RE: Why the fall in price this morning?08 Apr 2021 11:32
Lets hope we are all still around when Sealion is producing. In very late answer to your previous question re DTY I haven't really kept up with whats happening over there since I mostly sold out. I did ok but could have done a lot better. Pheonix obviously saw more value there but now they are throwing their toys out of the pram. Not really seeing too much in the way of catalysts to propel the valuation there although I have always thought there is a future takeover brewing. All the best
The stock on loan here has increased to 3.72% at end March from 3.33% at end Feb. Although that figure is not high it shows there is some short interest. It seems that this has been sold down in the mornings often alowed to bounce back up in the afternoons, looks like a shorting algo could be running.
How can your reliable source know of a decision before it has been made ? In the Q & A transcript which was posted on here, the cut off wasn't even until June 21 so its not even policy yet. Then even after that there will be this 'committed to attaining the goal of Net Zero across its operations by no later than 2035, well in advance of the UK government goal of 2050.'
RE: Closest we've ever been, 5/1 long shot, or both?23 Mar 2021 09:14
I couldn't agree more, I would also add the negative sentiment caused by years of nothing happening, disaster in Italy followed by a multi year long arbitration case, consistently a loss making company, partner with so much debt when the oil price dropped they got taken out by Harbour and the fact the Falklands is a disputed territory. Its all quite unique. Until news comes out this is not investment grade. I've been long for sometime by the way.
Any professonal outfit shorting this at 11p is risking almost unlimited loses, as we now have a heavy weight new partner with Harbour and potential new funding with Navitas I can't really see any sound investment case to be short. Huge huge risk for potentially quite small gain. The stock on loan figure being so close to zero seems to fit this logic.
Any professonal outfit shorting this at 11p is risking almost unlimited loses, as we now have a heavy weight new partner with Harbour and potential new funding with Navitas I can't really see an sound investment case to be short. Huge huge risk for potentially quite small gain. The stock on loan figure being so close to zero seems to fit this logic.
As there is a lot of short interest here they will be buying back in order to take profits, help with a bounce then short it right back down even harder. In my view. Long term PFC will probably be ok but there could be more short term pain for sure. Be carefull all don't panic and consider your risk.
pre2rcd, I'm not convinced there is a seller or a buyer. For a year or more there have been blocks of 50,000 sells then they buy them back again to sell all over again. I reckon its all a zero sum game. Probably Premier Oils bankers keeping the market cap depressed as it would be in their interest to do so. I don't really think any pension funds have much of an interest here.
If L2 enables you to think there is a 9% or even a 7% spread then it is not worth having. Spread is lower than yesterday but the bid is slightly higher. Ponzi has just shown us he doesn't hold a meaningful number of shares.
RE: Cairn disposes of Catcher and Kraken09 Mar 2021 10:13
If you rememer the Kraken water cut issue, it sure seemed like Cairn weren't best pleased with Enquest and the performance of Kraken. Also Catcher production down this yearfor different reasons so perhaps they just wanted to call it quits and see lower breakeven production in the rest of the world.
As you know the valuation of those oil companies is based on production and 2p, 2c reserves. Rockhopper is or should be valued on 2p,2c divided by Chance of Success. With an indicated spread of 10% this morning whether we are 6% up or down at a given moment in a given day is somewhat meaning less.
I don't think we even need the PMs to rise noteably for this to increase. If you look at Centamin its up 6% from the low a week or so ago and with a MUCH higher AISC. I think the market just needs to think the bottom is in on the PMs fall and we have some stability around this range before the buying here can commence. As of last week I'm in already btw