goldfinger

FYI...Denis is the former CEO from over 2 years ago. Cheers! Thanks Sanjeev, I know... I am kind of amazed by the volatility in this stock that's supposed to be held by more patient investors. Probably previous personnel that caused most of the downside on low volumes over the last year... Denis seems to have gone out massively today though...

Dennis Tusar seems to be selling lots of stocks lately: https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

Brand is very important in a commodity business like oil, right? It probably has to do with investors not consumers? ::)

Very nice interview for one the heads at PIRA: http://www.bnn.ca/video/a-guru-s-call-on-crude~1152595 Balanced, well informed, "far away from noise of all types" overview of the oil market now and in the next decade.

The market ignored oversupply signs in 2013/14 for a while. Now it is ignoring a growing undersupply situation and will until it is too obvious to ignore (shallow storage inventories and negative supply to production balance at the same time). For now, if I had to guess, we are going to see seesaw moves in the 40/60 range with OPEC trying to mitigate the downside with periodic jawboning and bears coming up with EV/renewable/Tesla/Shale/Glut/Nigeria/Libya and so on arguments. Oil is very volatile and with lots of emotional trading (very volatile commodity). But if I had to guess under the gun I would say that it may reverse brutally not to far to where we are right now... And don't forget that this guy is BAAAACK!!! :o ::) :P

The market ignored oversupply signs in 2013/14 for a while. Now it is ignoring a growing undersupply situation and will until it is too obvious to ignore (shallow storage inventories and negative supply to production balance at the same time). For now, if I had to guess, we are going to see seesaw moves in the 40/60 range with OPEC trying to mitigate the downside with periodic jawboning and bears coming up with EV/renewable/Tesla/Shale/Glut/Nigeria/Libya and so on arguments. Oil is very volatile and with lots of emotional trading (very volatile commodity). But if I had to guess under the gun I would say that it may reverse brutally not to far to where we are right now...

No one is trying to justify a thesis beyond the point of reasonable doubt. And no one denies that renewables are growing in the future (we actually absolutely need it, e need most sources of energy we can find by the same token...). It is just that at the moment everyone repeats the same arguments: - EV(s) - Tesla - (The experience of Norway is kind of interesting with oil consumption increasing with rapid growth of EV sales and large gov subsidies in that direction and a green country with plenty of good will). - Renewables (plenty of subsidies and actually solar would make the grid less competitive at first making EV ramp up a difficult task). - Peak Oil demand (Even McKinsey sees it as far in the future) - Shale (well let's see what would happen if they cannot hedge at higher prices than today in the next 2 quarters...) - World swimming in oil (Global inventories are starting to depict another perspective) If someone digs into the nitty gritty details - this is just much more complicated but oil is still needed for a long period of time at a higher level than today and necessary supply capacity comes at a higher price point (including shale in the equation - Rystad probably has the best database for upstream companies). This crisis comes from a prolonged period at 90-110$ oil and it takes time to flush excesses. Also, as most recent crisis reminded us of, markets crisis do not end in crash - there are repeats (reminds me of the recent 2011/12 experience with financials). Recent supply reports are actually more bullish than the market is giving credit for but sentiment is just negative. I am seeing almost no tankers coming for SA in the last week, so their targeting of US storage is probably not bullshit and that should shake some bears pretty soon. Anyway the laws of depletion are immutable like gravity and time at these prices ranges goes against the bear thesis big time.

On shale profitability at these levels (and around 50$/boe too): http://oilpro.com/post/31703/attempt-to-help-don-minter-his-math?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2017-06-21&utm_content=Article_7_txt On renewables: https://www.technologyreview.com/s/608126/in-sharp-rebuttal-scientists-squash-hopes-for-100-percent-renewables/ https://www.spectator.co.uk/2017/05/wind-turbines-are-neither-clean-nor-green-and-they-provide-zero-global-energy/# https://wattsupwiththat.com/2017/06/13/wind-power-fails-in-canada-a-23-year-life-span-not-likely-to-be-replaced/ etc... etc... etc... On Future energy mix: http://www.mckinsey.com/industries/oil-and-gas/our-insights/energy-2050-insights-from-the-ground-up On Current oil market technicals: https://twitter.com/TheVolawatcher/status/877602556578418689 (and it seems that imports from SA are about to go much lower next week as traffic shows no new tanker coming) On future prices: attached pdf (slide 10) Not claiming this is a complete set (I have no time to expand) but just trying to break from the platitudes that we hear on the more bearish side lately. Rystad+Henrik+oil+and+gas+markets+-+Egypt+feb+2017+v1.0+handout.pdf

