spec machine
1 semana hace
I am destroyed
I will maintain a much reduced level of interest/posting here but my personal life has taken a devastating hit
I have many questions about what happened to me and no answers yet, just suspicions
It’s off topic here so I have nothing to add here
I have been reading and posting about stocks, politics, science, nature, and the joys of life for nearly two decades here
An old hippie spreading peace and love
Now my heart is cold as stone
Hanging by a thread and sand has been stolen from my hourglass
But I still have a voice
Friends can always message me, I am thankful for the support I have already received
Peace
spec
spec machine
4 semanas hace
WTI mid $70's as Commodity traders revalue crude markets in an ever shifting mix of unprecedented variables
Subsea sabotage, increasing targeting of energy infrastructure, brand new and untested policy changes in drilling leases
Gulf of America drilling is at a depressed low but shale is quicker to first oil, hard to tell where and when new money will flow into the upstream sector
Global geopolitics is a huge variable but one rock bottom fact exists - we will need new oil
Cheers
spec
PS - I gotta laugh about that other shit, this old lion has aged well so any "private info" would probably bring a round of applause from my friends that haven't seen me at the "no tan lines" beach in a couple decades (old hippie), got nothing to worry about and did nothing wrong
The main issue (because it was about the board and my integrity) was that I needed to be transparent in the accuracy of my viewpoints after realizing that my own confidence in them had taken a hard hit
That's the important part to me, the rest of the BS is just a reminder to use protection from all forms of evil and disease in today's sick world
Stay well 😎
spec machine
1 mes hace
No problem, I do have my long-standing opinion that the business plan, the prospects presented, and the team assembled for the first drilling campaign, were all of a caliber that gave the operation a very reasonable risk/reward balance
It wasn’t the greatest expression of that opinion, but my sentence (fragment) “Plans for the future that include GulfSlope” ….. was my answer to my question
A better way to say it might have been -
I really think they performed in a manner that they can be proud of
Even though it fell short on results, it was a well reasoned and skillful performance
Covid and politically weaponized policies effectively shut down everything that didn’t have a positive cash flow or a war chest of cash for the lean times
During that span of time, their choice was to minimize cash burn and hunker down other than the efforts toward M&A with suitable opportunities
The wars that escalate weekly, including sabotage and attacks on civilian merchant shipping have dramatically altered the markets for EVERYTHING
Change is normal, but the swiftness, breadth, and magnitude of these changes in our global civilization are truly breathtaking
—-
WTI drifting upward through the mid $70’s as unelected cabinet members shred and burn down our United States of America
Yeah, I still think they’re (GSPE) trying but daaaaymm things are seriously messed up right now
That said, the US economy is still fairly robust, mostly because our ability and willingness to create more $$$ M2 as well as the inherent advantages of being the dominant reserve currency (now being challenged more than ever)
I think we’re going to bounce
I think drilling is going to be doing well in our oil patches, especially in the Gulf of America (I’ll call it whatever I want), for a long time
If there’s a chance for GulfSlope to get a drilling campaign funded (or any related business endeavor)…. It’s really handy to have a registered and qualified company, a ticker all ready to go (after getting current with SEC filings, audits, etc), and a big chunk of expertise on tap
I wax philosophical, and I am very optimistic (it might not be evident in some of the gloomy points I mentioned)
Happy Hippie in the Hills
spec
😎🇺🇸
spec machine
2 meses hace
Yeah, I think the only way it has value is if they carry forward with the data collected and (mostly”stale”) processed seismic
Of all the prospects, there were several substantial “estimates”
The modeled data was enough to secure the funds to drill the first round
So close I could taste it ….. ewww
That was before the toxic market of “war on fossil fuels” with the hidden financial blackballing
So the prospects still exist, enough data to show core potential, enough to reshoot and maybe drill
Is there enough value there? I don’t know
I think that the early founders, family, and friends probably still hold their first share
Nobody could have predicted the chaos that erupted after the Tau-1 halt
I foolishly thought that we were rolling into the biggest commodity super-cycles of our lifetime
Instead, we’re rolling into level 57 bat shit crazy global conflict on a dozen hotspots
I’m just a country boy and can’t count past 11 unless I take off my shoes
So, too many countries firing bad rockets
I’m tuned to the good ones, the advancement of civilization, to the moon, mars
Uncharted territory, in the fog, at night
Don’t know where this goes from here, at the “probably zero point zero zero” level
My doc tells me to chill on the geopolitical BS, and my nurse tells me to chill on the same stuff and eat a few of these gummies
You KNOW who I am gonna listen to!
