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Yeah, an exit would be a great thing. been stuck in here too high to see a loss and to put an end to that would be ideal. we are always looking for good news and never really getting it. we are always waiting and hoping. It was fine trading in the 50's but now the situation looks dire. just really hope the 'farm in' shows us some direction! I am guessing that in true PanR style it will be not ideal, lets see what happens when they drill the wells....
Agreed George being able to self fund its exploration and development over time will be the key as to whether Pantheon chooses to either “Fatten ups its assets” and is able to sell for a nice profit or goes for a “Tullow” which went from 12p to £15 over a decade. It did that from the mid nineties by building cashflows, assets and a few smart acquisitions.
As to the answer of what Pantheon hope to do it’s not yet clear but they have the raw material to turn this into a huge win. Acquiring Alaska just at the point where fracked gas is imploding is a huge opportunity. As to whether they do it who knows but the signs are, for the first time in years, looking good.
https://twitter.com/aeberman12
The oddity of this stock is that the fair value could move up logarithmically if it comes good.
So for now 30p would be a nice target but if the Company got a few runs on the board that target becomes 150p. If it comes seriously good then 750p becomes a possibility.
But as to where the actual number lands the jury is out. Getting a JV to kick off that process and move it from 17p to 30p would be a nice start.
No, not yet to be honest. Having been in this for so long and been so constantly disappointed, I had set an ambitious target of over £1 before I would consider selling any. It depends on the nature of the news and inherent potential. But I am in no great rush to sell. You?
Lovely. That’s more like it.
The worst of the ramping is over because it's just me and you left on here at the moment virtually.
Anyway, point taken. I think it will come down a little, so will hold back. Fortunately, I bought back in the 18's BEFORE the recent peak, but added a few upper 19s at total variance to my usual self-command of 'in the absence of evidence, never buy on the rise'. I did, got carried away. I kick myself. I have done that so many times. Oh well.
George, this is confusing me. Why were they a jammy devil at 11:30, when he/she could now buy at 17.90p? And maybe in an hour's time at even less? They are getting cheaper, no?
Good post, thanks for the cheer up. Sorry for the whinge, lack of sleep i think and I regret posting. You just can sometimes feel in your water (or the order book) when something's in for a hard day. Been with this share so many years, coming to the end of my tether with it. Others are in the same boat, just always waiting for something to happen. Now below placing price and dropping. So I will switch off.
All IMHO, I am usually wrong about these things, just fed up with the bots at the moment and my carp timing.
No more from me, you will be pleased to know. Good luck all and I hope we get some upward movement soon.
The bots have turned nasty.
No chance they could be buys at the bid I suppose, as discussed by David Black elsewhere? I dont know how to tell the difference. GG?
What did I tell you? This is gonna get hammered downwards now.
Lovely, two in agreement here.
Dead as a door knocker here, not surprising looking at the spread, bit wide this morning.
I wonder whether I have bought back in a tad early here. Nigoil might have the right idea.
Enjoy the day all.
My work here is done!
Nope, not today george, already got enough as I consider safe to have.
What a dung day, that inverted yield curve, must be.
I consulted for BP after Macondo. You should have seen how focussed they were. Every detail and everything was on the table. There was nothing hidden. Great people outside the U.S. There was not one Brit on the Deepwater Horizon or in town. The relief wells were designed from Aberdeen and drilled by a friend of mine called John Wright. I worked for him in Singapore and Australia. He has killed more big wells than anyone without the dramatics of John Wayne. Google Stuart Wright The company. Asked for me personally. Smarter than me? I do not know!!!! He trusted me with his name and company.
Ally
BP under a fiver again. 6% div. Take it while you can.
Ally
I was hoping we had said goodbye to the 18s permanently, but it seems not. At least buying seems to kick in on a reasonable level at around 19p. It almost seems it was dragged down there today but maybe that’s my paranoia kicking in.
Odd day today, feels like one institution is a steady buyer on or near the bid but hey have been joined by an institutional seller playing much the same game. So a bit dull until those two guys sort each other out.
That 2.4m trade was both a buy and a sell. If it had been taken by the MMs the shares would have dropped or risen sharply.
So we have sellers, most likely from the placing but 2.4m have gone from their hands to a quiet buyer. The market should nicely tighten on that and all we need is some decent news and 20p plus will be upon us.
I prefer the order book when things are moving, rather than static. Then it comes into its own. Very useful.
1 opinion on the other side is that it was a sell, unless it's a deramping ploy. Be interested to hear if you find anything out! All the best.
Signing off, have a good day.
You can't really rely too much on the order book though, can you george? It can give a rough indication of supply and demand sentiment, but can change in the blink of an eye depending on what's going through the ticker. I try and not get too guided by it.
Do you find the same?
Sorry, posts crossed.
The order book this morning looks a bit calm and unexciting to me. Uninspiring on the bid side, but not a lot of resistance on the offer to prevent break through to the 20s if the buys start coming in. Sometimes, I have noticed that the order book can change very fast and rapidly become very exciting. But probably a day of nothingness in store.
What makes you think the large 2.4m share trade was a sell? Are there any clues you are using which I am missing?
I am long here too now.
Note: I am assuming the 2.4m is a buy, it is difficult to know when they are slotted in later out of sequence. I could be wrong about this.
>>>I find the recent buying activity encouraging and I see evidence that folk are starting to look to the future.<<<
GG: Yes, I have noticed similar. If you look back over the last couple of weeks (maybe more bit, I haven't done so) rather large buying blocks are silently slotting themselves into place without fuss, almost like they are trying not to draw attention. Encouraging. 2.4 m buy after the bell last night if I am not mistaken. I think this is what you meant when you said people were looking to the future. News may not be for a while. But people seem to be getting prepared. I hope we are seeing this soberly for what it is and a good sign of things to come. I could quite do with some 'technical trading' around 29-45p. I hope you are right.