Member Info for belgrano

I think we had a fair few I investors in here would had bought stock with funds they didnt have. Indications were always there that Brad was going to announce a drilling program, guess the plan was to offload their T20's for a nice premium and we would see the normal price crash on news. Looks like the crude price drop and different announcement has forced some stock closures...to the advantage of those with a little dry powder still left. Hopefully may be some more bargains along soon as well, forget black friday, now its black monday.

In my humble opinion. Bargain price, I have just had some more.

Hello edgers, I've posted some questions with replies for some process related questions on ADVFN for those that are interested. best regards Bel.

Brad has invested our cash in the most efficient option. The oil/water seperation facilities should be up and running end jan, the order has already been placed. water breakthrough is limiting production on all wells, and costs us a fair amount for a third party to process it. This way we reduce production costs by treating it ourselves and recovering the oil and gas. This then gives us the ability to push rates on all wells as we can then process the associated water which comes with the higher draw rates. its increasing throughput without drilling costs with a 9 month payback on treatment costs alone. many investors today dissapointed that we didnt get news of drilling program, well treatment of the water produced is actually more efficient, and cheaper. however the rns does not explain it that well, I feel its very good news, and if more investors wish to sell themselves short due to not understanding the field reasons through lack of information it would be a great pity.

I do feel that the lack of newsflow is not a reason to sell up. Brad has clearly indicated that this is not his style. I know this does not sit well with the average uk investors who like myself prefer a very regular trickle of news. price to buy just sub 7p now, so im starting to take advantage again at a great price. we are expecting quarterly/ six months report, this week. We know crude prices have suffered greatly over the last few weeks, however edge are one of the lowest cost, oil producers in canada. This will cause many producers to put on hold their drilling plans,, which should drive all important drilling costs downwards. This is the clouds silver lining as well as the drop in canadian currency exchanges, in international terms our production costs inc admin have dropped nicely.

Many of the smaller opec countries are struggling with oil oil prices, anticipation grows that Opec will cut production to raise prices back towards their $100 a barrel target. http://online.wsj.com/articles/crude-oil-edges-down-as-eyes-fixed-on-opec-meeting-1416482399

certainly drifted back down to pre-hype levels again. this is where the true bargains lay. has every deserted.

its 3%, otherwise a fair amount of guys on here would be registered.

time to drill is now then. http://www.theweathernetwork.com/uk/7-day-weather-forecast/canada/saskatchewan/eye-hill-no-382 Thought the T/O approach was 90% bull, as we've all heard similar talk before.. however I'm not so sure now.

now 8.25, mid...just seen a 62k sell at 7.95, now 8.5 to buy at full ask.

they will have to raise the price again soon to tempt some quick profit takers, you can now sell almost any amount easily.. they want your stock.

looks like it wasn't much of a sell order as we have the usual signs of stock availability tightning. can only now buy 10k for 7.25 on barc at full current ask. about to see a price rise I suspect.

tight spread 7.00p to sell 20k, 7.13p to buy. they are looking for stock but I suspect they had one sell thats not been announced yet as the price should be higher on this volume.

nothing like a published good takeover rumour to get stock interest up. This is a good stock but its always been under the radar.

It could go a couple of ways, one might be a stock suspension but the market does not like these, the other is a sudden price jump following a auction after the announcement. The new price might not be the actual sale price, sometimes its below, if there is a chance that the deal will fail, or even above if mr market feels there might be a counter or higher offer coming in. All speculation of course.

Why no heavy buys..as we know we'ed expect to see some chunky buys going in if this was true. Well firstly I believe its fairly recent news as the article implied its as a result in the crude price slump and that other company's were also interested. So we can accept the recent slide. So Repsol would need to secure a majority stake with management blessing. We know its along term objective anyway.. why not now if the price is right for Brad?? Secondly liquidity. very poor indeed, if I tried to force a buy of a million shares on Monday quickly (which isn't a lot of money in the larger scheme), the price would rocket north, so Repsol need to work quietly especially if there are other suitors around. If fact if i was Repsol I might even dump some stock knowing it would depress prices to try and keep the price and bargain levels while negotiating with major holders..Still would only cost me 100K or so. Ones things for sure tdalamh, you did smell something going on a short while back. Getting very interesting now.

Kindly copied from ADVFN see below from JamiesB. We know that one of our largest shareholders is Henderson Global Investors, for several months they have been lodging their 'Form 45-102F1 ' form to allow them to sell in the open market, the last one being dated 8th September 2014, they last for 28 days, I believe. However, this form has not been resubmitted, why? BN informed me that Henderson's were likely to carry on lodging the form as a matter of normal trading. The interesting thing for me is that they are 'insiders' and are aware of what the company is doing, more so than most shareholders, so where am I going with this, well, the form has a statement has a declaration being:- I certify that (1) I have no knowledge of a material fact or material change with respect to the issuer of the securities that has not been generally disclosed; and (2) the information given in this form is true and complete. Maybe HGI cannot lodge the form as they have new inside information which is market sensitive; could it be that they have been asked by BN what they would sell at?

Firstly we often see many reports over company t/o, most of which fail to materialise, so we must keep our heads on the ground. However in the unlikely event that becomes fact and a offer actually comes along the current share price in my opinion will not reflect the sale price. Most of the company employees bought around 20p, they are looking for at least a return on their stake and all company debt cleared. It all comes down to the oil, and this is Edges strong area with easy to develope oilfields which give fast easy paybacks...just the sort of minow acquisition that would appeal to a cash loaded predator.

Is this why Brad urged me to "hold on" in a recent note, is Christmas coming early.

Edge is still profitable even at todays crude prices. The drop in us crude price has been some what diluted due to the corresponding drop in canadian exchange rates and differential margin..excellent piece below copied from ADVFN. The Canadian Oil Patch Either the retail investor is unaware, or gets caught up in the fear perpetuated by the decline in WTI. Much of the Canadian oil patch is priced using the Canadian benchmark - Western Canadian Select (WCS). WCS typically sells at a discount to WTI. Over the last few years, that discount was about $20-$30 a barrel. In the last year, that differential has shrunk to between $15 - $20 a barrel as producers have been able to leverage rail infrastructure to get their product to market at competitive prices. When the US dollar strengthens, WTI usually falls. When WTI falls, I find it odd that the energy patch in Canada starts to sell off. A stronger US dollar is a benefit to oil producers since their product is sold in US dollars. A stronger US dollar relative to the Canadian dollar puts more money in the producers' pocket and acts as a hedge to falling oil prices. A simple example will illustrate the point. 2013 •WTI - $100 US/Barrel •USD/CDN Exchange Rate - $1.00 •WTI to WCS Differential - $20/Barrel •WCS = ($100 x $1.00) - $20 = $80 CDN 2014 •WTI - $80 US/Barrel •USD/CDN Exchange Rate - $1.13 •WTI to WCS Differential - $15/Barrel •WCS = ($80 x $1.13) - $15 = $75.40 CDN In short, while the price of WTI has fallen by 20% in this example, the realized price of WCS has fallen by only 5.75%! Mind you, there are many grades of oil, this example highlighting a company weighted towards heavy oil. However, a fall in WTI does not warrant an equally proportional share price decline in the Canadian Oil Patch for all companies. Moreover, many of these firms hedge for downside price risk. When Q3 and Q4 are announced, it's likely this realization will finally hit home, at which point, the Canadian Oil patch will rebound quite rapidly given the heavy discount these assets are currently selling for.