Has to be a big bargain buy. This stock could go 50p by jan2015.
Thanks Reillo for your thoughts and tips. Slight increase in price of oil today, hope it continues.
Hi Speedy.... In my humble opinion... the drop in share price for this company is directly and solely correlated with the oil spot price. As you rightly state the fundamentals have not changed... The pipeline is happening and the benefits it brings will be applied. This just seems to be following the spot price, which is logical. Some rough calculations would suggest that the current price reflects our forecasted earnings for the full year adjusted for the drop in price per barrel we will be achieving. Does anyone know if we have any commodity hedging in place... This is something Nighthawk have announced and makes sense in this climate, (btw, if you haven't already get a look at them... another oil company which should be well place after oil recovers)
Yes had fingers burnt in banking crisis, big time, don't really think i am any good at this investment malarky but I keep trying, its got to come good sometime, hasn't it.
Indeed Speedy, although I remember thinking that about the HALIRFAX......................
You will be glad TESCO has no R in it then. Lol GL
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