The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Sells vs Buys???
Use it or Lose it! http://www.petroleum-economist.com/articles/politics-economics/africa/2018/use-it-or-lose-it-equatorial-guinea-tells-drillers?utm_source=dlvr.it&utm_medium=twitter
Will we be seeing any further forced sellers being pushed to sell?
It’s quite refreshing to see the BB being used again with meaningful posts. Keep updating and sharing. GLA
Stockable Spot on mate.
Workover A pleasure seeing you here mate, Im a rockie learning the ropes fella. I’ve been lucky at picking the dips recently, lol. Nice to see investors here instead of the day trading herd.
Workover Im a rockie learning the ropes fella. I’ve been lucky at the picking the dips recently, lol. Thanks
2 chunky buys after the bell.
Stockable Fair point and analysis. Are you not confident that this deal with close as previously Soco have failed to deliver (in the near past)?
To me too. I’m in at 40p. Wait and watch for the story to unfold. GLA
Nigeria strikes https://oilprice.com/Latest-Energy-News/World-News/Oil-Workers-Join-Nigeria-Strike-Fuel-Supply-Under-Threat.html
Nigeria strikes !!! https://oilprice.com/Latest-Energy-News/World-News/Oil-Workers-Join-Nigeria-Strike-Fuel-Supply-Under-Threat.html
Oil pushing north today
That’s brilliant, imminent good news soon.
Absolutely on the money, diversification into Egypt was key to investing here more money. Once the Acquisition is signed, sealed and delivered there’ll be a new wave of personal and retail investors interested in this again. Not many small or mid cap oilers paying a dividend. This should be back on everyone’s radar. The recent EBT is quite significant as I believe Soco made a scoop at current low levels and they believe that they where buying at the bottom, imho. Previously with the bad press, Africa, Virunga, Mangolia and current issues Soco has been shunned by a lot PIs. It’ll come good. I believe the Angola assets offload deadline is Friday will be another catalyst towards upward trajectory in the SP.
Workover decent returns from dividends. SP will come good imho and this acquisition and offloading of African assets will boost the future dividends and reserves.
There are 42 gallons (approximately 159 liters) in one barrel of oil. Therefore the conversion is pretty straightforward from Barrel of Oil Equivalent although the abbreviations can be confusing. A thousand cubic feet of natural gas - notated as 1 mcf -contains about one-sixth of the energy content of a barrel of oil. So 6 mcf of gas equals 1 BOE. You'll also see barrels of oil equivalent sometimes represented as "bboe," where the double-b represents the plural, "barrels."
Workover Sounds fantastic with SDX looking to capitalise on BPs Egypt assets. Egypt seems very hot at the moment. I’ve Been looking at SDX an will be making a move after suspension. You are quite right another acquisition to diversification would really make Soco a real beast of a company. Once the Angola assets are offloaded tand this acquisition is signed, sealed and delivered, a new wave of M&A might be on the cards (here’s hoping). Could you clarify your position on dividend payments.