The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Shell announced £18 Bn write off in oil assets today, and £ 14 Bn from BP yesterday... not a great time to be finding oil and finding someone who wants it.
https://www.cityam.com/shell-to-write-off-up-to-22bn-after-oil-price-crash/
:-(
Shell announced £18 Bn write off in oil assets today, and £ 14 Bn from shell yesterday... not a great time to be finding oil and finding someone who wants it.
https://www.cityam.com/shell-to-write-off-up-to-22bn-after-oil-price-crash/
:-(
"Great post Phron - thanks. Glass half full is so much better than half empty as at least one can smile !!!"
I think this is the problem round here.... I want a glass that is full..... its a waste of time not getting a full pint who buys halves!!!
I agree with Donald (did I just say that?)
Addtionally, I think your ignoring the general state of the oil market, even it we find oil people are only going to develop the low hanging fruit. There is a diminishing requirement and a lot of new fields will prove uneconomical to progress. It your waiting for a pay day you could be waiting a long while.
Coming on here reminds me of the dog waiting for his dead master to come home by the front door every night. :-)
Share Price: 0.31 Bid: 0.27 Ask: 0.32
The MMs wants it to look good to attact new buyers but keep the sellers nailed down. Hotel Caifornia....
spread - yes common in AIM snf 88E is one AIM.... that is one reason I don't usually hunt here there are nicer places to hunt :-)
Broombarb, thanks for your balanced comments.... Another reason to keep interested is that 88E is very slow moving.... I could grow my pot and take another dip later with more shares than I would otherwise when I buy back in. I could also miss a sudden bit of good news. I get the feeling SP raises might happen in stages. Even if they find the HRZ motherload it will need confirming and prices to rise to make it worth something and FO partner to onboard something which will realisticly take sometime....
Well I dont remeber exactly.... I told veryone to hold on cause it would bounce. It did low 34, 35? Then I held on - my mistake and sold a few days later around 0.25/0.26..... I know its been higher but the pread with this stock is a killer.
" If he had anything better than a pig to put lipstick on we would know" - GARBAGE
"you're choosing get getting bogged down here with a pig." - GARBAGE
I thought that was the most true bit.... you just have to look at Daves vversion of events and PMOs....
He defintately dresses up the facts to the point of almost being untrue.... it's called spin.
To translate :
I had about 62K - 72K depending on day of 88E.... I left with 12K.... I gained 40% investing else where , now 20K.... I need that to go up 350% to be 70K.
Why is it garbage..... which bit? further reactionary nonsense thats more becoming of a gambling addict.... than an investor.
I never said it wasn't my decission to buy and sell.... yes and I did. It seems you that can't doesn't it!?!
For old times sake I have a small stake left on the very slim of chance which I obviously check in on now and then.
Last time I checked it was a free world with free views. Frequently it is those with dubious positions that have to push back so hard to people that pose different views.... usually means they doubt there own fragile views and have to react to shore them up
Ask yourself this about the latest RNS.... is Dave the kinda guy to not shout from the roof tops if they actually found anything of value? If he had anything better than a pig to put lipstick on we would know!
The market is full of opportunity at the moment and you're choosing get getting bogged down here with a pig. good luck with that. I lost 50K on this share but since 88E melt down I'm up ~40% from moving away.... in 8 weeks or so..... another 350% to go.....
" Everyone will be back at work next week after the announcement:" Well thats not what the government are telling business in the briefings.... If we all went back next week there would be a huge spike of cases again within 8 weeks and all our staying home would be for nothing.
Well it might be sometime.... people will only go back to work in stages. Lots of people will cycle staff, buildings and transport will only have 20% of the people using them. International travel will not be back for years, if ever back to the same levels. Oil use won't get anywhere near recovery levels until we have a vaccine and lots of people have had it.
>>>>> As the trolls are always keen to tell us everyone has a right to an opinion on the boards, even those who have never been invested.
I lost at least 50K myself how much did you lose?
It just everyone here put out a story of this time next (week/Month/Year) we would all me millionaires or x times richer and its cost people a lot of money and while we might get good results the worth of the 88E is dependent on a lot more than that. The oil is only worth money when it is possible to get it out and make a profit, otherwise no one will be inerested. We are rapidly moving away from oil and requirements in coming years will be a lot lower. So we could be in a position of over supply for many years to come.
Phrontist prediction.... 0.4 by Monday??? sorry?
oh dear.... might be for a reason?
Earth to people - did no one see that shell cut dividend for first time since WWI 1945 ?
Well my experience so far with this stock is that it doesn't behave on what anyone on this board wishes it would......
Never know anyone get it right !
It seems to behave however the market makers want it to.... Ive seen huge buys of 100M + shares and next to no movement, I've seen small millions and the ahre price shift 20% and back down for no reason i a single day. The one time it has to move is when it actually get something that effects the balance sheet, like a discovery. So I think it will shift up and down milking the market at the whim of the market makers until an anouncement or takeover. but no 0.4 by Friday..... as usual tooo much wishful thinking......
E_AL,
Good research...
It someone else is putting in place the infrastructure to transport the Gas to the customer it make E88 more viable.It sounds like there whole acreage will produce huge amounts, which could be worth Billions in the longer term. I would imagine once one of these projecrt gets the go ahead it will take 3-5 years to complete.
Archie