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.
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.
It should be available and allowed to be traded through a broker, but only “accredited investors” can place orders to purchase
Accredited/expert status requires meeting several requirements
$1M net worth, $500K “investment account” or something like that
There will be a higher trade commission or fee on each trade
And no L2 published quotes (as far as I know)
So, anyone can sell, just a different process (broker assisted trade), and buyers must be accredited
And no L2
Trading in the dark and you don’t know if there’s any buyers
spec
PS If anyone knows different, please chime in
Yes, that’s what I’m thinking
Insiders holding and no massive dumps from anyone after the filing delinquencies
Any readers or sideliners, GSPE is a good one to have on watch for price action and volume
If it gets a drilling partner committed and has access to sufficient resources, and gets back to current filings/relisted, it’ll be a beautiful run
Lots to hope for but I am a determined optimist
Cheers
spec
No disclosure yet, so it looks like GSPE drops into the grey in the next 48 hrs or thereabouts
We shareholders enter the Expert Market
So …. I guess we’re experts at that point
Lots of turmoil in the crude market with the talking heads literally saying exactly opposite viewpoints
Iran gave Israel an expensive slap and now there’s a nervous pause with most parties expecting a significant retaliation by Israel
We’re at a point in geopolitics that wasn’t a surprise, it has been telegraphed for decades
But it’s uncharted territory in today’s technology
GLTA, and hang in there GSPE!
spec
My prediction of a “commodity super-cycle of our lifetime” seems to have been a bit of an understatement
“Edge of nuclear abyss” wasn’t even on my list of “worst case scenarios”
I sure hope that the same Earth that is on the verge of colonizing Mars …..
… can be capable of averting its own demise
Somewhere in the middle is where we’ll likely end up but the “uncivilized behavior” is certainly spiking higher in many venues
Clearly unsustainable
Clearly a mess
Energy, food, and shelter, all are better than $ in situations like this, IMO
Clothing will always be optional
Keeping a smile in turbulence
spec
Thank you, and your reflection on the state of matters in the sector (and broader domestic policy) are accurate and insightful
On a side note, we need a better definition of Strategic Petroleum Reserve
Whatever name it is given, the standard for “Strategic Reserve” should include a vertical slice of everything involved in the production of oil and gas
Everything from Proven Reserves and drilled but uncompleted wells to the drilling and production rigs
Include pipeline capacity and alternative routings to refineries and product pipelines
Spare capacity throughout and a little planning for disruption (other than the current hurricane readiness planning)
In severe disasters and disruptions, the capacity to produce energy and essential goods can’t be under appreciated
I’m not saying that government should throw taxpayer dollars at spare rigs, BOPs, and pipelines
But there should be a big effort to expedite permitting for the private companies who are building production capacity and strengthening our energy independence
That would be a win for the whole country
But it’s not going to happen with this administration, expect a continuation of exactly the opposite
I’ll also add that targeting of your enemies energy infrastructure is getting more common in daily/weekly reports
Headlines today include Russia and Ukraine trading attacks on refineries and power infrastructure
Tensions still smoking hot and nobody wants to give an inch for peace
WTI still mid $80s
GLTA
spec
With the recent events in targeting of energy related infrastructure (Nord Stream, limpet mines and missile attacks on tankers, refineries, dams, nuclear power, etc …)
The SPR depleted and not replenished at the earliest reasonable opportunity …
Underinvestment in upstream beginning to manifest itself in declining production in many mature fields ….
