< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
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In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
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http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
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http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

Think that deserves a.......YYYEEEHHHHAAAAAAAAAAAAAAA!!

Citigroup: Buy TP: Raised to 209 from 205

Would just like to see some more upward direction than it is at the mo.,.

looking ok for possible break up thro 170sh.
dont forget however or get too excited too soon. there is still a major long term resistance top up there at 185sh that still needs to be taken out before it can move up further.
just bringing it to you alls attention.
regards and good luck to everyone.
jkd

Last few days was moving higher, but not today though the trend is up

A big bounce off the 200 DMA would relieve the anxiety a bit!
Target price on Selftrade is now 195p, reduced from Strong buy to Overweight.

HC
it sure would. i bought some today based on 145sh being good chart support level.
oh! and also to try to justify my last post to you. sorry about that but hopefully you did
also have your own subsequent stategy in play.
i dont normally like to buy on a friday but am just following my own advice regarding support.paid 147sh
lets see what happens.
regards
jkd

Sold out in may at 158p. Just bought back in at 146p.
These boards are a good source of ideas and banter, but I am not relying on them for strategy!

Stayed with it and held, should have taken profit at 180p but missed it. Ave, 96p so am happy to hold.

HC
well done. i have changed my mind and just sold out at very small loss.
as i said i dont normally like to buy on a friday.
in the mean time good luck and
regards
jkd

Are you day trading jkd?

HC
nope.
but knowing you sold at 158 back in may was a great relief to me ,so i no longer feel obligated to share your pain or your gain.(i did use that word sorry)
weird or what?
my advice to myself is to buy the bounce with a stop loss below the 145 support.ie.
a tight stop loss based upon the true adr/awr.in case i am wrong.after all the 145 support may not hold.
regards to you
jkd

Harry ready for the bounce!

Very strange selling at a loss.......just for the sake of it.....

My belief is that a serious rebound will emerge at some stage......best to hang in there, than selling....

That's why I asked if jkd was day trading Bb. If confident the sp will recover in the short term, why sell at a loss? Very interested to know why you sold jkd. No critisism intended, just interested to know how your strategy differs from mine.

no answer came the reply.,.

HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) forecasts that the Organization of Exporting Petroleum Countries will need to increase oil supply by an additional million barrels of oil per day in order to balance supply and demand in oil markets, a BP executive said Tuesday.

"Based on our analysis of the short-term balance for supply and demand in the world and if Libya supply remains offline, we think to calibrate supply and demand will require roughly an additional million barrels per day of OPEC supply," said Mark Finley, BP's general manager for global energy markets. He was presenting the U.K. oil major's annual Statistical Review of World Energy at Rice University in Houston.

Finley said the steep discount at which West Texas Intermediate crude-oil futures on the New York Mercantile Exchange trade compared to European benchmark Brent is purely a physical problem that will be fixed once a glut of oil in the country's main storage facility in Cushing, Okla. is solved. He said BP projects the differential between both benchmarks is likely to narrow but that it is hard to predict if that will mean WTI prices will increase or if Brent prices will fall.

The split between U.S. WTI prices and prices throughout the energy chain is unusual because typically WTI and Brent are within about $1 per barrel of each other. But in recent months, the two have veered wildly, with the gap between them growing to more than $20 per barrel.

Light, sweet crude oil for July delivery, which expired at the settlement, settled Tuesday at $93.40 a barrel, up 14 cents from a day earlier. ICE August Brent crude settled down 74 cents, at $110.95 a barrel, the lowest price since May 23. The Brent premium to the Nymex contract was $17.55 a barrel.

BP also forecasts that the disconnect between natural-gas prices in the U.S. and international markets will be corrected in the future due to market forces. "Certainly we can see correcting forces working," Finley said.

Those correcting mechanisms could take the form of more domestic demand, less domestic supply, or exports of natural gas from the U.S. into global markets. "We will have to wait and see, but we can say with confidence that the differential should structurally narrow over time," Finley said.

"A U.S. natural gas price that is very cheap compared to oil and to international gas prices is already driving responses in both the supply and demand side," he added.

Natural-gas prices in the U.S. have remained depressed, trading at about $4 per million British Thermal units due to an overabundance of supply, while natural gas prices abroad have been trading higher.



-By Isabel Ordonez

--Daniel Strumpf in New York contributed to this report.

Think he's gone to ground harry.,.

not at all Bb, if it is i to whom you refer.
i am very much above ground.never failing to admit when i am wrong, and i may have been here,
i had my reasons.but small losses are just but one of them.
regards to you all
jkd