Rowman - obviously I can't speak for Chappi but why is it so strange to you that investors would buy & hold here? Yes it's been a longer investment cycle than any of us wanted but we believe the value will out re the Bentley field or we wouldn't be here. There's also been an opportunity to top up with the poor sentiment in the sector. Before someone gets sarcastic about the investment and that it's losing money I'd like to point out that the same could be said for oil companies during the credit crunch and they ended up being fantastic value over the next couple of years.
Wetdream, if you don't mind one last response. You have insinuated many times that the algos are responsible for the share price and that they work 10p spreads. From 50p to 60p and back down again to 40p, then start over again.
I must say that it appears you have been correct. You also have mentioned that they don't care where the spread is and that it could go between 10p and 20p. I really don't care if it goes up or down, however this might also be CHAPPI's strategy. How else could he sustain the losses from such a long down turn in price ?
Cole has already dealt with the matter of the Covenants...another piece of misinformation dragged up by the usual deramper. Cole subsequently also replied that the poster clearly doesn't understand what covenants means.
This is, as ever from derampers, completely baseless and slanderous.
I would suggest, as ever, that shareholders await announcements from the Company.
From: Fiona ***********@hotmail.com]
Sent: 31 December 2014 10:35
To: Rupert Cole
Hello Mr Cole
I'm sorry to trouble you again.
May I ask one question, please?
Is XEL in breach of its covenants? The usual deramper is posting that he has checked
in Oslo (?) and that XEL is in breach of its covenants.
He is also posting that contracts are probably being terminated.
This is of great concern to the many people reading this thread.
U.S. oil prices surged 8.3% as traders jettisoned bearish bets against the market after data showed a steep drop in the number of rigs drilling for oil in the country—a sign that crude production may be starting to ebb.
The rally played into the positioning of traders who have been betting on a bounce in the market. Their numbers have been growing since late November as oil’s price collapse has become more pronounced. As of Tuesday, bullish traders outnumbered bearish ones by more than 3-to-1, according to data from commodity regulators.
"My gut says the oil price has been artificially low, and I think this is a logical correction from that overreaction," said Joel Moser, the chief executive at Aquamarine Investment Partners. "It would not surprise me at all that this may reflect a bottom."
Look, which part of - the FDP has to, by law, include provision to fund all legacy debts - don't you understand? Go to DECC if you don't believe me. Or maybe it's the Strong Sell Opinion that is really angering you into asking me what you already know? Ask admin why they have a Strong Sell Opinion Martha? lol
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.