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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
Hmmmmmm, I missed this article
V-ger must have been offline
— Published April 2024 —
https://www.hgs.org/conversation-hgs-legend-john-seitz
Some recent info on the stonewalling to cripple domestic energy production
https://naturalresources.house.gov/news/documentsingle.aspx?DocumentID=416075
Just barely back on the grid, what a week that was!
Doing it in style
spec
Roth MKM puts a price target of $8 on $EGY
Someone here agrees
spec
Exactly, they have the data and samples to know what they found at the point where the drilling fluids were no longer controlled as planned
If it had been unfavorable data, there wouldn’t have been any talk of redrilling
Nor would GulfSlope have kept up payments to retain the lease (and other financial obligations for abandonment)
I’m pretty certain that they have a good chance of getting the resources to conduct another drilling operation when political obstruction is removed
Lots of unknowns with Delek due to the ongoing war but history shows that fossil fuels will play an important part of global GDP for decades ahead
Delek has clearly demonstrated success in E&P as well as their interests in diversifying their operations geographically
No better place than the GOM at this time (imminent shift in policy) for Delek to pursue another big stated goal, IMO
No better place than the Big Rock for me today and Starlink mobile version is awesome
We’re not on the leader board yet but fishing is hot and we’re having a blast
Break time over, gotta get back to “work”, LOL
Cheers
spec
WTI climbing back toward $80, currently $79
Any day now ….
spec
Interesting info, thanks
I get the general drift of most of it and subsalt is a highly technical task
Not for the weak hearted bean counters, victory is just not in their genes
If GulfSlope gets a chance at bat again, the prize is still there
A change in policy is all that is needed to make GOM E&P bloom like desert flowers when a long drought ening shower arrives
Public perception (and market sentiment on energy issues) is bending in a favorable direction
Cheers
spec
WTI sideways generally ~ $75
Gas at the pump -refreshingly low prices for the early summer driving season
The Big Rock Blue Marlin Tournament kicks off tomorrow so I will be personally responsible for some diesel consumption this week
Thank you
Waiting to drill Tau2 is easy for Delek, they’re besieged on all sides by hostile fire, both figuratively and literally
GOM E&P is secondary to more pressing management issues for them
A fresh round of attacks on oil majors is making headlines with house representatives accusing “Big Oil” of price gouging and the UN Secretary General’s call for a windfall profit tax on oil companies
So on one hand, Big Oil is criticized for high prices while others are planning to levy additional taxes (which inevitably pass through as higher cost to consumers)
So much diversity …..
Rocket scientists are in their glory years while world leaders fail basic economics and arithmetic
WTI back to mid $70s as faltering economies portend softening demand
GulfSlope has been in detailed discussions related to purchasing producing properties and Delek most likely has too
Thursday throwback - can you even remember what life was like before Covid?
Cheers
spec
$EGY Vaalco presentation today 11AM Eastern, check website for registration details on upcoming live event (with replay available later)
EGY belongs north of $8 yet it’s hovering at $6 currently
Cheers
spec
Thank you, I do have more than a fair share of luck, hopefully that continues unabated
And my use of “yacht” as a label is an old habit and a considerable deviation from the classic definition
My definition is a tongue in cheek nod to any vessel primarily for pleasure use
My current “yacht” is a simple center console (with a few excellent details)
So there’s military, workboats, yachts, and everything else that floats
The first three live on fossil fuels (as does most of the last group) and I need a few more decades of stable oil prices to fully enjoy my planned retirement activities
So I am counting on small independent E&P companies (like GulfSlope) be part of the surge to meet the projected demands
Confident in my vision and my luck
Confidence in DC? Not so much … (at this time)
WTI swoops below $75 and too many other global instabilities to even try to summarize, just hang on tight, turbulence expected!
I have the specs covered (no surprise) but always accepting lessons on redfish
Cheers
spec
Just another week of instability across the globe
I would bet large that there isn’t a single leader of a country who ..
…. has had a face to face conversation longer than 5 minutes with the current president and still thinks he’s capable of making any decisions on his own regarding any major topic
It’s beyond humiliating to Americans
It is most likely terrifying to our allies
Our IRS and DOJ were weaponized more than a decade ago
Now our justice system has devolved from the recent 2-tier system, it’s not even a shell of what used to be the single most essential defining feature of the nation that defended the freedoms of its people
I’m plenty pissed off about it too
The bogus conviction last night of the leading candidate for the presidential election is certainly a shining example of absurdity
The investment climate in the fossil fuel sector is still dismal but just as the pendulum has swung very far to one said, it will swing back with great force
The waiting is the hard part now
If there’s a deal in the works in draft form, it’ll get jumping quickly if our next election swings to the right
Yeah, it could be a big letdown too if no partner steps up
I think it will be a crazy road to 2025 but it’ll be great if it goes as I expect it to
WTI slips a little bit to high $70’s
China wraps its “loving arms” around Taiwan, is it a prelude to aggression (yeah, most likely, dang!)
