Firering Strategic Minerals: From explorer to producer. Watch the video here.
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It's not often I buy the day before a rebound. OK it's only 8% but I'll take it.
With my purchase yesterday I'm back in black and here's hoping it's not a short term gain.
I said a couple of days ago that JOG was due some news that would boost the price so maybe this is the start of something.
Here's hoping
GLA
Probably the Baron’s following herd….
https://twitter.com/baroninvestment/status/1773268538570023369
For the last couple of years I've been saying 150 is a buy in or buy back or top up price. (take your pick)
It looks like at least someone agree's.
Alibro - I can't tell you how relieved I am (no doubt others are too) to constantly to learn you've made enough out of your day-trading to take the missus down the chippie for an XL portion of haddock and chips (with mushy peas). She's one lucky lady.
Have you considered writing a book on your investment techniques? I think you could be onto a winner. Might I suggest a title that catches the eye of aspiring Warren Buffetts? It's important to make an immediate impact, so here goes: "Buy 'em low and sell 'em high - the secrets of investing in the fast lane".
Don't be too critical - it's a first effort and could probably be improved.
I'd be interested in your views on Ithaca's (Delek's) plans to buy ENI's UKCS assets (largely comprising Neptune Energy's NS interests). I understand Delek started life in 1951 as the Israel Fuel Corporation Ltd in 1951. Further reading indicates Delek (via a subsidiary) is Israel's biggest forecourt operator.
Yours too, Einbert, as it's your area of expertise. Do you reckon Delek offers costly perks - eg topless free windscreen wash and shine, which would make it less profitable? I asked someone else earlier about Delek and they said it's involved with downstream activities. Sounds a bit fishy to me. Downstream of what? The "river"? Not THE river surely? Did you know Delek only put up 10.3% of its holding in ITH in the recent IPO. It banked all the proceeds. After buying Ithaca in 2017, Delek bought all Chevron's UKCS interests: https://oeuk.org.uk/oguk-welcomes-news-of-chevron-acquisition/
What's next I wonder?
I'm intrigued by your 150p theory, Alibro. What's always puzzled me is why, with BP being so much bigger than JOG, its share price is only about 3x JOG's. It's a real head-scratcher.
What day is it? I'm still a bit woozy after todays antics. I didn't realise share could go up as well as down and it shocked me. No doubt normality will soon return. The BP share price anomaly has spooked me a bit too............
Good morning Dick. All I know is that 150 is £1 10 shilling in old money and I can remember filing up a client’s Armstrong Super Sidely Saphire (it was 2-tone blue) with 5 star , fully leaded and a couple of shots of Reddex . I’d check the Tyres and dip the dipstick, polish the windscreen, doff me cap to his missis (she was some lady) and he out give me the change out 30 bob as a tip.
As to JOG’s shares being worth the same as 12 gallons ( remember them?) of 5* , that’s a difficult calculation. JOG has a 20% ( equals a fifth for the numerically challenged- a bit less than a quarter) of 100 million barrel oil field which is scheduled to start producing at 35000 barrels per day in a couple of years time . ( That’s a lot of tank fulls of petrol, once refined even for my old client’s Armstrong Sidely) Current oil price $85 . There’s gotta be some money to be made even if/ when a British ‘Government’ of whatever political hue taxes it absurdly to pay for Benefits etc.
I have no idea what any other recent deals in NS oil fields might mean. I thought the Italians used olive oil and that Delek had something to do with Dr Who.
Time to eat a hot cross bun
Its interesting that Zeus put out a Note when there was no " Event " to justify it - they clearly thought an SP so far below their evaluation needed a comment.
Is it too much to hope that others ( e.g. Simon Thompson of IC) who have made similar SP predictions will feel a need to comment on the low SP? - it might ignite a big rally.
Some clarity of Labour stance on the investment allowance, and some positive news on rig contract options or well-heads getting built will turn this story around.
"The agreement with equity partner Neo Energy stipulates that production from the North Sea vessel will cease "on or around" March 31, 2024" https://www.oilandgaspeople.com/news/story/dana-petroleum-announces-end-of-production-for-western-isles-fpso Western Isles is due to starts its return for refit any time now, could be a good indication things are still on schedule or not when it does https://www.vesselfinder.com/vessels/details/9736171
Morning Dick. I'm privileged to be the butt of your wit. ;-)
My holding might be small but that means gains are good by comparison. It also means if things go tits up like happened (more than once) before I won't have lost my shirt and the Mrs will still get fed.
My investing strategy might not have reached your levels of glory but so far it's holding it's own. I first bought JOG 7 years ago and I'm still around which is more than can be said for most of the so called 'long term investors' who have disappeared shirtless.
The way I see it there are only two ways to make a decent profit in JOG.
1, buy at the start when the price was pennies. You may have managed that trick but the rest of us are a bit late.
2. Buy when it is cheap and sell when it is expensive.
How to define cheap is the trick here and rightly or wrongly I've decided 150 is a good price.
How to define expensive is the next trick which I still have to figure out but the last 5 years would suggest anything over 250
Why am I bothering to mention any of this?
Unlike most posters here I am not convinced JOG will make me rich, history would suggest the opposite is more likely so perhaps these words might act as a warning to someone out there thinking of pouring all their life savings into one basket.