The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
5weeks passed and no deals between anyone it seems…..shifting sands…..there will be lots more twists and turns etc until this get resolved.
Oil price falling without Kurdistan output, opec talking about cutting production to protect downward pressure on oil price. World market does not need this supply at least for a few months, oil now being sourced from elsewhere. Turks, Iraqis and Kurds all shot themselves in foot, no-one can trust them for reliable supply so why contract with them if there are now other more reliable options. Will take a while to rebuild any confidence. Kurd oil cos are collateral damage, when a deal is eventually done I expect extreme suspicion about ? Can they be relied upon….before the next regional skirmish. I would just pump the existing wells and don’t invest another cent new wells/kit in Kurdistan other than maintaining existing output. This co needs to invest into an alternative geography and cover it’s risk, opportunities in the likes of Alaska should be persued when cashflow eventually restarts.
Might get first signs in the output numbers today. If it goes to plan, by Monday the flow levels should be noticably higher as the dial is gently turned up over the weekend. Might be a very different picture by Monday in terms of gas output….bring it on…..please!
As new spreads and the realisation that Angus have finally got a big one on the hook, the SP should steadily appreciate alongside the output increases over future weeks, just now needs the wholesale gas prices to pick up over summer into autumn and Singies forecasting might look attainable. for those that wanted a slam dunk blockbuster to 3p+ overnight and instant gratification/profit……maybe sell up and move on, but no decamping & ramping cycle on this one. Lth’s should be rewarded, gla
Looks like good prices to me…..protects the downside
Great to see some positive news and progress. They need to deliver what they say in the next 2 mths and by July the sp should be really motoring…..light at the end of the tunnel for long term holders, gla
The lse site has a problem this morning, IOG issued an RNS at 07.00 not showing on lse, had to go onto the London stock exchange site to read it. Angus has not yet issued an RNS, but just be aware when they do it may not appear on lse unless they fix it
The same technicalities that have stopped a deal for the past few weeks!!!!!!!!! No change then…………. One fears that this has more weeks to run whist the technicalities and power play by the parties concerned continues to play out.
Errrr not it’s not repatriated cash! Do your research !?
The lay off likelihood also needs to be leaked by a third/ fourth party to all local and national press, co’ s should stay silent until next week and then issue press release to implement with ‘much and sincere regret’ hoping the matter gets resolved asap…….
Time to tell them, if not resolved by next week, mass job losses from all oilers
Liking the fundamentals here, in Texas, not Egypt, Kurdistan, turkey etc…. So proper jurisdiction . Close to refineries, decent infrastructure, paid in $. All they need is an oil strike.!,This is a punt, but buying a few as it feels a reasonable risk with a massive upside…..good luck all
More, a case can reasonably made for the share price of 0.06 for this exploration play with no certainty of any positive outcome, rampers created hysteria over 3 days and got it well over 0.12 before selling out, and leaving the investors sucked into a easy dead cert and having paid 0.1 plus a massive loss, all through hysterical ramping based on no facts at all. I say again to anyone looking at this, do your own due diligence and understand the risk/ reward equation. Rampers just want you to dive in and crank up the price again, before you get rinse and repeat….
Be aware there is no factual basis to Novas blatant ramping !
That’s because a week ago it was 0.06p!
Jr90 misleading the position, everything still on risk here and you are misrepresenting for genuine investors considering this.
Noba & jr 90, ramp ramp ramp….with no factual basis at all, anyone new to this, just do your own due diligence ……..
Jr90, I love your loyalty…. But ……..
What deal??. At the moment there is no deal…….no oil flow…..and this situation is very different
Who’s going to pay?? I imagine sept to feb production will have to be written off in any final deal, but the oil cos will not be investing more into kit in this part of the world for a long time….just pump the wells they have got., assuming payment becomes reliable when pumping eventually resumes. Would not be surprised if this dispute still runs for a period over spring/ summer, would not trust a word of what 1 party says, all wishful bull#@ thinking. Only when all parties issue a joint press release can you believe that the flow will resume. Just my opinion, but everyone been saying for weeks that it’s in no-ones interest for oil not to flow….and yet here we are and it’s still not flowing…now at the stage where it will need minute unpicking to find a workable position for all parties…..