The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Being doing a bit more research but can work out the price if EDR was to hit oil within a couple of weeks and SP if well was good as dry. Thanks
Even more really bad news for fracking share holder. Saturday 16/08/2014 IMO, once holders start running, there may be a stampede to exit fracking shares As always DYOR and ATB http://www.bbc.co.uk/news/uk-scotland-28792721
I know what the facts are and if you cant see them, then I am not going to waste my time. However, the SP speaks the strongest re facts. The spead today is massive, why, I think you know why.
Looks like fracking is doomed. But I will watch for the fall on this one and may buy a few, ie money i can afford to lose and hopefully make a bit of money by September. DYOR & ATB http://www.telegraph.co.uk/earth/energy/11028321/Support-for-fracking-has-declined-to-24-per-cent-energy-department-finds.html
Hi Jmhy, did you buy on the weakness then? Thanks and GLA
Based on the "Breaking News," I can see the shares head in a vertical direction today, lol.
Thankfully I resisted jumping in when the shares crashed recently. Tomorrow, I'm predicting the shares will crash and then be suspended IMO. Even worse, could be suspended before markets open and then open a bit later. DIVE, dive DIVE IMO http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10918533/Asos-factory-arson-attack-causes-share-price-concerns.html
Yes I sold the lot the other day and like I said, should have kept a few thousand. 50/50 of shooting up or down but IMO, may remain steay around the 30p but potential to go up - Re Centrica, it is significant as a major player is not prepared to gamble more than the minimum. Should the shares lower to 23/25p, depending on reasons may buy a few and sell just before news - Not sure but once takeover of ALK confirmed may go up a bit but just as well go down. ATB
Just read an article about Centrica in today's papers, they are NOT planning on applying for licences in the next round of new licences re fracking as they want to see results first and that is uncertain. Will there be a buy opportunity next week, or will the shares steady as this company is expecting news? It's easier to see the positives along with the negatives about any shares when you are not in them IMO. Sahres could dive at any time but rise likewise. But the facts are that this companies shares price is volatile until gas is extracted and extracted economically and lots there to make it worthwhile and that is several yrs down the road. May dip in and out on a pure gamble in the nr to mid term - very longer term, may have a furutre. ATB
Thank you Sir. Cant be bothered to look it up but the MFool article I think also talked about BP and Shell losing more than a billion dollars each in fracking and the recent investments by Total (correct me if i'm wrong) of 50 mill is a drop in the ocean. On sentiment and news flow over the next few weeks could see these shares go pst previous highs and I admit should have keept some free shares back, ie take out what i put in and keep what was left and sleep on it for a few weeks but its done now and like I said, will concentrate on my donkey shares itv. IMO, room for easy profits but watch out for the rug to be pulled out from under your feet. ATB
Edgon Resources was a pure gamble for me. But many and sold out today having read a what IMO was a scary article on the fools board and an article I saw the other night from the FT and it said, the only people making money from shale gas were the events hosts and security firms. A profit is not a profit until in the hand and mine is. In hindsight I rushed in as I just got home an hour ago and limts for some were set at 35, sold at above 29p and can now sleep easy. I hope it goes up and you guys make a lot more than me and I'm to concentrate on my donkey shares, ie ITV have thousands invested at 180p plus ATB
Yes I too expected the 30p plus today, but on the other hand have seen shares go up expecting news and when news comes they slide. I had a sell limit of 35p today and tomorrow an still very hopeful - will be sell half of my massive stock. I'm sure market sentiment will carry it over 30p and if not in the v nr future may buy a few k's work as a few weeks down the road with other news expected, a dead cert imo - dyor - but if you want to lo, please feel free to do so as i too lol at many share holders
Did the government meet up with Egdon Resources leaders? Andrew Monk, chief executive of VSA Capital, told City A.M."
IMO a very good report. http://www.edisoninvestmentresearch.com/research/report/egdon-resources4
Sunday Times "Crudrilla, change fracking laws or we will pull out." http://www.itv.com/news/update/2014-06-01/fracking-childcare-and-redundancy-pay-in-queens-speech/
On Tue or Wed: From ITV: An infrastructure and competitiveness Bill will change trespass laws to allow shale gas exploration firms to drill beneath private property without needing the owners' permission. http://www.itv.com/news/update/2014-06-01/fracking-childcare-and-redundancy-pay-in-queens-speech/
Should have read this earlier - too busy decorating - would have bought many more - going to put in a limit order for Monday http://www.oilvoice.com/n/Egdon_Resources_Astute_dealmaking_in_shale_continues/541659287b69.aspx#gsc.tab=0
Below the expected news flow. I have a gut feeling the shares will be mentioned in the Sunday papers Next week we expect the results of the EGM in relation to the Alkane transaction, open offer and share placing · Anticipate spudding the Wressle-1 exploration well in July · Burton on the Wolds-1 exploration well will follow from Wressle · Union Jack have will issue a resources assessment for the northern part of PEDL201 Then there is the recent 60p brokers targed, and yesterday another broker reiterated 54p stance. Good weekend all.
Been decorating and off to work next week - shoud have bought a few more - never mind. - realtively large deals towards close. Atb
Smaller times taking profits. I was tempted to take some profit but decided against this as a lot of news out next week and the following six weeks or so. I can see the shares go down a bit on profit taking but the news flow will support the shares up to 40p IMHO. They were up by more than 4% back a bit now to under 4%. Not sure if to invest a few more K's in there as I am feeling very positive. I will wait until later today and decide if to buy and at this stage ie today wont sell any for less than 37p but will keep some back - or may be add if goals not reached. Good luck