64,000 shares over the last two days as I want to start buidling up a position in this stock and will buy more if it were to come back a bit. I gave it good consideration and think that when the pipeline later in the year comes in this will take off. There might be volatility before, but that's part of the game. Overall nice story with a company which is generating cash flow.
I agree, but I have not bought yet as I'm a bit concerned by the fact that October could be a very volatile month for shares. Interesting that investec comes out with this kind of target. I think that the stock will do really well if and when the pipeline in finally completed, it's just a guessing work to define the if and the when. More pondering for me.
Tbh at first glance I thought a bit pessimistic but looking at this compared to other oil plays and what we are about to achieve....we are out of all of them in a very strong position for upside growth in our SP. With peace deals in Colombia, pipes about to be connected meaning we are even profitable in a downturn.....and with drilling underway...we can only go up from here... If BP or someone needs reserves I know where they can get some....and they prob still have Wardle in their phone list. Looking forward to an upward rise from here up to New Year with all what's going on .....SP could easily be double what it is here....
It could be worse
You could have subscribed to Glencore when it listed and wondered how it all went wrong. As long as this company can preserve cash in the (probably) extended downturn it will be a winner. That means less egregious payouts for the C suite!
Amerisur Resources plc Price Target Cut to GBX 25 by Analysts at Investec (AMER) Amerisur Resources plc (LON:AMER) had its target price decreased by equities researchers at Investec from GBX 35 ($0.53) to GBX 25 ($0.38) in a note issued to investors on Monday, Analyst Ratings Network.com reports. The brokerage presently has a “hold” rating on the stock. Investec’s price objective indicates a potential upside of 3.56% from the company’s current price. Amerisur Resources plc (LON:AMER) opened at 23.910 on Monday. The company’s market cap is GBX 254.10 million. Amerisur Resources plc has a 52 week low of GBX 19.10 and a 52 week high of GBX 57.50. The company has a 50-day moving average of GBX 26.43 and a 200 day moving average of GBX 31.04. Amerisur Resources is a United Kingdom-based independent oil and gas production and exploration company focused on South America, with assets in Colombia and Paraguay. The Company operates and holds a 100% working interest in the Platanillo block in Colombia. The 11,048 hectare block is located in the Putumayo Basin, in the south of Colombia. It operates and holds 60% working interest in Putumayo-12, a 54,444 Hectare block which is adjacent to Platanillo. The Company also holds 100% of the Fenix block, a 24,117 hectare area in the Middle Magdalena Basin of Colombia. It holds 100% ownership of five blocks, holding two exploration and production and three prospecting permits extending over 6.4mm .
Shame as I am in these and have been over the years. It amazes me how quick profit can turn to loss in this oil game. I do think we will dip based on these results but that may present a buying opportunity at a later stage. Now though for me it's squeaky bum time as these results were worse than I expected...from such a profit to such a loss. I can see these hitting closer to 20 pence short term :(
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