The strength of the sp in this market is really telling. I expected a few sells as people wanted to sit on their cash. The fact there are still buyers is very encouraging.
I topped up again today, this was as good a trading as you could ask for considering we are supposed to be heading in to a recession. When it becomes obvious this recession will be mild if at all then I expect the sp to motor
If you compare to many other companies on many metrics som is cheap. I added today and will continue to do so. It may not repeat its past Stella performance but i believe it will continue to churn out cash.
I was negative this morning because they shouldn’t have done monthly if they couldn’t do them for an extended period. IMO they need the money this month to get 802 flowing but they think they will have recouped enough quickly to pay the dividend quarterly. Clive couldn’t run a bath, it’s only the asset which keeps investors here, not faith in the management. If there is a problem with 802 let’s hope it’s an easy fix. All will be forgiven if they can announce they have overcome a blockage and it now flowing at xxx’s bopd. There’s naturally a lot of people not willing to take that risk and so are banking profits.
Imo if they weren’t paying the divi they would have had to rns. The fact they haven’t set the divi date makes me believe there’s something going on to delay it. The lack of a sp collapse also gives me confidence. I think they will have to rns tomorrow, but this is Caspian.
If you’d told me, you’d be able to buy at this price with a flowing deep I’d never have believed it. Just shows the lack of trust that has been built up. I’m in way too deep and yet I’ve bought more today. The upside is too great for me to do anything but buy. Each to their own, but I’ve not been here for years to sell for for a 20% gain.