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Thats the signal many have been waiting for

I make the hedging as announced in Feb for 2022 as 172 days of production (based on 50k bopd). That's approx 50% of 2022 unhedged.
I make 2023 67 days hedged (based on 52k bopd)

personal message to Bio-can you please just speed this process up, make a lowball offer and allow me to exit this pile of ****e. It's poorly run and I just want out at a price that I feel I can justify

Putting the hedging to one side, the company have done well on the production and costs front, which lead me to double my holding here this morning

Losses for hedging stands at $3.68bn-I think this has more do with why the sp isn't jumping

Can someone help me here?
I make it approx 200k bopde. Hedging for whole of 2022 at 44.17 mbo.
Therefore 220 days of the year hedged.
2023 theyve hedged 30.3mbo making it 151.5 days (so approx half the year hedged)

231,000 bbls are currently hedged in 2022 using swaps at an average price of $74/bbl and 114,000 bbls using puts with an average guaranteed minimum price, net of premiums, of $44/bbl.
That's out of 730,000 barrels per year

Can anyone do a quick pros and cons of the two companies, I'm already heavily invested in UJO but have just taken an initial chunk in EDR.

I should add that I already hold UJO

I have just taken a first tranche of these. Can anyone lay out the pros/cons of EDR over UJO?

I think its the crude futures keeping a lid on the sp-Example July 23 is at $80.9, even with todays oil price

Thanks-Do you have a link to the Myles and Bbn thread?

Quite honestly, I feel NCYT will be better off in someone else's hands. I think I'll take a chunk of Bio today. I like there growth drive

Look at what Biosynex have been doing whilst NCYT have been sleeping on the job. This could easily have been NCYT buying up companies, but they've done didly squat

What I fear is a low ball offer of £4 a share coming in. They can say it's a 100% premium and likely get away with it. I can't see the current bod putting up much if any resistance I'm afraid to say

But they get the cash in the bank

Also any new dynamic management team is probably looking at the dead ducks currently running the show, thinking they can increase sales a multiple of what they currently are. Personally, I'd like to see every bod and manager working at NCYT kicked into the long grass

Market cap of £150m and with over £100m in the bank and no debt. Any bidder is getting the company pretty much for nothing at these prices

Most won't realise what we have here until the sp is multiple times what it currently is-AIMHO of course :)

Personally I think this will be taken out well before then at £5-£6