences
It appears to me that the underlying conflict has been brewing for decades
Democracy is not at stake
Civilization is at stake for future generations
I am confident that I am as prepared as I can be and that I am pushing forward in the right direction
Cheers to a grand future
spec
Kraken’s SP stalling at this level appears to be speaking more to Canada’s economic concerns than to any concerns about Kraken’s value going forward
Pushing past the break even point while still investing heavily in talent and scaling production, is certainly a testament to the growth trajectory
They’ve publicly stated that the military and asset protection sub sectors are taking off “like someone lit a match to it”
And they produce the order flow to match their bullish stance
Without question, our global shipping and energy markets are at greater risk of being targeted by rogue state asymmetric warfare than ever before
Subsea drones will flourish just as airborne drones have become prominent features of the battle space
KRKNF is in exactly the right place at exactly the right time
spec
That’s a good question and I was wondering if anyone here had made any buy or sell transactions after the grace period ended
There have been a few ticks on the tape but nothing significant
If anyone has made a transaction, please chime in
And bossi, if you are able to get a buy, please let us know how it went
WTI finished just over $80 without any conviction on the short trend
A fine Strawberry Moon and Summer Solstice to all and hoping everyone is able to acquire their favorite tan pattern at this stage of the year
I have accomplished a great “boat bum” tan
Just a Hawaiian shirt, shorts, and shades
Everything else is a uniform tan with sun-bleached hair
No flip flop or wristwatch tan lines (that would be a Key West tan)
Gotta have priorities, like staying hydrated
Cheers
spec