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Morgan22 - I did say to expect the share price to fall. I sold out last September for 67p & like tom111 got lambasted for doing so. A few knowledgable posters on here would have you believe the share price will be £1 next week and blame the price drop on 'low volume' or 'the next drilling update' will turn the price. Don't believe any of it.
European gas prices have fallen from 400p / therm to 135p in the last year and are forecast to flatline for the next 5 years so I don't see a big improvement in the price across the pond either.
Suggest you go over to ADVFN and read the posts by 11_percent, he pretty much sums up the poor share performance.
I think the placing was very well planned, ramp the price up and take the cash, I'm still waiting for the elusive acquisition RNS!, think I may have some time to wait.
Don't be to despondent typical AIM stock I'm afraid, some you win and well you know the rest.
Short term drift here leading to news way over sold. Recent pod cast end Jan confirms current drilling due complete mid Feb and expecting update late Feb then steady news to July. Look what happened Feb 2022 sp 25p by June 84p. Can see similar coming given what's due and expected to triple size of company. Loading up thanks very much and my buys showing as sells so don't be fooled by all the reds. Impatient to patient GLA ;)
Down again CAD 34p.Sorry to hear that Morgan cant really make it out myself.A good few months ago they had a massive placing mentioned an acquisition but nothing so far not a word about anything..A certain poster insulted me here when I sold out at 63p and made a very small profit well it just shows you how clever he turned out to be.
Make a s**t decision investing in this one at 48p, be lucky if ever see it again at this rate
Gas has dropped 80% since August which is the reason for the drop due to warmer weather,the hope is that now with Freeport open and gathering pace exports could come to the rescue at some point later this year imo
#18-10 threesome results during last week of Feb followed shortly after by #14-06.
Russia is cutting back 500k on oil production from March pushing up the oil price this morning atm oil co seems the way to go.Gas could come back again maybe in the spring time but for now staying on the side lines.I was lucky bailing out here at 63p but only made a few pennies when I noticed gas prices where crashing
I am interested to know why you say that? You don't believe they will generate a lot free cashflow from the new wells? I am on the sideline researching whether to take a position here.
Yup tell me about it, my purchase at 47p was well off the mark. I even wonder if we might ever get back to that level.
Didn't expect this to drop so far in such a short time the chart is shocking talk about catching a falling knife
Ah! Hopefully not on the money haha
Morgan22 - Over on ADVFN RamLamb posted on 6th January SOUC to fall to low 30's before hopefully improving second half for winter storage. Looks like he is on the money at the moment.
No change to information.
Hold your hosses.
Will be adding on Monday.
Perhaps, but with the FT currently running an article about how Shell's 'big bet on gas is paying off' and PXEN shares quadrupling last year to see them winning the AIM blue riband award, my sense is its about identifying the winners within in-demand sectors.
In the latter case a company sitting on gas assets in mainland Europe has direct access to premium markets and low opex by being land based. There are parallels to SOUC.
Perhaps investors attention is on the easier wins in the market at the moment (such as airline industry)
Souc is ridiculously oversold in my opinion. With 25% of global gas supplies off-limits to most of the market and with China's manufacturing sector looking to kick on post covid demand will be going up and low NG pricing (its still 2 times higher than recent historical lows) seems unsustainable short of Russia starting to give gas away for free!
I believe the fall in SP here has been driven by retail investors as it has consistently dropped on small volumes. My sense is the SP has reached or is very close to bottoming.
There is money to be made from NG plays that have a competitive advantage and I believe SOUC is one such company. If you need evidence go look at PXEN it's been a multi-bagger for those that got in early. I see them up anther 20-30% in the next month or two with off-take agreements and first gas in Italy ust weeks away. Their finance manager invested 1.5 million two days ago to become a TR1 holder and he isn't on the board.
Sorry in what sense Tom? I'm begining to wonder if made bad choice with this one, as gas prices don't seem to be earmarked to rise anytime soon. Hopefully news in Feb help lift it. Assuming we don't think this will drop to 20s again.
H ow would you rank it
Assuming means dilution?
The block admission didn't do any favours down to 41p Cad
From what I have read US is stuffed up with gas due to mild weather and also have all time high production rate increasing by 8% this year. Europe will have to fill up for next winter and wont have the benefit of any Russian gas so things could improve over the coming months gl
Thanks Tom.. wishing I waited a week now before buying in, is what it is though. Still confident it will hit 60p at some point soon.
Don't think it will make much difference atm whilst gas prices are so low in the longer term maybe, April the tide may turn
Is that good news for this share?