Calendar may well be 3D 15-21 days time. Then three weeks for institutional digestion. If 3D was good we get large institutional buys followed in Nov- Dec the herd. But if the 3D is a bit light it will Jan 2015 for any herd to arrive. In the middle of this there will be some troughs. Meanwhile the Russians may cause a lot more trouble in Ukraine and throw that into the mix together with the ISIS/ISIL problem plus El Presidente's ramblings from Buenos Aires. Phew what a mixture !!
If its north of 1.5bln bbls 25% recoverable we're all in business as it should be 28api low sulphur waxfree crude. But just now only the FOGL BoD and their advisors know and I'm merely adding a little temporary caution as I have been there myself quite literally e.g one of our small 100mln bbls fields is a difficult one where we may only get 15% recovery of excellent quality crude.
Jonny too Bad the risk at present with this one at this price is negligible but if it runs too far ahead and the 3D is subsequently not as good as expected well then there could be a nasty shock for any short term investors. I hold a lot of shares myself but via Des my strike price is only 8p and am a long term holder so personally I am not bothered much but I have often seen short termers loose their shirt so to speak, as we all have. When that happens more damage is done as they all leap like lemmings ! Just don't want to see it here but instead a steady rise to Jan next, maybe 120p with luck.
not sure I agree with your 'be careful' statement....well anymore than any other share as this has been languishing for a long time and it's to be expected that there will be some interest leading up to 2015. It's hardly rocketed in the last week or two.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.