Hammock, lemonade, campfire Cheers to a great 2025
spec
spec machine
2 meses hace
WTI is dancing under $70 despite any risk premium of having yet another war going fully lit 🔥
The Clintonian handlers managed to inflict the damage and revenge they promised long ago
Even more creative ways to conduct warfare and destruction, boomy pagers, boomy subsea pipelines, drone swarms, hypersonic….. blah blah …
Disrupt and sanction trade, fund proxy wars, preemptively strike military targets …..
But we still buy your vegetables and sell you California cheese
We’re running out of little increments just short of WW3 and nukes
Submarines/subsea drone weapons and satellite weapons are the only unplayed cards that I can think of
We’re running out of more countries to get into full hot mode. …
I’m telling ya it’s so bad that the drug cartels are complaining about the price of small arms and ammo
Sheesh!!
Answer is easy
Peace and love,
lots of both
I gotta admit, it’s a bit disappointing that there hasn’t been any communication to shareholders before tax loss season
Sub $70 crude puts a little squeeze in their market space
But I said long ago that I was in the green enough to let my remaining shares go to hero/zero
I don’t even get cell signal at the new cabin but I will check in occasionally
Cheers
spec
smith199
2 meses hace
OK, I finally had a chance to watch the video you posted. And I just want to express my gratitude for making the effort to share it with the readers here. Everyone must watch this! So, Thank You very much!
Some of the content consists of topics we have discussed on the board before. But this adds a level of credibility that a poster on a message board lacks. I am happy to have this confirmation of our opinions as justification that we are on the right track.
Some of the statements from the video that I found applicable to the proponents of renewable energy in the USA was that most “never really consider how the world works, how things are made, and how deeply imbedded in our lives fossil fuels are”. And that “we are not using data (to guide our decision-making process), but relying on aspirations and goals”. How true it is.
This is what is behind our affordability crisis of too high costs for our energy. I especially agree that the purpose of an electrical system is to deliver affordable and reliable power. But the green grids we are building are expensive and unreliable. The window to avoid a calamity is rapidly closing. Anything we can do to inform others will be of benefit.
I was very surprised to hear that a country with as much NG reserves as Australia would need to build terminals to import NG from other countries to supply fuel to generate their energy and manufacture their products. One of the persons being interviewed made the point that Australians do not mind using NG as long as it is not produced in Australia. Shocking. And not very bright….
This is why I support DJT and his pick for Secretary of the Interior and the creation of the National Energy Council. I see it as vital to pull all the entities together so that permitting, production, generation, regulation, transportation, infrastructure, and all the other essential energy functions can get pushed through quicker so things can happen to make certain we have the energy we need in the USA at a price we can afford.
All in all, this was very much worthy of the time needed, and once again ‘Thank You’ for this effort.
Mrs. Smith aka Drill Babe
smith199
3 meses hace
As we head into the new year, some notable developments occurred in 2024 that indicate global governments are finally waking up to the climate hustle. Readers here are encouraged to be watchful for similar indicators in 2025.
I refer to the International Scientific Conference of the Climate Intelligence Group (Clintel) held in Prague, Czech Republic during Nov 12-13.
Here it was revealed that “wind and solar are costly, intermittent, and more environmentally destructive than any other energy source”. Further, their conclusion was “Governments should cease to prioritize or subsidize them and should expand use of coal, gas, and nuclear”. I was certainly not expecting this development.
Additionally, the COP29 climate summit failed to approve the amount of funding requested, which reportedly left the attendees of the conference in chaos with climate groups claiming a “betrayal”….
So, at this level, where the renewable rhetoric rubber hits the rough reality road, the ‘Climate‘ plot thickens about who will actually pay, and for what, and when, and how much. You really gotta love it when they do not want to actually put the money where the mouth is. The level of commitment to the climate cause appears to be waning. And certainly this quite recent large GSPE share trade was in no way influenced by any of these global developments. Just “experts” playing around with each other. Right?
Are countries across the globe finally waking up to the fact that fossil fuels will indeed remain the name of the energy game for now and into the future?
