Replies to post #3091 on GulfSlope Energy Inc (GSPE)

[ReggieIV]

Hello all,

Saw this article and thought it would be worth mentioning since it could and likely will reflect on the overall price of oil at least in the immediate and near term future. I imagine this is not a permanent move obviously and more so an attempt to correct market share and prices.

https://www.bloomberg.com/amp/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?in_source=amp_trending_now_2

[smith199]

Mike Bloomberg owns Bloomberg.com, and Mike, by the way, wants to financially back Trump’s Presidential Opponent.

So I am thinking Bloomberg is more than happy to allow an over the top insightful article which states quote “according to people familiar with Saudi thinking”. My question is, what exact people “familiar with Saudi thinking” Bloomberg.com?

Possibly a lot of hype by an organization (Bloomberg.com) that opposes the current Presidential Administration who happens to be making the US Energy Independent again. Oh, the US already is! (Grins)

Smith



Theses are my personal thoughts. Please do not base your investment decisions off any message board posts.

[smith199]

Thanks for the information, as always very much appreciated. Not a big conspiracy theorist, just my observations and opinions.

The price of oil could easily turn around and rise again just as quickly as it fell with an OPEC+ agreement, Mid-East political tensions (as we all saw unfold this past September 2019), the eventual decline of the virus, Emerging Economies, ect.

But, the price of oil per barrel is still forecasted to rise in the second half of 2020 through 2025, due to increased demand and decreased supply.

I don’t believe these short-term situations will sustain, and change the overall forecasts for the next five years. BTW, neither does Chevron or Exxon regarding their current drilling campaign outlook.

Exxon’s CEO Darren Woods gave an interview to CNBC explaining how they forecast demand to rise and supplies to decrease during the next 5 years. Exxon will continue with their five year drilling campaign as scheduled with no reductions in drilling. As will Gulfslope Energy with their 2020 Drilling Campaign. Gulfslope’s Ensco 102 Heavy Duty Jack-up Rig contract with Valaris commences March 20th, and they anticipate the BOEM and BSEE to approve the permits in late March.

Long and STRONG, and would never miss out on GSPE’s next 2020 drill.


Smith





These are my personal thoughts. Please do not base your investment decisions off any message board posts.

[smith199]

Delek Group reported a March 8, 2020 Cash Flow Forecast through 2025. Delek Group’s Cash Flow Forecast reflects Delek fulfilling all its obligations through 2025. Delek Group did spell out that they had hedged.

Because of Delek Goup’s recent oil and gas deals they have been able to increase production and cash flows, all the while, meeting any debt obligations through 2025.

Gulfslope’s Vermillion 375/376 Anadarko well would be part of the larger Corvette Prospect drill, and that is currently in Pre-drill Operations.

Gulfslope’s Ensco 102 Heavy Duty Jack-up Rig with Valaris is scheduled to commence March 20th, and they anticipate the BOEM and BSEE to approve the Tau-2 well permits later this month.

Overall, Gulfslope Energy (GSPE) continues to have more buy order’s than sell orders, continually raising GSPE’s average daily traded volume. I am hoping the ‘Bids’ are getting their shares from that “big outfit”, and the smaller individuals GSPE investors are not selling and missing out on the next 2020 drill.

I believe all these short-term situations will not affect the long-term outlook of oil prices over the next 5 years. Emerging Economies will continue to grow raising oil and gas demand while supply decreases. BTW, so does Exxon and Chevron. Besides, how long can Russia and Saudi Arabia continue with their decisions without bankrupting their own countries.


Smith,



These are my personal thoughts. Please do not base your investment decisions off any message board posts.