Global hostility at multi-decade highs …
It doesn’t take AI to see that a big change is needed if we’re ever going to survive to colonize Mars
My money is on the big change
We’ll get there
spec
PS I’m hoping GulfSlope can play a tiny role in the big picture …. gotta get to the next administration first
GulfSlope is still frozen in place but I have this playlist on the big speakers for the eclipse
I remember what happened in 2001 A Space Odyssey though …
I’m hoping for something more like the ending than the opening sequences
Your energy is good energy that’ll get this through to the “Drill Baby Drill” part for a bright future
The celestial bodies are perfectly aligned
Cheers
spec
The jobs number came in strong and unemployment remains low
The market slide from yesterday afternoon bounced back pretty well
All the new GDP growth needs energy and demand is projected to keep crude markets tight enough to kiss the low $70’s bye-bye
WTI closed just short of $87
It seems to me that valuations of most equities are still quite lofty considering how volatile the international fabric has become
I’m in an optimistic, but defensive allocation
Big on cash, a selection of strong core equities, and one speculative GOM independent exploration stock
I think GSPE is my most intriguing holding and I find the discussions and information shared here are the most interesting
We have the best tunes here too
Peace … (please)
spec
WTI closed over $86 and the broader market took a sick slide into the close
That is not a good look for Wall Street
Or geopolitics
Iran now steps into the ring with both feet and talking smack
Needs de-escalation ASAP
Hanging on a thread, valuation wise
GLTA
Cheers
spec
It’s not a good look for GulfSlope
Not being well versed in private equity matters, I don’t know if it matters much in a partnership or acquisition scenario in that realm
If they can bring the right partners to the table, being publicly traded mainly affects the exit plans of the parties (as far as I know)
Dropping another quarter in the jukebox and seeing what will play
Hopefully not a Rubenesque woman singing a sad opera number
“Life is short, hang ten” said the old surfer dude
spec
WTI creeps back up to $84 and the global military industrial complex continues to “stimulate” production of both weapons and replacements for everything destroyed
Looks like a bridge and a shipload of TEU miles to replace now as well
GSPE sits in a little niche microcap/independent E&P zone
The majors have ample drillable inventory for the near future, so the opportunity to tap the value in GulfSlope is certainly geared to partners who have the $ resources but not the level of capability or track record in discovery, that GSPE brings to the table
Spring has gotten me more unplugged and off-grid lately
The speckled trout and redfish are feeling the pressure
The tape here has been pretty blank lately but still on watch for anything anomalous, curious, or ridiculous
Cheers
spec
No significant volume still
WTI hovers in the low $80s (currently $81.75)
It was a hammock day anyway
Hump day cheers
spec
and some brass
That’s a great observation and an interesting anomaly in the EIA report (delay)
That’s a huge divergence from the normal mid-March report release, 8 months late!
And I think your instinct on the reasoning for the change is accurate
Even though the current administration has total control of the content of the narrative, and partial control of the actual data, there must be consensus that there’s no way to craft the report into a “net positive” for the party
So, they just push it to be released after the general election, pure political hackery
And it’s likely that Delek is not interested in participating in another drilling campaign until there is a big change in US domestic energy policy
In retrospect, I know the economic and regulatory conditions have been unfavorable under the current administration, but now it’s a lot clearer that the hurdles were far more than I had imagined
The turbulence in global geopolitics has only intensified with each passing month
I wish we didn’t all have to pay the FO price caused by the FA of those responsible for this situation
Can’t wait to be back in “Drill Baby Drill” status
Western civilization is at an inflection point
It might have been an understatement when I predicted the biggest commodity super cycle in my lifetime
Much broader implications
It will be a benefit to the entire world population if we set the sails correctly
Cheers
spec
The GSPE tape is about as exciting as a curling match
Zzzzzzzzzzzz
Meanwhile, a number of conflicts and movements globally are continuing to drive the bus erratically
No shortage of trigger points for escalation and all the smart folks in the room know that weaponized trade and fiat currencies are a very dangerous combination
Civilization inflection point has arrived
spec
WTI slips back from $83 early in the week to $80 currently
A little consolidation before the next leg up is to be expected with a chart like KRKNF has
Expecting star performances in all locations
So far, the results are pointing to “beyond expectations”
Keep it up
spec
In the old gaff-rigged schooner days it was a well worn adage that “Gentlemen don’t sail to windward”
Similarly, my working theory is that the upstream independent exploitation market space was nuked by regulatory constraints as well as socio-financial headwinds
Of course the onset of those were coincidental with the global disaster of Covid
So, at least a plausible course of action after Tau1 failed short, was to just hunker down and be ready to strike if the winds and tides allow a favorable exploration operation
Picking up existing producing properties would obviously have the bulk of production equipment/overhead already completed
Adding a subsea tieback to a platform and drilling subsalt from the shelf … low cost, low carbon
Light, sweet, crude in premium quality sandstone reservoirs
Well, that’s the plan from the beginning
Maybe plan B could be a ihub gofundme and we just pass the hat till we get $40M or whatever
Plan A is a good plan and that’s what I’m looking for
Cheers
spec
Couldn’t be more pleased with the CRADA renewal
Continued cutting edge R&D in the military applications of their subsea tech products and services
All indications are that they have successfully captured significant market share in several distinct segments of SAS, subsea power, and sub-bottom profiling
Keeping in mind the cost hurdle to demo the whole line, complete mil-spec testing and certification, bid contracts, produce and deliver initial rounds to various customers
Now they’re demonstrating success in capturing repeat orders and services
You lnow they’re running balls to the wall to grow to meet the surging market demand, especially within the military sector
This will be a billion dollar company pretty quickly if the products are anywhere near what they appear to be
Still under the radar
Where will Kraken be in 5 years?