It certainly seems much of the luster of alternative energy is beginning to appear quite dull since many of these projects are revealing the overt shortcomings and excessive costs of renewables.
Other questions also remain. Could it be that the expensive and unreliable renewable energy, produced with components creating wealth and jobs in other countries, will turn out to not be such a serious energy source in the USA for now, and will not be for at least another generation (if ever)?
Should we agree with the Billy Bob monologue that said if XOM thought these windmills were the answer, XOM would be putting them everywhere (with their logo prominently displayed)?
Is the only thing ‘green’ about renewable energy found in the pockets of the major investors?
I also predict that it will become even more apparent how totally uncompetitive renewable energy is in the consumer marketplace without substantial amounts of government tax incentives. This will likely result in the development of renewables confronting ever increasing levels of resistance. And many of these subsidies will ultimately be repurposed towards other, more critical needs in the next administration.
Since there are very distinct differences between the outgoing administration and the new one incoming, it is prudent to point out how highly improbable it is that there exists a realistic USA Energy Dominance scenario that excludes increasing GOM production.
I cannot emphasize the consequential significance of this statement strongly enough, so I ask readers to reflect on the new political focus in US energy, as I see it from the perspective of a GSPE shareholder.
The GOM lease auctions are pivotal in determining the future fate of Gulfslope Energy and our investments in the GSPE shares. As a result of a greater number of GOM auctions, comes compelling increases in the amount of seismic activity, and also the number of GOM drilling campaigns. Both events likely resulting in greater demand for the services offered by Gulfslope Energy, and perhaps providing a path to even more partnership opportunities….
And this is the essence of the significance of the GOM lease auctions. For the record, over 5 years, Joe wants only 3 lease auctions. DJT requested 15. And this was one of the main efforts Joe planned to use to stifle production in the GOM. It was obvious to most that the USA was never going to be able to maintain its competitive edge in world markets if following the leadership of the Joe administration.
The points being made here are only intended to assure that all readers are aware of the legitimate tactics that are being developed to overcome the obstacles the company faces. And we should keep an eye on them. This is the main message of this post.
The next thing we need on the agenda is for the company to file financials and get back in the SEC’s good graces. This appears to be the most imminent of the threats facing GSPE shareholders.
And although the GSPE shares do truly face serious challenges, my motto remains "DRILL, BABY, DRILL" because there does exist a critical and fundamental change in the USA energy dynamic.
One that reopens a familiar path for Gulfslope Energy, as I seem to recall that during the first DJT administration, the company was drilling in the GOM…. Is not the second time supposed to be the charm, lol?
Finally, as I remain optimistic over these recent changes in perception as pertains to energy and the creating of wealth in the USA, I am also seriously considering revising my message board alias to include Drill Babe!
Nov. 5 made a difference to the future potential for the GSPE shares possible. Thanks for your participation in that process.
MERRY CHRISTMAS and HAPPY NEW YEAR.
Mrs. Smith, aka Drill Babe
Ebenezer3
3 meses hace
No need to apologize, seems theirs an echo, lol. When people rely on someone else to do their thinking for them that's how we end up where we are, so what ever happened to common sense? and why have we become so scared to stand up for the obvious? This last election wasn't so much about Trump or Biden/Harris, it was about all the nonsense that is being forced down our throat, I would list them but there's not enough room. Thanks for the video, Happy Thanksgiving and Merry Christmas All.
smith199
3 meses hace
Anticipation. “We can never really know about the days to come. But we think about them anyway.”
In case you missed it in the recent remarks from our President-elect, the new goal is to create a path to “US Energy Dominance” achieved by “enhancing private sector investments across all sectors of the economy”. And I also remember from a class that a past president (JFK) said, “a rising tide floats all boats”.…. It is becoming clear that the next energy trend is indeed turning in our favor. To be ‘dominant’ in energy is to be committed to fossil fuels as the already proven, affordable, economical, and profitable number 1 energy source.
The ‘big money’ integrated oil companies will focus many millions on deepwater drilling projects while pursuing the vision of an energy independent USA. However, most investors will have more modest budgets and must concentrate on the shallower regions in the GOM. Of course, shallow water is the core space of the GulfSlope Energy expertise.