Cheers
spec
WTI pushes upward to $80
No relief from the global chaos, 2 hot wars, skyrocketing debts undermining geopolitics, several recent “political” assassinations
“But the market still rises to record highs” they say
It’s all relative
Currently, there are far better opportunities and conditions for investment in the US and US based companies than in most other countries
Not just my opinion, it’s being put forth by several analysts
So, global market sentiment is bringing capital into the US markets and keeping the bubble inflated
Sentiment is a fickle thing, it can go bad very quickly
Stay safe and diversified
Well refreshed from several days on my yacht and the scent of coconut oil still lingers in my olfactory bulb
I hope everyone has been mindful of the fallen soldiers who have defended our liberty from the earliest days of the United States to present day
We can’t imagine the pain and suffering that will come if we let those liberties be taken away
Not on my watch
GLTA
spec
The tape was 90% buys till the last 30 minutes and still was 65% buys at the close
Higher than normal volume so it’s a significant shift as more shareholders lean in
About time
spec
I think I have a solution for a big part of the problem
I nominate smith199 to be the next Secretary of Energy
Seriously, she’s got 10X the brain power of the current cabinet combined
Good post Mrs Smith
spec
CLNE resumes the slide toward the drain
Are any board readers trading/scalping these bumps?
It’s a real slick trick move with a ticker that’s been over-hyped and still bleeding cash profusely
Watch yourself, don’t step on your trick
Cheers
spec
Monday mayhem SITREP
Crude markets fairly stable with WTI at $80 despite the continued hot wars
One notable individual event over the weekend was the death on the Iranian president and several high level officials in a helicopter crash
Rumors immediately following the crash had fingers pointed at various conspiracy theories regarding it being a possible assassination
Understandable, considering the rash of assassinations in several countries over the last couple years
Probably just an accident in fog
One more late filing notification was filed recently by GulfSlope
Again, there is no reason to file anything unless the path forward is positive and includes the public trading of GSPE shares
I think it is very likely that GulfSlope will be reignited in conjunction with the policy changes anticipated in the next administration
Israel (the home country of GSPE’s partner Delek), is continuing the assault on its enemies Hamas and Hezbollah with determination
Yes, I am an optimistic person and I’m good with holding onto my shares pending the likely shift toward favorable domestic energy production policies
For now, I will wait for the next chance to slap that ASK hard
Cheers
spec
Play it again Sam
Another NT for GSPE (no new info)
https://www.sec.gov/Archives/edgar/data/1341726/000199937124006150/gspe_nt10q-033124.htm
spec
More interference in the fossil fuel sector and tariffs on China on several fronts
Schumer weaponized the FTC again with pressure to reject the Chevron/Hess merger by falsely claiming it would increase gas prices
More lip service to the leftist wing
Similarly, new tariffs on aluminum, steel, EVs, etc from China are just pandering to the base
Worse than just a mistake, it’s another attack on the middle class on both counts
If only there was a discernible pattern to these blunders…..
The debates between Biden an Trump have been set and if Joe can make it that far it’s going to be cringe for libs
WTI still sideways in the high $70’s
I agree that the info brought forward by Mrs Smith is sobering
It’s cause for genuine concern
… but I don’t think it’s the kind of sobering that will get me out of a DUI
spec
Excellent info, and spot on!
Well, except for giving Joe credit for failing so completely that it’s becoming clear how bone-headed some of these political games are
The limit of his capabilities is midway between mumbling and stumbling
He’s the figurehead of course and projecting the criticism on him is justified
We know it’s the whole wing of the Democrat party who’s the orchestra of this tragedy
Nobody carries a baton so it’s not clear who’s in charge
It’s the global humiliation of western civilization and honestly, I think it’s a bit terrifying to intelligent people worldwide
I do share the optimism
America regaining its strength will be a great lift to mankind
Cheers
spec
WTI still high 70’s on mixed headlines/data
Well, here’s a new variable in the mix
Severe geomagnetic storms from solar flares and CMEs starting now through the weekend
Kp8 and level 4 geomagnetic storms predicted
Plays havoc with everything from power grids to electronics and computer systems
Crude holds just shy of the $80 mark and the trend was sideways for the week
The potato can’t be seriously considered a candidate but nobody’s going to reveal who the DNC will nominate until the very last minute
Have a safe weekend and be careful with your UVB and gamma dosages
Cheers
spec
Kraken Robotics is an exhibitor at the Offshore Technology Conference this week (today is the last day) so there might have been some added opportunities for finalizing contracts
Don’t know if it might have triggered the 2 most recent contract announcements but it’s possible
In any case, there’s ample evidence of a long runway and a rapidly expanding market opportunity
Makin’ hay
spec
Alerts can be set to inform you when SEC filings are posted
I suggest that anyone that owns stocks to set an alert for every ticker in their port and any that they are considering
Bad news is typically much more valuable to catch ASAP
don’t be the last to know
This latest 8-K on the $9M received is good news and should give the SP a lift
OMEX certainly has changed over the years
I’m still appalled that OMEX was torpedoed by (you know who) on the Mercedes
I owned some back then so I was once again robbed by crooked politicians
Ocean minerals and mining will be growing, but in spurts, IMO
On watch
spec
I don’t think you’re very far from the sentiment of the OTC attendees on the energy policies currently in place
Needs big changes to eliminate the political “gaming” for votes
More and more, people are seeing right through it
Basically, if you’re not appalled at the conditions and regulations that are applied purely for personal or political gain, you’ve been played, IMO
Market interference by weaponized regulatory control, picking winners and losers through control of government contracts/subsidies, and cabinet-level incompetence across many sectors besides energy
An ignorant, volunteer infantry of (insert various protest group names) is their shield
What will they chant today?