spec
Good to get confirmation of favorable support from the post-coup leadership in Gabon
That removes a huge chunk of risk in the Gabon operation
Very informative conference call, worth a listen, IMO
EGY finally getting a little more recognition for its solid balance sheet (free of bank debt) and free cash flow
Nice acquisition with immediately accretive assets and broader diversification of revenue streams/forward strategies across several countries
Looking to see a continuation of this bullish trend as appreciation grows for their performance in growing Vaalco shareholder value
spec
Those little ASK slaps earlier might have been a move to draw more shares/bidders on the bid
Then drop a block on the bid, ugh
spec
Hardly any volume but that ASK is so firm you could bounce a quarter off of it
Someone just did
well, a little more than a quarter, but not much
Meanwhile, the tax man lurks and prowls to extract more fruits of our labor
Don’t ask what it’s for
Deadline draws near, pay up
Cheers
spec
No smoke, fire, flood, earthquake, or SEC filings
But those high quality GOM miocene reservoirs are still treasure waiting to be discovered
If GSPE gets a relaunch, high fives all around
Distress sale, taken private , bankruptcy, SEC halt, all bad possibilities …..
I still think the data and objective analysis of the market support a somewhat bullish view for the higher risk/reward corner of my battlefield
WTI holding upper $70’s and GSPE slumbers
Cheers
spec
… and V-ger pops her head up and sez - “hmmm, 1M on the tape and 2M on the bid at 20% higher than the Friday closing price”
We get some volume and it’ll start to be meaningful
Out of the gate, it’s a fresh look for the week
Cheers
spec
Looks like there’s still a long climb to be expected
Things can get exciting if a small technology/robotics service company like Kraken has “the right stuff”
So far, it appears that they do
spec
WTI ticks up to the $80 mark as more alleged attacks on subsea data cables are reported in the Red Sea
The economics of asymmetric warfare on low hanging fruit (soft targets such as shipping and infrastructure) weigh heavily on Western military costs
No comfort for the high value targets that get lit up by a laser
GSPE is the dry desert wildflower seed waiting for a sprinkling of rain
“Buckle up an keep yer powder dry, global turbulence expected ahead”
spec
WTI hugs onto the upper $70’s like a comfort zone
Anti-globalist and anti leftist parties are winning elections abroad as social normality succumbs to the results of failed social engineering
GulfSlope sits in the corner, ready to groove
But no music comes from the regulatory bureaucracy
And no dance partner showing any happy feet …. yet
I’m doing my part to keep fossil fuel demand strong and I will humbly admit that my gallons of fuel/fish ratio could use some improvement
Time and tide….
Cheers
spec
A little setback for CNG powered trucking?
Serious question -
Will this reflect in a change of sentiment for RNG and ultimately CLNE?
https://ktla.com/news/local-news/firefighters-in-critical-condition-after-cylinder-explosion-in-wilmington/amp/
my view, it’s a small setback for RNG/CNG but CLNE has much bigger internal issues
spec
BOOM
LOL it’s about time
More blue sky to go
spec
Another NT 10-Q filed
No 10-Q due to no $$
Heavier sigh …..
spec
$75M for the two latest manure digesters financed through a side deal associated with CLNE
Taxpayer subsidies, no doubt, weigh heavily in the matter
Either you understand what the game is here or you’re on the hook as a donor to this not-for-profit scheme
CLNE is not designed (or operated) to create shareholder value
The math is remarkably bad
What’s the carbon footprint of that $75M spent?
What’s the math that shows where either the investment payback or carbon reduction are?
No wonder they describe the process output as “gallons” of RNG
LOL - convert that to BTUs for a laugh (or a cry if you’re stuck holding the bag on this perpetual cash drain)
RNG = good
Cummins nat gas or LNG diesels = great
Manure anaerobic digestion to produce methane = great (if done in an economically sustainable and efficient manner)
CLNE will never turn a sustainable profit with its current business model
So the only benefit of buying CLNE stock is “good feelings for helping save the planet”
And tax loss write offs
Why not be honest and just register the business as a non profit?
That might put a crimp on the executive compensation packages
spec
Dead quiet on the board and the tape
Crickets ….