These recent comments from the President-elect are the most positive news for Gulfslope Energy investors in the last 4 years. In a master stroke it appears that he is bringing all the ‘Big Dogs’ to the DC table, and it is obvious he really plans to make America greater this time around.
Recall that Joe’s ‘current’ BOEM 5 year program (2025-2029) has only 3 GOM lease auctions scheduled. And the President-elect, at the end of his 1st term, called for 3 auctions a year over 5 years. So, 3 GOM auctions vs 15 GOM auctions….
Requests are already being made to the next administration and the 119th Congress for a “new Bureau of Ocean Energy Management (BOEM) five-year offshore leasing program” and much more. This is the new and welcome GOM focus.
So, evidently it is true, you do never really know about the days to come…. But nonetheless, I perceive these most recent developments as positive signs for the future.
The half-time show has ended and we are about to kick off the second half of this GOM energy age. All of us here already have good seats and plenty of popcorn. Waiting for the whistle to blow to begin the third period….
Link to API’s 5 Point Policy Roadmap, released 11/12/2024:
https://www.api.org/-/media/files/misc/2024/11/api-five-point-policy-roadmap_
Mrs. Smith
spec machine
3 meses hace
There’s a pretty bold transition in the works and those who are in a state of panic generate an aura of guilt
An earlier post of mine appears to have never escaped the hemlock ravine I was in, super peaceful though
No shortage of drama ahead for oil markets, a couple wars in terminal phase, hints of regime change in Iran and Lebanon, and an abrupt change of course for the most powerful nation on earth
Rural PA vibe was a sigh of relief, a smile, and back to work
Cheers
Full moon buggy rides
spec
smith199
3 meses hace
Interesting development. Breaking news about Secretary of the Interior and the newly formed ‘National Energy Council’. I support this Energy Perspective. Looking forward to the future. This is the Leadership in Energy that the country has been needing. And the productivity increases will whip inflation’s bottom and leave welts.
Statement on Energy by President Elect, 11/15/2024:
“I am thrilled to announce that Doug Burgum, the Governor of North Dakota, will be joining my Administration as both Secretary of the Interior and, as Chairman of the newly formed, and very important, National Energy Council, which will consist of all Departments and Agencies involved in the permitting. production, generation, distribution, regulation, transportation, of ALL forms of American Energy. This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation. With U.S. Energy Dominance, we wil drive down Inflation, win the A.l. arms race with China (and others), and expand American Diplomatic Power to end Wars all across the World.
The …. War on American Energy has hurt our Alies by forcing them to buy from our adversaries, who in turn use those profits to fund Wars and Terror. ENERGY DOMINANCE will allow us to sell Energy to our friends, including all European Nations, which will make the World a safer place. As Chairman of the National Energy Council, Doug will have a seat on the National Security Council. As Secretary of the Interior, Doug will be a key leader in ushering in a new "Golden Age of American Prosperity" and World Peace. The Biden-Harris Administration has driven our National Debt to a record $36 TRILLION DOLLARS. Yet America is blessed with vast amounts of "Liquid Gold" and other valuable Minerals and Resources, right beneath our feet. We will "DRILL BABY DRILL," expand ALL forms of Energy production to grow our Economy, and create good-paying jobs. By smartly utilizing our amazing National Assets, we will preserve and protect our most beautiful places, AND reduce our deficits and our debt!
We will also undo the damage done by the Democrats to our Nation’s Electrical Grid, by dramatically increasing baseload power. This will reduce the cost of Electrical bills that continue to skyrocket for Citizens and Small Businesses under Biden-Harris, and ensure that America has the power to serve all of our needs without the devastation of blackouts and brownouts, and to WIN the battle for A.l. superiority, which is key to National Security and our Nation's Prosperity. Doug Burgum will protect our Nation's Natural Resources, restore our fabulous Oil and Gas advantage, and Make America and its Energy, Dominant and Great Again!”