I can’t wait for this clown show to be over so that real Americans can lead our return to prosperity through excellence in personal performance
I think there’s probably a lot more foreign support and hopes for a strong and prosperous USA than what is visible today to most people
The fourth estate has collapsed into a steaming pile
The fifth estate is under attack
All eyes open for the truth, it’s out there
Cheers
spec
The Offshore Technology Conference is underway today through Thursday at the NRG park in Houston
If anyone is attending, it might be interesting to keep an eye out for shelf drilling info/activity/tempo and other general GOM buzz
It’s usually a stimulus for some big contracts and M&A announcements
If I’m able, I’ll scan through the lineup and any online presentation info to see if there’s anything that might shed some light
Cheers
spec
You have an eye for quality
She’s a beauty
spec
There seems to be a real market valuation disconnect here
$160M USD market cap
Projected revenue ~$160M for fiscal ‘24
Total assets >$70M
Solid margins and profitability
Best in Class products
CRADA
Multiple nations purchased large orders including spares and training support
VERY strong ramp in government/military pursuit of subsea equipment and services
Currently trading at 1.5X fiscal 2024 revenue
Not yet getting the market sentiment that it deserves
Not sure what will change that, but it will change
Cheers
spec
Starting off a great new week here and I will note that WTI weakened last week and slipped below the $80 level
I was curious to see if support in the high $70’s would pivot the week’s trend
Currently $78.60 and finding support here at this level
Globally, the headlines read like there’s a bit more stability in production and consumption, and a lot less stability ideologically with protests showing no sign of settling down
As far as my GSPE shares, I’m locked a loaded!
It has a different meaning today than what it did any other time I have said that
I wonder if there was a decision much earlier to allow the delisting in order to mitigate the share price slide
I dunno, that’s just a curiosity for me
I truly believe that the trust I have in the future is well founded in the brightest members of our society
Cheers
spec
Yep, the right tools and the skills to make it happen ….
… reliably
Best in class and a bright future
spec
I’ll drop in when I see something relevant and possibly interesting to any readers
Yesterday’s House Republican press conference April 30) was worthy of a listen
If you get the full clip, I think the core relevant section begins with Rep Scalise at around the 10 min mark
One take-away is - the environment of punitive strangulation of fossil fuels is coming to an end
The tide
spec
I’m thinking it was just a ledger “adjustment” of some some MM account
The oil and gas markets seem pretty resilient and we had a weekend without any big escalations in war risk sentiment
No shortage of tensions though
It’s certainly an odd point in human history
Simultaneously creeping towards both expanding the human race to another planet, while teetering on global conflict with a smorgasbord of evil, “human extinction level”, threat scenarios
I don’t think we’re quite there yet on either
Rooting for the high road option
spec
Are you any closer to grasping the real direction here?
I think my past posts probably were more accurate than someone writing a puff review on a phony stock analyst board
If you lose a bunch of money, at least accept the lesson
spec
Yep, oil is still king in many different modes of our energy and petrochemical needs
Modern civilization (within our current engineering capabilities) is dependent on fossil fuels
And patience with the current draconian policies is wearing thin
Eyes are opening and a renewal on many facets of life will turn us the right way forward
That said, we’re still in for a couple more months of the clown show tragedy
As you noted, the key parts are still in place
Just needs a little shot of ether and crank it up
I’m just gonna fish a bit while I wait
Cheers
spec
That was an outstanding earnings report
The trajectory here is key, a classic “coming of age” growth track
Lean in
spec
You are correct
My info was correct before 15c2-11 was passed in 2020
And, although there are still some exceptions listed in 15c2-11 ..
GulfSlope is not in any of those particular circumstances
So, frozen until something hits the iceberg or it melts in the warming markets
On a serious note
There is still the same capital structure and share count
Could they issue/sell the equivalent of 3X the current OS to raise cash then RS to get it to $1, relist, and launch?
(In this scenario, the current shareholders would represent a quarter of the market cap)
I think it is at least a possibility
I dream big
Well, if anyone come across anything relevant, post away ..
spec
My understanding is that the trade requires a special disclosure/disclaimer in order to be processed
In short, it’s saying that the broker advises against any purchases of this class of stock and that it has unknown liquidity due to it not being publicly listed
I am not certain on that but when I am able, I will inquire with my broker
The main reason that I haven’t checked on the details is because I don’t anticipate selling (and I have more than a few)
I’m in for the “Drill or Kill”
“Hero or Zero”
AKA “Ride or Die”
Fortunately, my total cost basis of my current position is less than my earlier gains on GSPE
Cheers
spec