Closing up 56p on wk with OP $64 has helped, having risen for the past week, mainly some say down to a short squeeze in the futures market. Whatever its good to see the sp and op rising in tandem for a change. Payment worries continue though taking a back seat while t/o rumours attract the short term hot money. Have a good w/e one and all.
Wonder how Blue Crest Cap are feeling re their 0.71% short position? They started back in Dec '14 and have added to a further 9 times throughout 2015, lastly on 31/3 (470-480) range. They must have hoped the stock would resume its downward plunge but have been caught out by the Easter reversal to where we are now. So far no evidence of them closing out, with associated costs this looks like one shorter caught sans pants:):):)
Cheers Stalin, where do I send my 'fiver'? Good to see a few more joining the bb the more input the better and while its strictly a Gnl focussed bb views on other cos and related matters add to the interest and variety as there are many posters with a wide experience of life....the market and even oilies! Cant be sure but profit taking seems to be absorbed and the sp resumes its upward path. I'm sure we will have a few stumbles along the way and if a bidder is in the wings lets see if you have more than a flush! Gla another blue day the 10th running! How quick time flies one minute were headed for sub 400 and despondency the next 600 and all's well with the world.
Personally feel it may recover to 600, but will need positive statements on revenue or M&A (GENL, GKP or other) to really fire the share upwards. Issues with Greece and the reputation of May will keep a clamp on otherwise. Still fingers crossed for the rise to continue.
Sure. This is a some-term winner guaranteed. There's no losing scenario, as long as they eventually find a way to get the oil out and get paid for it. Just having some crystal ball fun while we wait. I don't see it coming back down now, before 760. Directors should be piling in soon.
No criticism intended. Hopefully turn around has occurred but feel it is going to be bumpy ride for a while so have pulled some money out in case of a drop back as was a bit over invested in this. Personally not happy calling lows and highs and just invest in shares in which i have long term confidence in.
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