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We all know what happens at the end of Napoleon Dynamite!!
Note that Madmick joined LSE in Feb 21, and has posted on no stock apart from SIG.
Honest question - what’s the significance of the 2.5x EPIDTA ratio?
On the sidelines. Watching and waiting.
I was lucky on this one. Got in at 13.8 and out at 15.1. I was nervous about what would happen to the sp if n sands didn’t come in, and turns out those fears were well founded. Came out of here and put the funds into ophr which is looking very cheap indeed with production at 25k boepd and mcap of £260m and Low dent. I bought in for the new production and cheap price. Looks good as a turnaround play.
Not in here but am watching and waiting.
Motley fool article on Amerisur:
https://www.fool.co.uk/investing/2018/09/07/could-this-tiny-growth-stock-potentially-smash-the-sound-energy-share-price-in-2019/
All moving in the right direction. Malcys blog on Amerisur today worth a read: https://www.malcysblog.com
With the cash generation they have the very significant imminent drilling programme, it’s not surprising. Looks like they’re going for some pretty substantial resources with Put 9 and 12 In particular. With the pipeline capacity ramping up with the new pumping station and Low opez costs, this looks a very good prospect to me.
Looking cheap here now given current production and the imminent drilling programme which looks very promising indeed. So I’m back in at what seems a great price. What was it Buffett said - be greedy when others are fearful!!
I mentioned earlier this is a terrible chat board. It’s all just unsupported / unproven conjecture and allegations, laced with a dose of pure nastiness. Really really awful board - the worst I’ve seen on LSE by far. What happened to sharing actual sensible views and good research? Analysis of the company including its prospects, current valuation etc... c’mon all you GKPers, were all here to make money so why not cut the BS and let’s have some proper amiable, sensible and helpful discussion about the company.
This board is dreadful!
What are the price targets here for the next 12 months?
Well Maestro I have to say just one more thing on this, and then no more as let’s wait for the Ttansglobe bulletin board to start - this is the SDX board. The Q1 2018 official balance sheet on The Transflobe website says 60m under the section titled ‘Net Debt’ - it’s a bit of a giveaway. So it seems that unlike SDX, they are not debt free and that, together with the company’s future plans and prospects, exploration track record, and quality of management, all have to be taken into account. I like what I see at SDX and plan to hold here until the SP is multiples of where it is currently.
My reading of the last set of financials is that TransGlobe have 67m dollars of debt. Sdx on the other hand are debt free.
Actually I think AMER is closer to 5000 bopd at present but it is all oil.
We have a successful discovery at SD - all good there. Some teething problems at LMS but seemingly they are confident these can be overcome. Overall I see this as a net positive RNS, and am surprised at the drop. Amazing buy in price.
It’s a screaming buy and hold. It’s sometimes difficult to have the discipline to hold on to shares when there is so much volatility with other stocks, but the upside here just looks very significant. The company have now demonstrated their prowess with the drill bit. If this can be repeated with the oil that they found signs of last year, we would be very very happy shareholders!
I agree - plus if you look back at last years RNS’s, there was evidence of oil when they went deeper at sdx1. If they were to find that, this would go haywire. Given their current success with the drill bit and clear knowledge of the geology, I would’nt bet against it!