Apologies Deeko, not trying to deceive - just a daft error on my part. I should have stuck to forecasted profits for next year rather than boepd.
SQZ seems to be in a traders cycle on todays churn, although with a daily jump of 10% again, you can get caught out. Good to see around 25 posters on this board, I have followed it for a number of years without commenting, and SQZ was sleepy hollow.
SQZ is by far my biggest E & P shareholding, and I certainly feel we only have good news to come, which will reflect in the share price on each successive announcement. Have recently been adding to PMG as I don't think SQZ is overvalued and whilst I traded a 100,000 on the initial retrenchment and subsequently bought back, I'm now holding or a further rise to 30p.
SQZ with a 54% float of 140 million shares PMG 6% float of 66 million shares
SQZ - 3000+ boepd / PMG 5000+ boepd SQZ circa $25 million in cash / PMG circa £30 million in cash SQZ - Erskine / PMG Netherlands Gas
Not withstanding each companies future developments/ drills, we have SQZ with a circa £68m MC and PMG around £50m MC.
To be conservative. 0.5p will do me. I'd imagine we will be much higher but I would be relatively happy at that level. I usually invest over a time frame though rather than price, unless subthing substantial happens. current time target is for drill results 2018 so I should see much higher that 0.5 or 0.7p if Columbus, aquisition and cash growth go to plan.
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