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to announce a non-brokered private placement offering (the "Offering") of common shares of the Company ("Shares") of up to 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of up to $270,000. There is no minimum Offering amount required to close, and the Offering may be closed in tranches. The first closing is expected to occur on or about June 20, 2017. The Shares will be issued in reliance on exemptions from the prospectus and registration requirements contained in the securities legislation in the Province of British Columbia and in the jurisdiction of residency of each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be paid in connection with the Offering. The Offering is subject to approval by the Canadian Securities Exchange. The net proceeds of the Offering will be used to fund the acquisition of an interest in Sequant Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and for general working capital. A little more dilution at 0.095/share. Almost half the initial offering price. And this is for more Sequant Re. I really wish Sanjeev has protected the downside here...

https://electrek.co/2017/05/08/byd-electric-vehicle-sales-drop-china/ Maybe there is a connection to subsidies in China... ::) There are more than 1.2 B cars today in the world and we are probably going to cross the 2B mark in the 2030's... I do not see the grids taking that much load in such a short period of time neither do I see > 1.2 B cars suddenly all becoming electrical. Subsidies to solar make the "classic" grid more expensive also. Hybrid might actually win lots of ground instead... Also consuming that much electricity from the grid is not environmentally friendly at all!

https://electrek.co/2017/05/08/byd-electric-vehicle-sales-drop-china/ Maybe there is a connection to subsidies in China... ::) There are more than 1.2 B cars today in the world and we are probably going to cross the 2B mark in the 2030's... I do not see the grids taking that much load in such a short period of time neither do I see > 1.2 B cars suddenly all becoming electrical. Subsidies to solar make the "classic" grid more expensive also. Hybrid might actually win lots of ground instead...

PDH invested much more money in Sequant Re after the initial offering so that I tend to hope that this is more than an option now... :-[

The problem is that US storage has stayed high in H1 2017 - and unless SA/Russia decreases exports to US, that stuff is going allow bears to party for a while longer...

I think you are right but I am not sure of the timing. FWIW I remember making the same type of argument back 15 years ago. Of course we are much closer now but it has alwasy felt like tech is about to kick fossil fuel's ass. My recollection is that around 15 to 10 years ago we had peak oil, and were about to run out forever. On this boards predecessor I was arguing with a guy about their being near unlimited fossil fuels underground. My argument was that the world had been covered by jungle for hundreds of millions of years and we were not likely to run out of fossil fuels. Anyway, I digress. And tech. development is rapidly killing coal. Peak oil is not about how much oil there is in the ground but rather how economical it is to extract what remains.

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) announces that it intends to acquire units ("Units") of MyCare MedTech Inc. ("MMI"), a telemedicine company which uses communication technology to deliver virtual medical consultations with licensed healthcare providers for non-emergency conditions through its app GOeVisit. The purchase price of the Units is $0.35 per Unit. Premier intends to acquire up to $500,000 worth of Units in several tranches. The purchase price will be paid in cash. Each Unit is comprised of one Class A Common share ("MMI Share") and one half of a share purchase warrant ("MMI Warrant") of MMI. Each whole MMI Warrant will be exercisable to purchase an additional MMI Share at $0.50 until December 31, 2018. Additionally, MMI will issue 570,000 incentive MMI Shares to Premier. Premier currently holds 2,000,000 MMI Shares. After acquiring the Units, it will hold 4,000,000 MMI Shares, approximately 27% (undiluted) of the issued and outstanding MMI Shares. Sanjeev Parsad, Premier President and CEO, is a director of MMI.