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It's been manipulated now in quite a tight range for 18months and on the face of it appears very undervalued.
A takeover wouldn't surprise me in the slightest and as long as it's above £1 I would be happy to take that and move on.
Strange time to open a short when others are closing, winter approaching, spr release about to end , opec confirmed cuts and us with 2 huge company changing deals on the horizon.
I can honestly say I hope they get absolutely rinsed.
It's what I expected from the silence.
Back to the bottom draw till we get contract news.
I'd say its certainly going to be in the .2s tomorrow if no sales or contract news.
We've almost halved again so load up and sell on the next 100% spike.
Mistake I made was only selling half at breakeven last time should have been the lot ...I did have some glimmer of hope then.
It's just a matter of waiting out the SPR realese which only has 6 weeks left to run then the artifical manipulation should stop,the market will also know this so the bounce from here should be pretty strong.
Dividend landing soon which will help here.
Amazing how that's been forgotten isn't it.
I'd be far happier investing in actually proving our field size up over the fdp but I guess that doesn't suit the agenda since Kozel left.
They simply can't seem to make any progress despite amazing tech.
I sold half on the last spike so are not hurting like I was however its as frustrating as I've ever known they simply have to get some contracts over the line.
They cant take it down quick enough can they ...
Have to laugh whilst we were closed Oil was surging to $105 and we had a shortage.
2 days later we are down 15% and the world economy is falling apart....someone's making a lot of money on these wild swings, I will just sit and wait until our Kenya deal and merger are completed and sitting above £1.
I sold half my stock on the last rise and will probably remove the rest from here on the next.
I've always found these sort of deals suppress the share price regardless of what the news is so think this is the last straw for me really ...never mind we might here some actual news 1 day.