The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
well this stock is very prone to sizable downward drift between moves up... I've given up trying to view further than a small step in the future... we all seem to be inversly good at this atm! I wish everything I predict is rubbish in a good way.... there you that's covered it. My big doubt is that lots of people have oil in the ground a lot of it is effectly worthless until the oil price rises. We may be another one of those... so our SP may not rise much even on discovery untill the oil price rises and we will with it.
Also of course the russians and Saudis might get somewhere although Trump confirmed they would so I guess that means they wont....
Boom.Boom - god point about M Cap.... paints a different picture. Also shows how LTIs have been diluted over the years....
This stock is massively likely to double by Tues/Wednes next week the question is from 1p ot 0.75p !!! bloody MMs !
I've held these shares about 6 months and what is clear as day is the price is hugely manipulated by the market makers. Yesterdary we had 100 Million in stock transactions and while we started 20% we finished flat, flat !!!
Today there is little activity 1M difference in bought and sold and we are down 5% ?
This is all driven to make money for the market makers it doesn't really work for the share owner.
There were talking possible negative prices for oil on the news thia morning. People are extracting more than they can find places to store it. So they think they will have to pay people to take it away.... maybe we could pore some down our well ? ;-)
Hopefully the Saudis and Russians will have come to terms by then or at least turned the corner. So oil prices raise.... which will help our extraction viability and SP.
The ASX share can only move in 0.005 steps which is around 5-7%..... So if the market moves in the UK they can only translate that move cruedly sometimes not at all. It really effects our price moves in turn.
Also I think there is an issue down the two markets being apposed timewise. Who should follow who when the market moves. Did we change to match them or they us? It's a right state!
So yesterday muggins decides to put in limited orders for all my 88e.... on the news I thought i'd drip out and dip back later....
up 30% !
only one went through small blessing only 10k only......
Fe)kerdy Fe)k!
PMO up 76%+ this morning.... as our partner surely their recovery is good news for 88E as our risk is diminished??
but no we are still down!!
In English -> What are people's ideas as to when we will next hear news from Dave and 88 Energy?
What are peoples ideas as to when we will next here news from Dave and 88 Energy?
I sure there are other places for chitchat open a group on FaceBook or something.......
We're in dander of not finding anything about oil let alone 88E on this board.
Well it's a bit like we've held a couple of duff parties and we thought we'd hold another.... we've told everyone this one is going to be really good, and now we're stuck in the kitchen waiting for them to turn up.... someone get me a drink and turn the music up!
Jaffas I hope that's "More Jam" today not tomorrow! :-)
Does anyone wonder whether the "herd" took a look and read through a few day/months/years of these messages and decided to wait and see?
I think if we discover something of value early on they may come back, but if it is later they will stay away until past the end when suddenly we are undervalued.... and they will stampede!
Crumble.... except for the closing auction.... which can change the price after close.
and this in the NYT
https://www.nytimes.com/reuters/2020/03/03/business/03reuters-usa-oil-alaska.html
Looks like there has been a move by Banks to end direct finance for Arctic oil and/or gas projects.
https://www.banktrack.org/campaign/banks_that_ended_direct_finance_for_arctic_oil_andor_gas_projects
This must make things more difficult, as companies take a green stance in the Arctic/Alaska.
I have a question: When they have drilled a hole between the 7/9 layers, what stops oil leaking from one layer to a lower layer through the hole? an eight inch hole could leak a few hundred barrels an hour over a period of a year that could be a lot of oil lost?!
Chitting time...