RE: Statoil Statement6 Dec 2017 16:03
Middle East Money, Hur will not spike to anywhere near 40p on the CPR IMO, even with the expected news of the new chairman and positive news to a Main Listing imminent , I do not see it spiking to 40p (I hope am wrong and we shall soon see over the next few day) If I am wrong and goes to 40p on the CPR, then I will top slice and look at buying some more Jog, but it's not going to happen IMO.
What Hurricane does have is funding to First Oil, due hopefully in less than 1 year and a few Billion barrels of oil recoverable (let's see what the CPR says), and it still owns all it licenses 100%, with no debt.
So MeM, let's wait and see, like I say, I am invested in Hurricane, and to a lesser degree, Jog and believe that with a little little bit of patience and a little luck, both could significantly bag.
I certainly wouldn't contemplate selling Jog at those levels, and do not care if the SP gets walked down lower. Fundamentals are good here IMO and as always, a bit of patience , forget the rainbow, and holders should make good money on both shares..
Sorry others for going a bit off topic, or talking about other shares on this BB, but in the context, I think it is ok.