The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
In with Atlantic since 1984 when drilling the halvic changed name to Providence some time ago now shares in Providence and lost a ton of money praying for good luck this time fingers crossed lads
The thing is, I will never stop investing, ROCKLAWN,....I enjoy it to much,....73 myself.
BW
Lets get out when we see 30p for PVR and 8p for LOGP ...I'm in my mid 60's ...
They are some juicy s/p targets, ROCKLAWN,....10 to 15 years, that will put me in my 80s,....still I will never stop investing & a doctor did tell me a little while back, that I was very lucky & would probably live forever,.... hope she is right, with that time span in front of us. ;0)
BW
Dear Shen,I'm a member since 2007 a you are the first to take the time and patience to help me with my spelling.Thank you for your kind support .
Love you Shen.
We must remember this is over a period of 10/15 years ... i think LOGP/PVR will be well gone by then and when Barryroe gets up and running (hopefully) we will be taken out .....£1 plus a share and say 25/30p for LOGP .... JMHO ...
Bank of America are expecting oil prices to rise by the fastest rate since the 1970s over the next three years. That really would be perfect timing for Providence.
https://oilprice.com/Energy/Oil-Prices/Bank-Of-America-Expects-Fastest-Oil-Price-Rise-In-30-Years.html
It's actually 311 million barrels plus the equivalent of 35000000 barrels in gas.
Even Alan Linn got it wrong in an interview: I think he said 340.
My calculation was more like 80 times, but if they find more oil further down and the price of oil continues to rise, 80 times will look very conservative.
If I'm not mistaken, Phoenix valuation as follows. 350m barrels x $35 profit (60-25) therefore $12.25 bn x 40% = $4.9bn. Current market cap €55m. Potential multiple of 95 ish allowing for extra oil being found, current Warrants etc.