...with popcorn and beer and straight to share chat. This share is a complete gamble now and I suppose the only way to make money on it is day trading with big buys and sells. Is that what's going on. Maybe. CC that was your dead cat bounce. Always the same with this stock. Rinse and repeat. However, saying this is going to 40p with no justification is irresponsible. I hope newbie investors aren't taken in by your BS imho posts. Based on what we currently know and with no further news this share is more likely to go bust in a month. btw I'm long on this share with an average well north of the current SP but I am a realist.
I have the filter off recently to gauge their position. Hardly a post during the rise. One or two trying to be negative posts. Then boom, out they come on a 7% fall. Honestly. They are so transparent.
Back to important matters-
The OGA will be established as an independent regulator by the UK Government as of October 1, receiving new powers in the process.
As a result of its new status, the OGA will be able to act with greater speed and flexibility to “drive investment, support jobs and further the UK’s competitive edge in the oil and gas industry,” according to an OGA statement.
“Over the last year, we have worked closely with our colleagues in the Department for Business, Energy and Industrial Strategy and other government departments to put in place the legislative and regulatory foundations to support OGA’s transition to an independent government company (GovCo), including the passing of the MER UK Strategy in March and the Energy Act just two months later,” said Andy Samuel, OGA chief executive.
“GovCo status formalizes our position as a strong and effective authority with a full suite of regulatory powers to have a positive, transformational effect. Like industry, we are bound by the obligations of the MER UK Strategy, and will continue to deliver on our priorities to drive collaboration, influence and promote the remaining prospectivity of the UKCS,” he added.
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