We would love to hear your thoughts about our site and services, please take our survey 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.
Trek, with 1000s of shares, it's odd how our selections get reduced to a high risk strategy of just a few shares that seem way ahead of all others. For me, it's TXP - lengths ahead of all others - and it's now about 85% of my holdings. The other is the WTE/ECO combo which I think is a bit like at an early TXP stage. Nothing else. "I really must diversify", I keep saying to myself, but don't see anything else with such risk/reward for the next 6 month timeline. Not good at trading ( I think it might be because I'm too much of a contrarian, and don't understand the herd psychology enough so as to align with the trend), but a few strong winners with firm conviction should see me alright - I hope.
Hi Darron,
You will imo do well with both. And yes you will likely pay your mortgage off. I started with a modest pot and aim to pay the kids mortgages off having made a significant dent in both. That will be such a joy and keeps me motivated! Then there will be other things to do.
You only need a couple winners. For me TXP, SAVE, SNG, NCYT, AVCT, HE1 and of course the ridiculous winner ARB have been transformational. But I for now I only hold the first three. I decided to sell my last HE1 on the last pump but will probably buy back later. Only TXP I haven’t really traded, just added like Scott which shows just how good imo the asset is.
I have been having a sniff around COPL, small position, but the more you look at that or even the horrors of ADV, or the stunner that could be EOG then with its threat of tax windfall you start to appreciate how good TXP is.
Hence 100% of my ISA will remain as TXP for divi’s. My other positions I will trade as and when.
Usual caveats
Trek
I dont post much, but been here since late 2019 (followed Trek here!). Still my biggest holding 50% of everything. Might finish the Mortgage off if we get to that £3 valuation. GLA. Also started SAVE yesterday, got a great entry and up 5% already.
Hi Trek,
Funny but my conviction in TXP is growing not shrinking. I am not always right but I still think that I am here. The stroy is intact and we are early in the story. Cascadura is a massive gas pool (a TCF a believe when the development wells are drilled) that will provide the wall of cash that will allow the company to continue to drill a mix of development wells and further exploration and fund all that from cash flow. Royston and beyond.
So added more today at US $1.17. Will continue to add as long as TXP below US $2.00 and story is intact.
Hi Gamflin,
0.25% that’s a good holding here. Just can’t go wrong imo. 100% of my ISA is still a TXP yolo! Rest is in Mrs Treks!
As for trading 2019 was by far my best year with near 500% then came 2020, just treading water but a stellar December changed everything.! Only to loose some gains this year. 10% down so far but not bothered.
Got some real crackers all due significant news by end of Feb with a couple tiddly caps! Of course I will likely slice most of them and recycle.
Been building a big position in GLO, a very boring divi stock. Not going to appreciate much capital wise but pays 6.8% quarterly with a 10% yoy divi growth. It’s a non UK energy play with good geo coverage and energy mix. Been tipping my winnings into there as I need a reliable income until TXP and SAVE start paying! See you’re right. It is flipping hard work trading!!
Good luck with your investments
Trek
Ah, hadn’t considered that’s what it meant,
Trek, hope you’re marking a few coppers with your trading my trading days are over seemed too much like hard work these days I try and build sizeable holdings in companies that seem to have legs. I’m hoping for great things from my 1/4% here this year.
Some key events
Royston test results
Xav’s presentation
March numbers
Royston 2nd drill
Coho
First gas Cas
Kraken
Success at first Cas development well
Maybe another Cas well
Happy Xmas.
My best performer today. Way to go TXP.
I think he means rise.
We know there is no need for a raise. We have extended the RCF.
So don’t need a raise just need a rise!
Anyways it’s been fun today. Traded a few down elsewhere and chucked in some cash. But I get the feeling I could have acted a bit premature!
However, the more you look at TXP with producing assets and adding assets in a safe juro in a ‘hostile’ energy market the more compelling the investment case is.
Allowing for the usual 2 weeks slippage I think the end of March following the Reserves Report the SP could be well north of here.
Usual caveats
Trek
Haven’t you been paying attention?