Member Info for 42trader

Sadly, it is the pi's who will pay the price here. Putting the contract on hold. How long until wsg need another load of cash to carry on paying the bod? How long before a contract will be signed? What will be the sp come the end of tomorrow when everyone has then seen the late RNS? Pretty dirty trick releasing the rns in the last 15 minutes of trade. I have seen this done on many companies and i am sorry to say it does not end well for the pi. Still, there is always hope.

An excellent stock to be in in my opinion. WTI price has improved and we are very likely to see the WTI move up to 90 at some stage this year. SDX is throwing out new spuds regularly as well as gas discoveries. The SP is likely to explode, being held down purely by technical analysis showing SDX as overbought and hitting resistance. The SP is holding up nicely at this price though and if it can consolidate at this level it will have formed a nice step to be able to move forwards. What I personally think will happen though, is the price to suddenly shoot up as pressure is forming. A bit like opening a Champagne bottle or as you more common folk like, Prosecco.

Hi sharedealer1, I have been following this share for a while now and it is certainly under valued. The stocks NAV value is 4/5x under the Market Cap of the company. The last trading update was very positive and showed OBT on its way to 4x its revenue and profits. Unfortunately, stocks need positive news to get them moving. Saying they will increase revenues is not enough, the actual results and "proof of the pudding" need to have happened. So until results showing an increase come in, or some other very positive news arrives the share price is likely to be stagnant or as often is the case, drift lower. I for one, certainly believe the share price should be higher and that this is currently a buying opportunity. It is however a waiting game at the moment.