Member Info for Bugsy911

Oils getting absolutely trashed when the Yanks come online.

What's happened as I'm struggling to understand the collapse when the SPR has ended and we're heading into winter and a few articles yesterday regarding warmer the usual weather should in noway cause a drop like this.

It's only a matter of when yney get caught short.

The grind down is relentless ask yourself why and for so long.

Long term you'll make good money off the dividends and even more once it's eventually sold.

Oils definitely not in favour right now however the supply / demand issues can't be hidden forever we will rise again.

We've been constantly ground down for a while.

It's not even rising with oil now however will always fall when it drops.

Bugger things at play still I feel and the shorters still playing games.

I firmly believe we will have a huge uplift once our 2 main news items land possibly double and some., its frustrating yes however I took the risk at 6.7p and won't be going anywhere at these prices and will just wait some more.

China covid is a good excuse to drop it again so yes we will open down.

It's just a wait game for oil to rise as the Russia cut off looms and the SPR release ending.

Hopefully it will bankrupt the parasites.

We're on year lows due to these constant shorts and hope it ends in tears for them.

Oils up $4 since we closed the same happens most days , wonder how much we will claw back in the morning.

Until it gets above my average then I won't risk even trading this and will just continue to churn the dividends back in and keep increasing the amount received each time.

At some point it's going to get take out so will sit patiently for that event.

What's to see were getting pushed around with the Americans keep smashing the oil price down

We need 1 of our 2 big pieces of news out to put some life back here, very under valued still Watford my £1 sell/ review price.

Oil getting whacked again what's the excuse this time?

Isn't the spr about to end ?

I've added again today, news could land at anytime now and if its a contract will hopefully have been worth waiting.

I got in at 6.7p and will be holding for at least £1 I'd call that a result even at todays price which is woefully undervalued.

About 4.5 billon was the value which was a share price of £4.52 and the highest point we ever had.

If you remember we we're all waiting for the £8 offer and 8 billion valuation and whilst we all held TK sold his shares and didn't disclose to the market until it was found out 6 months or more later with a quite pathetic RNS based on administration issues.

He wasn't as my message below JF caused the final blow with his debt for equity swap however the CPR and main listing under TK started the collapse.

TK proceeded over the CPR when we moved off aim to the main market , share price collapsed on that from £1.50ish as it only accouted for 25% of the field (still does) so our reserves are nowhere near what they actually are and nobody now seems very keen on proving otherwise.

JF decimated our last hopes rather than refinancing the debt around the 42p mark he let us slide all the way to under 1p with his disgraceful debt for equity swap and we've never really recovered from that all be it at that stage we could easily have folded.

In perspective the highest price we hit was £4 52 in old money equivalent we are now 2p.

Someone sees value here , just a matter of when you double you're money from these levels.

I also agree it has all the hallmarks of a takeover with the manipulation that's gone on for a prolonged period.

That's still 25% higher than we are now and not accounting for the 2 company changing deals on the horizon.

Additionally it's a shame the market didn't react the opposite way when it was rated at 77p all bobbins and probably in cahoots with the latest short positions.

I will be adding next week and keeping in the bottom draw until it at least doubles.

Oil slightly up and we're hitting year lows this is easily 15p to 20p lower than what it should be something is definitely going on.