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Come on you, you don’t believe that.
With all your intelligence and you use mean reversion. Long and short of it you took a punt because you got a whisper from some one. Now locked in and trying your best to stay positive live we all are.
There’s a poster on here from the south west who got it right. He said back in 2012 from memory to me, “ you know NTOG is good for 20%” boy was he right all these years later.
You and I know NTOg isn’t worth the paper it’s written on.
Some of all our assets can’t command a value. As what our CEO sees in them others may not. It’s a speculative buy/value.
Seeing as you want a lesson.
In life, mathematics and investments, there is a thing called Reversion to the Mean.
Shares and markets can be over-priced or under-priced for long periods of time but eventually they revert to the mean. In most cases, the mean would be fair value or true value.
One way to invest is to pick sectors which are under-priced and within that sector shares which are under-priced. Oil was under-priced in 2020. Oil companies are still under-priced. NTOG is under-priced in that peer group.
The Reversion to the Mean has started but we are still at the early stages.
DYOR
Good post LMFAO!!!!!
Ps wti needs to be $85 before it makes a difference to us.
You are looking at the global market with the expectation that if the price of oil/gas goes up then so do the profits for oil/gas producers. Trouble is with NTOG, when the price goes up the NTOG share price does not. Why do you think this happens?
DYOR - Dump NTOG
Usual nonsense. Avoid the point. Where are the calculations wrong?
I drive a 4.7l Jeep so when the price of oil/gas/petrol goes down does this mean that the value of my Jeep goes up?
I thought not.
Just jesting mate and no malice intended.
Not pumping anything. Read the half year report and look at the calculations. Where am I wrong?
The European Natural Gas price is the equivalent of around $230 a barrel. OPEC reckons that the substitution effect oil for NG is worth about 500,000 barrels a day.
Oil is heading higher: the debate is how high and over what period of time.
Goldman Sachs says $80 Q4 21 and $100 for 22. The Omanis and Trafigura reckon it is going to $200.
Not something I am pumping, all that information is out there.
This the Green New Deal gig coming home to roost.
NTOG is producing now not 12 months down the road and it can add production pretty quickly.
DYOR
Helpless, you give me so much enjoyment reading your drivel with you trying to pump up this bag of shyte so what ever you do please stay on this board and keep giving me a laugh. Notice the lack of recommendations that you have (not) received.
https://twitter.com/zerohedge/status/1445432431104901123?t=gQUO87RGV4OwB8cxsplBqA&s=19
I might be thick but I can read; can you?
It’s all bullocks you thick foop.
It’s all numbers and means Jack shiet unless Lofgran can get it out of the ground to sell, one thing which he has struggled to do for the past 12 years
Do I need to give you a calculation each time I post along with my detailed workings?
Do I really need to explain to the you how the higher WTI price affects the capital value of the reserves, NTOG's cashflow and the profitability?
Maybe you struggle with the numbers and concepts such as cashflow and profitability? Perhaps you just continue to concentrate on wasting your breath on how much you don't like ML and the grown ups can have an adult conversation?
xx
So fooking what !!!!
WTI $79 :-)
Correct I did. Always looking for opportunities thou :)
No idea about a placing, not been asked about one but if I had I couldn't tell you.
As I have said before, I have no problems about placings to acquire or develop assets.
Anyway, why are bothered? You told everyone you had sold out.
I would be more interested on your opinion of the next placing???
Helpful.
There is over 10 years of excuses with this shower all there in the history as you well know. Blah, blah, blah :)
I know these things are a bit complicated but the AVERAGE was 84 bopd in H1.
Production was down for a while during the freeze and the storms. Damage had to be addressed and production brought back.
It is addressed in the half year report.
If the average was 84 bopd then the run rate with everything on line was higher.
Hence my note and calculations.
I reckon but don't know that current production is between 100 and 120 bopd.
DYOR
I must have read if wrong somewhere. I thought we had 105bopd approx at the start of year..........................have we lost a few barrels/wells during the year?
was here 10 yrs ago,promises,galore
only thing it fullfils,is directors lovely accounts
through salary and bonuses
and noone on this chat board is a director
and will ultimately be losers ,living
in blind hope
szill its nice to have a dream,and thats all it is
Bad morning?
Tell us what you think current production is given the average for H1 was 84bopd?
This is what UNHELPFUL does on every board , pump, pump, pump..
All this drivel from twatter and elsewhere means absolute Jack sh.t.
Lofgran simply cannot get enough oil out of the ground to sustain overheads , let alone make any profit .
Let’s not forget , LOFGRAN has been at this 12 years, never amassed more than a 100 bopd, survived on placings with court proceedings, drama, scandal all in NTOG history.
This company has gone and will go nowhere for as long as MATT (full of shiet) LOFGRAN remains at the helm!!!!!
https://twitter.com/BurggrabenH/status/1445149320697810949?s=19
Chief pumper unhelpful comes back like the bad smell of a blocked toilet, with his number2 panda pops you know there's a fresh placing on the way.