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200day MA at 70p
Horizontal chart resistance at ~100p
#NOG
Zero probs with maintaining the debt payments
Well capitalized
Well cashed up with $130M Cash end of H1
Production of 31000boepd
$174M revenues H1
$2Bn asset base
Mcap £48M at 26p
then I’m in. This has gone crazy. Could kick myself - hadn’t research this and could’ve bought last week on a whim at 6.50 but got distracted and didn’t and now having looked at fundamentals well it could well be the share of the year imho DYOR
This has been jumping within minutes of coming out of auction all morning
to go. 30p coming very soon.
The WOW just gets bigger, all the way from the 5's last Friday
don't worry about other people misfortune just keep track on your investment and collect when you are happy with it.
I think you're looking at it the wrong way around. The price dipped so low because they were selling.
** can't imagine many people who bought above 50p would sell down here
On Fri 11th Oct Standard Life Aberdeen sold 1.44% at 10p for £879k. Today Nostrum are 22p which means their £879k would be worth £1.93m (so they lost £1.05m by selling on Friday). Okay, Standard Life Aberdeen still own 4.67% (188,182,958 shares) but I'd love to know who made that sell call last Friday.
Another fairly obvious point here, but I can imagine many people who bought above say 50p will be selling any down here. Which means a huge chunk of shares are in sticky hands
WOW, yet another awesome day
Yep, can see mid-20's today easy.
it looks like 20s about to go
Shaking the sellers out but bid movibg up and auctions. Looking strong for the 20s
Once the early 20s are gone then the next resistance is 40s
Madchat, I read it that way as well. NOG have a lot of debt but also a lot of reserves in the ground and assets above the ground. They have not been well managed but IMHO they are not a complete basket case and should be able to clear their debt by some hard work and better management. They have enough cash flow to do this without another fund raise as well. No idea where the SP will be in a year but it will be more than now.
I can see further gains coming here for newbies. The drop was crazy last week. Massively oversold hence the bounce back up. Predicting 30p by the weekend with this positive momentum. Lots to be made getting in now. Debt restructure confirmation will see recovery to 50p at least imho. GLA
Debt has risen from 960m to over 1b,
The cash in recent rns has gone lower and lower. Maybe they are paying have wages or has gone for drilling, IMHO they have not been 100%transparent.
As for shorts, no body knows and don't care who sell or buy, IMHO they fundamentals decide whether to get in or out.
For me the risk is a bit higher, because they don't have a plan what will do with debt, will it be a massive placing how they will increase production when we just had a failure.
With shorts closing & debt restructuring it’ll help push the sp. Looks like is happening. GL holders
From advfn
NOG will generate over $200m in op cash flow this year, they have $100m+ cash on the balance sheet, they have multiple promising exploration avenues and, if commercial, the cash to bring them to market. The end target is to pay off debt by selling the hydrocarbons they find and processing material for third parties. Goldman’s may be helpful structuring how this strategy is optimised, but ultimately the means by which value is created here is not particularly complex or different to that of any other e&p.
Perhaps I was wrong in short term, but I think tomorrow could be different day
Reading around, this company is producing oil already, and a lot of it. From two main production zones (of which the proven reserves are about 400mbls). The drill duster results from Friday were on an area with no proven reserves. So nothing ventured nothing gained I guess?
But the main news seems to be shorts closing in light if a probable debt restructuring
From what I gather there is a strong chance they are restructuring their debts. Should that happen then this could easily get to 50p at least.
The fall presumably caused by their debt repayment and issues with the last drill
You and me are thinking along the same lines there, Some shares from time to time are massively overbought and massively oversold and I also believe this to be the latter.
looks quite obvious to me... a large seller wanting out at any price but low liquidity and volume
That drop on Friday must've flushed them out hence the reversal..... you could possibly be seeing one of the biggest reversals ever, considering the drop...
IMO of course