"unlikely to be interesting in themselves since we 're in Igas for future earnings not current ones, "
Speak for yourself. Current production activity and consequent cash-flow is a bedrock signifier as to how serious a player Igas is in the market. The current one, and also that of the future. One only has to look elsewhere in Europe and at some other companies (naming no names) to see how precarious the situation of 'holding acreage but not drilling on it' can be, and the effect on its SP.
'From small acorns do mighty oaks grow.' But you've got to find and plant the acorns, and nurture the seedlings for that to work. Igas NOW is that acorn.
You can't believe a "buy" is a buy, likewise sells ... the software just says "buy" if the trade is a above the mid-price, which it may or may not be. The MM usually won't go significantly long or short, though s/he might be accumulating a long/short position against a firm order on the other side of the book. Added to this, it's quite permissible not to report a trade, or to do "delayed publication". All in all, very little weight should be given to apparent seas of blue or red! The trend indicates the weight of buying/selling pressure ... but that's pretty useless info too, as trends either continue (50% of the time) or reverse (50%). IMO one's own fundamental research is the only valid place to hang a hat on!
By the way maybe some of you more knowledgeable investors might be able to answer a question I posed on the EDR board. Today on EDR there were two million buys and two thousand sells, the dealing chart was a sea of blue of ordinary buys, yet the SP hardly moved. How does that happen?
July 16th is date of preliminary 2013-14 earnings announcement; unlikely to be interesting in themselves since we 're in Igas for future earnings not current ones, however they might just use the date for other announcements, perhaps of more significance, like possible tie-ups of even preliminary details of Barton results, or more details of future exploration plans.
Yes, feels like the lull before the real action. 14th round of onshore licences granted around the end of June. Lots of merger and acquisition rumour in the energy sector, the Chinese already own a big chunk of Igas so why not the rest, also interest from Ineos. Igas must know now or pretty soon what they have under Barton which is when they will hopefully be in the best bargaining position. I do wonder however why Egdon seems to be doing better than Igas, maybe the East Midlands area seems like a easier place to develop.
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