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This share would test the patience of a saint !!!! And in my mind is now SEVERELY undervalued. Indeed probably the most undervalued O&G er I hold, and i hold plenty and plenty of those are on their knees (alas)
(but I have a fair chunk in this already and with a relatively low average and so bringing my average just a bit down would require adding plenty more, which I'm probably not going to do )
Overall volume here remains too small to clear out the constantly drip feeding seller(s) in any other way but very slowly.. so we require either LOTS of small/medium buys from PI's or II(s) buying of say a half a million gbp's worth plus.. or some combination of PI's &II's doing the same. And big good news required for that to happen, it now seems.
If even one of these two drills come in that will, I expect, happen... and obviously far better it be the first comes in so anticipation of a successful second two can drive the s/p further on again too..
Generally, once the horrible current dynamic is broken away from this will hopefully motor on.
looks good to me today's rns. usually SP rises on these sorts of Announcements. should get a better drilling results and then this booms
holding for the significant update soon.
Well i just went yo get a price on 500k shares and there are buyers so this is defo games
Certainly seems strange behavior given the news flow and spud.
I expect anyone invested here knew what the oil price was and would likely be, so hard to assume panic selling.
The operating territory has seen positive news on economics recently.
OPEC will back the Oil price.
The placees could be holding this back, but we're well below placing price
I really don't know, Mr market is a mystery!
Great news and the sp drops, only thing i can think is there is a big buyer, mm's triggering stop losses
https://mobile.twitter.com/PresidentPlc/status/1308285843828662273
Normally on news and leading up too a spud would see good rise but now drops.no buying, sentiment not eith these oily stocks and oil prices falling not help.Have have longer term view now.if successful with this spud and has high rate of success this spud then will see some movement higher.GLA
Not expecting any shift in SP today, however keeping the momentum and some solid news on income will. This time next year, Rodney!?