Rum, that old chestnut....a paid de-ramper...you have no evidence that they even exist! Who's paying them? What evidence do you have? No serious investor takes any notice of BB's, they are simply a bit of fun to while away the day. That's just an excuse that bad investors use to make excuses while they lose all their cash! Just like market maker manipulation! You have yo laugh at some people!
So the answer to my valued reasoning is that I must be ill because I have posted 500 times on a bulletin board. Well how's this then marthasson 4809 posts mostly about Bowleven. Nothing wrong with that. Just a fact. Just remember ,the majority of sensible investors have listened to all sides of the argument and made their own decisions.
After playing the biggest game of chicken for over a year now, it seems Saudi Arabia may soon go broke after blowing $100bn in a year from their $750bn reserves to squeeze shale producers out of the market by keeping oil prices low. (cash reserves as of July 2015 - $668.8bn)
They are now admitting that betting the whole farm on this idea hasn't really worked as USA shale producers can produce cheaper than first thought and get oil to market much sooner. This has caused Saudi Arabia to cut spending and borrow money, yes you heard me right, the Saudis are borrowing money as they are hemorrhaging riyals faster than they can pump oil. Their break even price for oil is around $104. So good luck to them. Oh did I forget to mention they have an expensive war to fund lol.
Well this is all good for BLVN who are cash rich and have millions of oil to flood the market when Saudi Arabia have a Charity Concert around 2018.
My ability to guess must be incredible. Have not been far away with one single "guess" in the last 18 months. Anyway....I will guess that the results of the current 2 drills will have little or no affect in raising the share price significantly and that after any such news of drill results the share price will drop. There.......but it is only a guess after all.
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.