LayLadyLay- you asked Silv - 'am I a bad guy simply because I don't conform to group think? ' - my opinion is YES - people are familiar with the concept of cheering on the the side they want to win - you claim not to have a position here yet you continually post negatively for hours a day - sounds like a troll to me!
BTW that might have been ok if you got it right but you clearly don't - as I have been known to mention to our readers ' time after time ' !
Jonwatts - why not keep up with the board - SG are still taking our oil - probably because they can't be bothered to cut off their nose to spite their face - LGO are the local producer of oil and the quality suits their requirements - respect for pizza delivery boys but you've failed to find the right address with that one haha!
Nottspie - I'm disappointed LayLadyLay didn't post a birthday tribute to Bob yesterday but your post inspired me to this one for her :-
' You just kinda wasted my precious time But don't think twice, it's alright '
LayLadyLay- all this concern for investors but too LazyLazy to get to the bottom of the Spanish oil business cos it didn't suit your position - Emily obliged to wipe your bottom for you - reminds me of the time I had to email LGO to firm up the cost of the oil swap repayments which you were misrepresenting in your ignorance!
Siliv, you are trying to distinguish yourself as being morally superior and yet only you knows how you invest/trade. Am I a bad guy simply because I don't conform to group think? It's very telling for me that blatant rampers don't get the same critical response despite sometimes making claims that are simply untrue. Take surprised post just now, claiming that all signals are bullish. What exactly does that mean? What signals? Yet again he mentions the possibility of DL rejoining the BoD but where has this rumour sprung up from and how long has surprised been hanging out this carrot? He also says there is a programme of drilling GS wells and yet we all (should) be aware that this is currently nothing more than a future plan when funds permit. IMHO another placing or alternative funding will be needed before that programme of drilling can become a reality. I think my view is realistic rather than negative. There are financial constraints that are preventing the company moving forward and the workovers are not going to achieve much more than to offset decline in the field. I think many people underestimate the cost of simply maintaining current production levels let alone boost production substantially. Let's see what news is forthcoming from the company and then we can judge if any progress is being made. Goodnight.
on LGO, we all know of the programme of low cost shallow drills, we can all see wti on a sustained climb, we all know of the target to achieve a realistic 1000bopd, more will clearly be a bonus, almost all media outlets are now viewing LGO positively and if granted (and we expect to have) the Spain licence in the next couple of months, the options for LGO will grow further. the sp is a fraction of what it could grow to as work progresses. It will not happen overnight, however the coming months should see a steady climb as the sp follows the improved situation LGO now finds itself facing. Throw in the possibility of a return to the bod of DL and a farm out /jv of one of the assets and you have many positive signals with large upside against very little down imo ;-)
Just checked Bloomberg and WTI breached $49 for the first time in months and is currently trading at $49.10. Brent currently $49.01, first time in a long time that WTI is trading higher than Brent. This current rise is probably mainly due to weekly production numbers from The States showing a bigger fall than what was expected. Sentiment looking good on several fronts just now, long may it last!
Nice deflection LLL but sadly still not enough for all but the totally gullible to be taken in by your relentless digs and negative slants regarding the company purely for your own financial gain.
Personally, I find the pseudo concern you show in your posts purportedly trying to save other people money, the saviour of thepoor little less informed investor disingenuous and duplicitous. And before you protest as you did previously that you never said you were trying to save other people from making a mistake your post clearly said "Keep your feet on the ground and head out of the clouds then you may avoid throwing good money after bad".
I sincerely don't wish you or any of your Kin luck with your trading as it is totally at the expense of other honest investors.
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