Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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All to do with the oil price yesterday
Steady so far today, in fact slightly higher on better than expected China, Japan and even Australian trade numbers and indications. As to OPEC the Saudis are waiting to see exactly what unfolds next month re Iran UN Sanctions being lifted. Iran as to be expected is saying its all straight away but US & UN are both saying it will be gradual geared to UN nuclear inspections. The Saudis have now said that its in the OPEC interest to fully accept Iran but just now no one knows quite what to expect. When the Irán oil numbers are clearer by Q2 2016 then there will be preparations for some form of agreed OPEC action which I suspect will be a cut of some sort to include Iran's likely new output. And meanwhile the Saudis will continue to try to cut into Russian business with the EU.
To see this sub 7p. Surely this is part of a bigger plan to see the smaller players in the NFB wiped out. SFB is dead for now due to huge well costs and lack of proven oil. Buying these now gives RKH shares @ circa 21p a pop. I guess the only question is how much lower will they take it...
Let me clarify that 10-15p is RKH's SP, which is what you may as well look at now.
There are many commentators but the reality is that nobody has a clue about where POO is going. We are in completely uncharted waters. The Saudi's are waging an economic war, but have lost control of the situation. Non-OPEC members aren't going agree to cut production. It's like watching an old western with two men guns drawn at each other telling the other to put their weapon down. What is now clear that at some stage (and this is the million dollar question) the wheels will completely come off and the market will rise fast. That could be 2017, it could be 2020. Short term this is a race to the bottom, but I can easily see it dropping to 10-15p before a bounce to 30p. It's going to be a volatile ride.
The SP is taking a battering, but this can go up as quickly as its come down. Oil stocks are currently out of favor, which for the savvy is the the ideal time to buy. We have a safety net now with RKH deal in place. A Merger will happen, It has too for both Fogl or RKH to weather the storm. The reversal will come, and when it does oil prices will be at the other extreme. Patience people patience! Its a waiting game now, but rewards will come to those who wait.
If that is the case then you have my apologie just wish I had caught on sooner. Now watching the same posts on rkh and people thanking them. By the way not trying to put people off this share as I'm out, but please normal pi's do not take encouragement from these so called experts.
The apology was for you the rest was a general observation, anyway off to the pub now so that should make my eyesite better
No Pete you are wrong as usual. I studied all the posts for the last 10 months of eegbvi and his heard and noticed a increase in enthusiasm just before a slump. Silence then posts of encouragement soon after. I didn't follow the heard and sold and bought against the heard. Admittedly I didn't recoup all my initial investment but am seriously better of today than a I would have been .
I listened to you saying nov poo up/Jan Feb for cprs and should be a increase in sp now you say March April for poo increase well done you suckered me and plenty of others. Now I watch your posts on rkh with a smile . You play the game very well with your constant moving of the the goal posts to keep the hopeful holding. If you are realy in oil I'm an astronaut. All in my opinion of course.
Lol sorry i stand corrected these phone screens far too small for me, ramping deramping is what people on here use to make themselves and each oother feel like big shot share traders, come on get real you can't believe a few k worth of shares bought or sold is the reason for hugh rises or falls do you ? or some pratt like bogroll who has been proven on other boards to spout the same crap is also the reason for them. Mm,s scouring these boards for tips come on get a grip
said no one, ever.. It's a good job a ****e at tying knots
If you assume that at present the market is pricing any non producing oil co at just its cash value as Peteb says (quite correctly at this point in time) then post the merger RKH should be at about 17p or so, plus maybe a little more for any incoming insurance funds so there's no need to rush in to buy. Let us hope the merger gets completed around mid January 2016 and meanwhile Humpy 2 is ok. Of course over the next few months as more shale oil cos fail and the Baghdad Govt runs out of cash the Saudis will decide to finally rein in production. April/May perhaps. Then all the oil cos SPs will really jump. Not for day traders though. !!
Don't know what you've been smoking mate but could i have one ? .If you really believe anything posted on iii or here would cause a fraction of a % price rise nevermind a 40% spike then you must be on something, last i knew Warren Buffet wasn't posting on either iii or here mate.
This company is a very clear example of how the directors have showed how to run a small business into a very small business! It is understood that the oil business is risky but this team should not be in it! At least they should not be paid for their performance? Unlikely no doubt? Managed to do what Argentina couldn't?
What's happened here eegbvi? Another of your 'constantly talked up successes' now crashed to earth, same old pattern being repeated here as on IOF. Expect to see plenty of 'new faces' here folks, all directly or indirectly supporting the eek pantomime.
Agreed. Can't see how it can not be approved given the lack of cash and the ever decreasing sp. I'm in RKH too and may buy a few more of these now as a way to top up RKH at a slight discount. The bod have played a clever game but they have shafted the pi's here. I hope they get their come uppance at some point. Seems wrong that they can get rewarded with non-exec positions at RKH when they have driven FOGL into the ground like this.
That's the plan drop the FOGL SP enough to make sure all FOGL holders are left with no option.
they did at least let all their mates exit at a much higher price so they're not all bad ;-)
come on Andy...they are far too busy feathering their own nests to worry about mere shareholders.....
We were defo gazumped when on that 40% share rise occurred. Sad now to see after such a bright start to the year we are now f***ed. 2 out of 3 drills successful and our shares have plummeted. You couldn't make it up.
looks like the merger may go through unopposed at this rate
Whilst Rome burns we still don't hear anything from the directors.. You would think there would be a flow of information leading up to the merger, but nothing.. !!
Is the dead or still worth investing for the long term
Everyone still alive?