Decent volumes on the buy side and all automatic trades - somebody is willing to clear the book upto a certain price. As a single event it still does not imply anything significant, if it continues this week and the price starts to move towards two hundred, then maybe we can think something is happening. I have been thinking maybe the recent movements are related to the ceasefire and today's annocuncement: '(Reuters) - The Moscow Arbitration Court has awarded the Sistema business conglomerate damages of 70.7 billion roubles ($1.13 billion) for losses related to the seizure of the Bashneft oil company, RIA news agency reported on Monday. The court ruled that a firm called Ural-Invest, which sold a stake of over 70 percent in Bashneft to Sistema in 2009, should pay the damages. Last year, Sistema had to transfer its stake in Bashneft to the state to comply with a court ruling that said the privatisation of Bashneft in the early 2000s was unlawful.' This maybe is risk off with regards to Putin nationalisation of private oil companies. Maybe it is that a bid is coming, I'm guessing it is not.
16 Feb '15
gambier, what do you think?
Big volumes today and buys of over 2.5mil??Maybe at last things are moving??
16 Feb '15
unusually large movements going on here?
16 Feb '15
takeover news soon?
15 Feb '15
The power of the
Kremlin seems to have no limits. Why have all the posts been removed ?
10 Feb '15
SP movement just relating to the big spreads, the big buy today was at mid-price, I wouldn't read anything into it. Next news is another pointless monthly production report followed by the unaudited 2014 results in March. Reserves update with probably be in March also. More bare minimal stuff from the stooge board. Big investors won't touch this company now, most of the volumes are just private investors with the odd few hundred shares. The failure to drill significantly in 2014 has worked out well with low oil prices, capex will have been minimal. The weak rouble / strong dollar will sort out opex. Will be interest to see how the tax escalator has minimised losses from the fall in oil price. Also interested to see any foreign exchange losses.
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