Member Info for Boyobach

I guess you know the difference between a Results Presentation and a Promotional Video?
If ITM spent cash on glossing-up what is essentially a Zoom call by the CEO and CFO then there'd be some serious cause for concern. I also doubt that RDS rely on this stuff for their intelligence gathering and strategy planning.

It’s very early days for ITM and some investors have unrealistically high expectations. Checking ITM against the NASDAQ CELS index is a good indicator when it gets ahead of itself: https://invst.ly/w0rxu .
It’s not hard to see why Brenberg’s people suggest 350 as a short-term target, although the trend, currently at 375, might hold:
https://invst.ly/w0s1o
It was obviously a bit toppy around 520 - and set for a fall because the results were unlikely to match expectations.

The pressure for a breakout above 1460 continues to build.
https://invst.ly/w0rf1

psmith64: the company …. has the money for another factory which looks like[ly] with the demand for PEM's around the world , another factory is not far off…..

Not until the first is making a good profit surely? Let’s see that first.

ITM has probably attracted investors that are in too much of a hurry, hence today’s sharp drop. A delight for traders, of course.
It’s advisable to limit expectations and control exposure. I’m not an advocate of averaging down automatically when a price drops unexpectedly but accumulating and top-slicing at pre-planned levels can progressively build a highly profitable investment.

It's just a question of when to jump in and what is a sensible floor price…..
The opportunity to top up at £3.94 was too good to miss….

ITM is high risk, so it’s surely a question of entry at an apparent or possible ‘bottom’ and trading/accumulating from that point.
With progressively firmer support likely to be found at 375, 360 and 320 if it continues to drop - and it may not - today provided a good enough entry point for me.
The trend is your friend: https://invst.ly/w0h7o

Excellent observation re ITM, Chilting.
I decided to take a punt on ITM at 398 (net per share). But I recognise that it is just that - high risk. CWR seem to have a better model.

It’ll be interesting to see if G is still above 122 at the end of the month as that would indicate a possible break with the downward trend of nearly three months:
https://invst.ly/w0eif
That, in turn, would prompt a personal review for me: How solid is the 120 level? What are G’s future prospects and risks without BB & Miran? Will termination of those licences result in compensation or an ongoing deal? etc etc.
Elsewhere I’m finding some profitable volatility in places like CWR and Bird - they’ve been a welcome distraction from G.
I'm not having much joy with TGP - not sure if Rangor is still in that one too? I think it could turn out to be a dud.
GLA

Chilting: I guess their [ITM's] SP could fall ...and CWR could follow?
Events proved you utterly correct Chilting.
For LT holders, CWR can be a good cash stream if managed properly - it's not a 'buy and forget' (nothing is IMO).
It'll be interesting to see how the Interim Results on the 30th are received - there's a tendency for shares in this sector to attract some investors with high expectations and little patience. Always good for trading and reducing one's net cost per share.

You won't have seen the back of traders, shortsqueezer, they're almost certainly back in already.
The froth on top of the firmly improving underlying sp makes this a perfect LT hold with nice trading opportunities. 6p per share in 4 days for me, having sold last week. Who gets a divi at that rate? https://invst.ly/w0ckl

After dropping below the NASDAQ CELS index for about three months, CWR seems to be back ‘in sync’ with it:
https://invst.ly/v-zu-
It’ll be interesting to see if the sp range continues to tighten near the fund-raise value of 1060, as the chart suggests, or whether the red upper limit gets tested to the point of a breakout in the next few weeks or months. Either way, trading opportunities may well continue here.

Excellent advice Jim!
I spotted this nugget of advice in an article today, which I feel applies to the broad spectrum of investors and not just traders:
'Traders need to be open-minded at all times, as no one will ever know for sure, or with very high degree of confidence, which direction the markets are heading. You can, however, prepare yourself tactically to take advantage of short-term movements in prices. Obviously, you can always have a stronger view, but it is important to drop that view if the market is telling you something else. ' (taken from https://uk.investing.com/analysis/chart-of-the-day-crude-oil-poised-for-big-move-200496153 ) .
G is not a 'blue chip' - not that you can be complacent with them either - it is high risk and volatile. Watching it and analysing every penny move is neither fun nor necessarily productive. I've actually made more this year out of stocks that are really quite boring to watch in comparison.

