Nostrum Oil&gas Share Price (NOG)

You sure your not looking for a cheaper entry GS having earlier said you sold for a 8% trade?

Both Numis and Peel Hunt still have a forecasted target price of over 100p and consider this as oversold.

My post below references broker comments from 2 months ago, not 1 month ago...

On Saturday I said I'd post some info based on some research....

On 21st Aug 19 Berenberg analysts said Nostrum Oil & Gas is struggling to show its equity value and is facing an operational dilemma after disappointment at the Chinarevskoye field in Kazakhstan was replicated at the Northern area as well. Berenberg says the energy company will likely soon start refinancing processes for its 2020 bonds, which will be challenging if it can't achieve an operational turnaround by then. The bank cut its rating to sell, from buy, and slashes its target price to 25 pence, from 200 pence previously (shares were 30p 21/8/19).

I don't think even Berenberg thought they would temporarily fall to 5.4p (11th Oct) but the price is now around what Berenberg said CURRENT fair value would be until more positive news is known. The Well 41 news on 11th Oct wasn't even known when Berenberg said 25p.

TR1's: FPP Asset Management bought 3.14% on 16/10, Standard Life Aberdeen reduced from 6.11% to 4.67% on 11th (the drop day). There have been no other TR-1's in 2019.

Depending on what time FPP Asset Management bought on 16th Oct, they could already be 18% (£283,500) in profit. Quarter of a mil in 2 days isn't bad.

What's my point? Be careful. 25p could be fair value until more news in known and until the bonds are sorted.

Adam great research , thanks for sharing.

Theres also the 2 institutions that have been buying in the last week to add to the list. GL