Can’t remember many days on any stocks that had <$1 in dollar volume unless it was zero trades
Brandon has one foot out the door and the other one on a banana peel, no signs of improvement in any geopolitical matters
WTI has crept back up to high $70’s on a day of broad declines in the markets
Heavy sigh ….
spec
She’s on a bull run for good reasons
Military subsea on top of oil, gas, and wind offshore projects
Market exploded, blue sky breakout imminent
Guess who’s number one on this guy’s list
I’m still keeping tabs on everything but my trading in general has taken a back seat to several other projects and pursuits
Another side factor is that for the past several months I’ve rarely spent any significant amount of time in my office, my time on a computer other than my phone has been zero this week except one earnings conference call that I was on
When the tide finally turns on this current insanity regarding domestic energy policy and/or GulfSlope awakens from its slumber, I will almost certainly be in “4-alarm fire mode”
I still think there’s a glowing ember there and the DNA of the organization is good, always has been a great mix of capabilities and serious business minds
In comparison, most microcaps are contaminated with dreamers, snake oil salesmen, and well intentioned, but ill-prepared newbies
Nothing in life is guaranteed, especially in volatile times and distorted markets
But I’ll accept the risk with GulfSlope
Hero or Zero
This board has some really capable and interesting participants
Unfortunately, for now, there’s not much besides the ongoing battle for and against domestic energy to comment on
Eventually that will change
Hopefully soon we’ll see a restart and definitive direction for GulfSlope
Fortunately, I have some speckled trout and red drum in my crosshairs to keep me amused
Weather permitting, of course
Cheers
spec
Maybe someone can borrow a uniform from J-Bar-M Barbecue and deliver an order
Take a couple extra plates to “tip” the building’s doorman, receptionist, security….
A gopro body cam, a good line of BS, and a smile
“Yeah, I got a delivery for suite xxx , supposed to be a surprise from Carol …. uhhh, can’t read the last name …..”
I got the tab if someone wants to try
spec
Punxsutawney Phil didn’t see his shadow yesterday so Spring should be early this year
That said, it feels like GulfSlope is still dragging butt until someone cracks open the checkbook for some investment in GOM exploration (or currently operating properties)
There are a few possible funding entities like Quantum Capital Partners that invest directly into this type of project
Direct M&A is also a potential route besides Delek as a duet partner (they certainly have the capital to fund another drilling program)
The parts and pieces are all there, it just takes the willingness to accept the risk/reward spread that is presented
There’s no question that a shift in sentiment for GOM oil and gas is upon us
All that is needed is the leverage to pry the heavy boot of regulatory abuse off the neck of domestic energy production
When that happens, it’ll be like a champagne cork popping
I look forward to that and I am certain it is coming
Cheers
spec
Thanks, I did
Great info, thanks for posting that
The latest magazine (winter 2024) has a pretty good article with a section about the policy issues currently hindering GOM upstream
A link to the main NAPE website
https://napeexpo.com/
The magazine can be reached through the main menu, the section on current policy/permitting that I referenced is at page 57-58
WTI still upper $70’s, situation continues to deteriorate in the Middle East, ESG investments are post peak, Cushing crude inventories are low
Not a peep from GulfSlope so even with a strengthening bid there’s no volume and no urgency to slap the ASK
Current situation leaves a lot to be desired but I am still optimistic that there is a lot brighter future and a pathway to get there
Cheers
spec
Enjoy your weekend
I will
Absolutely
spec
WTI jitters up to high $70’s and the cost of supply disruptions in the Red Sea are just starting to be reflected in the prices of end products
“Don’t mess with Texas” is the mantra on the southern border in the battle to determine if we will regain our Constitutional Republic status or devolve further into a lawless, Marxist, dictatorship
I’m not shocked by the craziness
I’m shocked by how much resilience and normality remains in the face of current political realities
I thought something might be wrong with me
So I got checked out by a new doctor
I returned to his office today to hear the results
He said my cognitive functioning is perfect and I was thrilled!!
I’m a little worried about him though
He insisted my name is Frank (it’s not) and he had my DOB wrong, even my address
I didn’t want to alarm him so the third time he asked me, I just looked over his shoulder and read the info on the top sheet he was holding
That seemed to calm him down
I figured it was the least I could do for the poor guy, he was really confused about it all for a few moments
I’m cruising on a high now, knowing that I haven’t lost my marbles
Domestic energy production is still under fire, now a halt on LNG export project permitting …
When this pendulum starts to swing back toward USA first, it’s going to be glorious!
The climate for upstream domestic oil and gas will be the best in our generation
Bring it
spec
WTI is holding mid $70’s and M&A is active in the sector for the big players
U.S. Oil Industry Sets Record With $144 Billion of M&A Deals in Q4
Understandably quiet here and micro caps in general
Waiting for the tide to change for GSPE and the speckled trout within my casting reach
GLTA
spec
Why can’t CLNE turn a profit?
Over hyped, under performing
I’ve spoken the truth here
Some just choose to be victims of the illusion and phony virtue
RNG is just Ethanol 2.0
A huge waste of money driven by the fact that a portion of the cash flow falls directly into the pockets of the snake oil salesmen
Some people just can’t handle the truth
spec