There are a few of us who have been sitting on this stock for a year or two. The SP tumbled after negative market sentiment following 2 disappointing drilling results last year. There was also some protracted dealings to offload the SE Asia assets. Plus points here are that we are a producer (Kambuna field) and therefore making money. Our offset N Sea tax losses are also a plus. Columbus field sanction imminent (more production). Cash and tax loss assets alone underpin present SP.
Evening mate, yes you are so right. Had my finger on the sell button at 46p a couple of weeks ago when she was really flying but continued patience required. Feeling good about this stock after last year's disappointments.
Hi mate, thanks for ypur post, I always said if this goes above 33p then it will never reach to the state it was 3-4 months ago, and I still believe that, mm played this sharp, and for now I rather be out and time it right when floor stablished, so I will not touch it for now, and watch it closely. BP deal has transformed this company and its not truly reflect on current price. I trow everything I had handy to EMED, some spare cash for Banks, and BEM , then that is it, waiting game
I just know market will transformed in Q3 of this year,
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.