Oh! I think Hawkey has blown his cover. At least it wasn't my fault.

…..all those charts using Brent fail to underline this huge price increase of natural gas
It’s perfectly true, Nightpusher, but the correlation with sp does not exactly stand out: https://invst.ly/v-hl- (RDSb v Brent and NG)
Not that I think we would want an sp that’s as volatile as NG, or Brent for that matter.
There was a steep jump in NG towards the end of 2018 - it didn’t seem to boost the sp then: https://invst.ly/v-hom though it did coincide with a weak OP, which might explain.

adeg1: you have to factor in the change in the US dollar exchange rate to that calc....
The $ actually weakened against the £ over the period, which strengthens my point because the divi effectively fell by more than half whilst the sp fell by only 36%. https://www.xe.com/currencycharts/?from=USD&to=GBP&view=2Y

Char: ‘but the reality is , while the dividend is half what is was, the share price will be too.’
Worth a fact check?
Q4 2019 div: $0.47: sp on announcement, Jan 30th: £22.47
Q2 2021 div: $0.24: sp on announcement, Jly 29th: £14.38 (ie 64%)
It does mean the yield has dropped, of course - which implies higher confidence.

Going nowhere (which is a word btw) in this context also means stable as opposed to volatile. RDSb has been closing on the mid 1440's since mid-August: https://invst.ly/vzx7s Many here will be happy to see that because it also indicates the bottom is firming up, which is much more important for LTH’s. True - it’s not so great for traders. BP is doing much the same. It’s a good platform for the next advance - Q3 is unlikely to be disappointing and eyes should be on November rather than this month. I don’t need roller-coaster moves from my key investments: steady steps upward are much better.

Boyo - what's it going to take for you to buy back in here?
Very fair question, bunks - and one I ask myself most days.
Fact is I don’t know - the charts suggest I wait and see whilst my instinct reminds me that, over the years, I’ve observed that G’s windows of opportunity have progressively closed - whether it’s been dusters off Malta, Taq Taq’s vanishing trick or negotiations re BB. It’s also the case that luck has always been in short supply at G - when there’s been a risk or doubt, the coin has tended to flip the wrong way .
I agree with your comments about 122: it was also my intended exit level but I jumped early on the BB RNS day. Since then, it’s not fallen enough to make it look worth a risky punt and it’s not recovered enough to make it look capable of achieving a higher valuation.

One look at the monthly payment report spells out the reality of today’s revenue and the future gaps that will need to be filled. The future now depends heavily on Sarta and QD with BB and Miran effectively out of the equation and no longer supplying the ‘lucky bonus’ element. Sarta and QD, the latter in particular, seem to be more coin flips.

I believe he's posting under another name but not here, H.
Probably embarrassed about dumping G last year and leaving this BB without comment, I guess - but there's no shame imv. H's cheerleading always seemed well-intentioned and genuine to me but G has dealt us all some nasty surprises over the years.

sorry bunks. I seem to have lost my sense of humour. The effect of the last three months here, I guess.

I think Rosneft was destined to develop BB and Miran after their pipeline deal rescued the KRG three years ago:
https://www.reuters.com/article/us-rosneft-kurdistan-idUSKCN1IQ121
KRG have just been stalling until the right moment. G has always punched or, more correctly, talked above its weight - assisted by the likes of Malcy IMO.
The only other contender for the gas would be Pearl (Dana + Crescent + others) - but they've had their disputes (and won) with KRG previously and don't have the political clout. I doubt that DNO want to expand in the KRI - although they did once make a cheeky bid for GKP didn't they? They might make a similarly paltry offer for G, I guess.