Mrs. Smith
spec machine
3 meses hace
Good info, as usual
I save the best ones in my “favorite books” folder
But seriously, the Red, White, and Blue team is alive with new participants coming onboard every day
The new cabinet is taking shape and all indications are exciting
While lower crude prices soften the margins, the upshot is a broadening of opportunities as financing hurdles melt away
Blocking new LNG export projects was one of the most anti-American, anti-free market moves that I have ever seen, a boneheaded move and clearly a malevolent act
And yes, you nailed it with the “New Golden Age”
Not just the USA, every free nation will be in a better position to prosper
Hopefully, a certy small independent oil exploration company will be lifted on the rising tide and be able to recapitalize in order to take another swing at creating profits through the drill bit
I’m excited about the future and I am living as healthy as possible so that maybe I will be able to travel to a Mars colony
One step at a time
Today’s step is one step closer
Cheers
spec
smith199
3 meses hace
As a country this Red and Blue did not work out so good. We need to get back to being the Red, White, and Blue and rid ourselves of the divisiveness for the benefit of all. I am keeping an open mind, an open heart, and a focus on oil and gas exploration in the GOM. We will see how it goes.
I look forward to the new administration discarding the hundreds of rules, regulations and executive orders that the current administration inflicted on the oil and gas industry.
By next year, I hope to see the DOI encourage oil and gas production on federal lands, the SEC to break away from its ESG reporting (climate) chokehold, the EPA reduce their environmental injustice, the DOE to authorize even more LNG exports, the IRS to rescind the billions of dollars in tax increases on oil and gas production, the Senate to request the restart and completion the Keystone XL pipeline, and the House to call for the Senate to pass a bill similar to the H.R. 1 (Lower Energy Cost Act) of the 118th Congress.
We must wait until the outcome of next week’s Senate Majority Leader vote to see if the new administration will have the support of the Senate leadership. Further, in Arizona, I hope K. Lake beats R. Gallego by 1 vote, lol.
I am reminded that there was once a time not so long ago, when much critical infrastructure existed to facilitate the importing of LNG into the USA to support our country’s anticipated future energy needs.
But not anymore. No, hardly any now. It was mostly converted over to allow LNG to be EXPORTED to overseas markets from the USA, since we have emerged as the world’s top exporter of LNG.
The boom in building LNG terminals in the USA continues to support low NG prices here, yet is still beneficial to our Allies. Currently there are construction projects costing billions and billions of dollars under development but the current administration has been stalling their progress.
And recall that almost 10% of all U.S. exports are chemicals (agricultural, specialty, and consumer products) and the cost of NG when creating these products in the USA is $2.50, as compared to Europe and Asia at $14. So one thing is assured, our domestic products will always be competitive in overseas markets.
By the way, the EU announced today that it could consider replacing Russian LNG imports with those from the USA. The President of the European Commission, Ursula von der Leyen, told reporters on Friday “We still get a lot of LNG from Russia and why not replace it by American LNG, which is cheaper for us and brings down our energy prices".
Link: https://www.reuters.com/business/energy/eu-may-consider-replacing-russian-lng-imports-with-those-us-von-der-leyen-says-2024-11-08/
Also recall that forecasts call for the use of electricity to double over the next 5-6 years. This will be a HUGE development that will only occur if and when NG is designated as the preferred fuel for generating electricity.
Forget wind and solar. They will not be major players at this level, because they cannot be relied on to keep the power on. And the power must stay on 24/7/365 for the USA to compete and thrive.
The history of World War II proved that the USA was only able to fight two simultaneous battle fronts and WIN in Europe and the Pacific because we had the industrial capacity to do so.
This is why it is worth mentioning the importance for the USA to not lose jobs, but to instead increase both the manufacturing and oil exploration jobs here at home.
Increasing our manufacturing capability across the USA is the key to our country’s future economic success, and fortunately our new administration realizes this, and is very focused on getting this accomplished. Besides wealth, this also creates jobs. Very exciting vision for the USA workforce.
This is in spite of the past several reporting cycles where we have seen the Department of Labor revise the Bureau of Labor Statistics report downward. This is not the direction the country needs to be going, so this transition will not occur a moment too soon.
So even though it is early days, expect to experience the promise of that “Golden Age”. To me, this was a welcome hint regarding the focus and priority of the new incoming administration. I find it disappointing that some politicians actually plan to stall or block any progress. Shameful.
Stalling and Blocking only hurts the nation. So the question seems to be, is it to be patriotic profits or power-hungry politicians? Evidently, we cannot have both. We must not follow the ideologues. Follow the smart money instead….
And I have always liked the sound of “Drill Baby, Drill”.
Focused on the future,
Mrs. Smith
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elcheepo
2 semanas hace
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