Nobody can deny that the that the SP of Europa has been disappointing over the last 5 years. However, timing is key in the investment industry and this has been very apparent here. I bought in to EOG last October for a few reasons. The business balance firstly. This is a grass roots company that has been provided with very strong foundations, ensuring Europa will have a long and successful future ahead. Secondly the balance of assets versus the risk/reward is key for business and Europa has that balance nailed. The third point for me is newsflow and recent developments have proven 2015 will see some landmark newsflow for Europa. The last point is expansion potential. As the BOD have run a very tight ship regards spending this has paid dividends (not literally,lol) and will allow them free reign when it comes to buying more projects. I really feel there is no better time for EOG to take on some debt and purchase a development/appraisal project to push this company further and provide further income and newsflow. The O & G industry is on its knees due to a very difficult decade and cumulating in this recent oil price crash. Many companies are stranded with no access to financial markets, low income from their oil and crippling debt. We will see a rash of M & A across the sector as a natural selection process takes place. Our strong position allows us to be hunter and not prey upon, with rewards being reaped once the oil price climbs again. Buy, buy, buy, is my advice to our BOD. Of course, Hugh is very aware of my feelings from the regular e-mail he receives from myself :-). This company deserves success and I truly believe the good times are here. As always ..........just my thoughts and opinions
Nice to see some reality kicking in here.
I concur, I have watched my shares go down year after year and stabilise at 6-7p. This is why something major needs to change, I can't for the life of me understand how some posters can continue to be positive when nothing changes. The oil and gas sector needs shaking up and I think consolidating. The larger and stronger companies will survive, the weaker companies will be forced to eventually go to the market for more money and sell shares at considerably lower prices than what we have seen to date. Forward looking BOD should realise that and ensure that there is a duty to shareholders to do whatever it takes to strengthen the company and not through dilution resulting in a lower share price base.
RE: Time passes.
Ahhhhh man germansi I hate to say it but you are spot on, the boy that cried wolf bring to mind, here is to wishful thinking, oh well another year maybe we get lucky maybe we dont chow for now.
RE: Time passes.
It's just been all down hill hasn't it...or does it just feel that way. I chuckle with the new blood and the positive sentiment. But like you have heard it soooo many times and nothing really changes. The big win for the year doesn't come, around Oct/Nov realisation sets in and the board gets busy with anti board sentiment. Then a new year arrives, everyone says how it will be different and on we go with the merry-go-round. One day eh!
This board. 2010 This Stock is cheap we have a company maker including other positive comments. 2011 “ “ “ “ “ “ 2012 “ “ “ “ “ “ 2013 “ “ “ “ “ “ 2014 “ “ “ “ “ “ 2010 to 2014 No real movement to the upside regarding the Share price 2015 Anyone’s guess.
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