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Dozzawba - allow it, let's just focus on Matd. We will see these types of posts between now and Heron etc. I cut down posting on Matd but still have a small holding here, which is still at a profit (just).
Onerule he is a sc*mbag of the highest order - its good for everybody to see him for what he is - newbie investors - read the RNS's, read about the company - look at their company presentations and make up your own mind - but one thing is definitely don't take any notice of Captain Stanley - he might come across as legit but he is far from it - check his posts on other BB's - he is disliked everywhere - as i said sc*mbag of the highest order
It's just down to a pullback in crude prices to shake out weak hands after the OPEC announcement over the weekend. Same with several oilers that had finally started to move at the end of last week. Expect the crude rally to resume in short order as the Fed needs to prop it up to support the banking sector with its oil hedge liabilities and huge loans to oil companies. Don't forget to BTFD as MATD will be impossible to buy once again as soon as it turns. GLA
Still at it CS, pretending he is an expert investor.
Its not just this board either. This was posted on another board "Capt. Stanley - You need to stop fixating on NCYT - a stock you're not invested in - and start doing some research BEFORE your next investment! GL." It received 9 recs.
Dozzawba post received 10 recs.
Shows how universally unpopular CS is on this site.
Having reached my own accumulation & condolidation point (break even) I am just going to sit tight with Matad for the summer and see how things develop.... I have enjoyed the sp volatility for many (happy?) years.... 2008-2020 Follow the Charts - DYOR and enjoy ?
Investors need to know your underhand motives - negative on PM when your not invested - positive on PM when you are - you really are a vile piece of work making out you are a guardian saint coming on here to oversee and help new investors - nothing but a snake - check out his posts on other shares and no doubt you will easily guess which ones hes in and not in
Previous post from this idiot - basically enjoys winding people up - just one hell of vile person
CS message previously - I don't know what I'm talking about but the main thing is that I enjoy saying it. If you can't enjoy life on a day to day basis then you're not doing it right. And Onerule isn't always wrong, sometimes I do lose money on my investment choices to which I say: 'So What?' Did I enjoy my time with that company losing money? Did I enjoy the thought of success and undeserved riches? Can you put a price on quality time like that? I'm not sure that you can. I hope that you have a nice evening Ojay and I'd like to apologise to the many decent Petro Matad investors that I've annoyed over the years. I have no defence other than to say that I enjoy poking a stick at people and seeing them go Ow! Does that make me a bad person? I'll book another double session with my therapist although just recently he hasn't been returning my calls. What can that mean?
We were expecting it and cognizant of the fact that no share goes up in a straight line. Indeed, the dip provides a opportunity for newer Buyers to enter & existent holders to increase levels (if required) - thus establishing a stronger platform for further growth.
Welcomed outcome and onwards eventually to the next price level, as part of the underlying Uptrend.
There’s bound to be a slight dip as the share has risen over I think 50% during the last week. A small retrace then hopefully hold at these levels or maybe climb slightly on anticipation of licence. Just a waiting game for now, have a cup of tea and a biscuit.
Yes, Oil prices almost doubled from the lows of a few months back and Saudi moves over the weekend, are further bolstering the price.
Major market indices also making back some of their losses from the last few months and looking overall bullish.
From a fundamental perspective, MATAD very well placed with the current assets and plans to monetise going forward, with a strong commitment by the Mongolian Govt to help facilitate that - as Mike Buck (CEO) stated, he's 'very, very confident...'
Strong words from a CEO whose by nature, very measured & understated in his communications.
I think we're seeing an overall re-rate in the share price here, as part of an underlying Uptrend, to eventually trade in a higher price range until further Newsflow on the EL, Partnership etc in due course.
As has been oft mentioned, the relative scarcity of free shares gives great confidence in the magnitude of upward price trajectory, as the larger picture plays out.
Maybe worth doing some research on Petrovis, PetroMatad's largest shareholder and the commitment of the Mongolian Govt. for an independent domestic oil supply source, coupled with the major refining infrastructure plant ready to handle such.
An exciting story unfolding for shareholders here.
A bit of selling on Thursday and Friday last week and thought we'd have a bit of consolidation, but SP was having none of it. With indexes, crude prices and oil producers already soaring off the lows, small cap oil stocks look like they are finally starting to join the party and MATD looks like it wants to continue to push much higher. Given how difficult it was to buy any shares once the SP broke past 3.2p last week I imagine there won't be many risking selling any shares until this has moved significantly higher. With OPEC agreeing to extend production cuts this weekend, here's to a great week ahead.