The good thing about investing now is not just that the share price is at all time lows and sellers are drying up. There is also very little risk in the near term (in relative terms).
1. Indico will be a couple of months probably, so there isn't about to be a duster rns.
2. No production updates until Jan, so even if there has been a drop it won't be made public.
3. Everyone has already written off put 8 this year, so should a miracle happen and progress be made, it will be seen as a bonus.
4. Everyone has written off n sand and whilst I think it is unlikely, they are still seeing if another location could be viable.
5. In 2 to 3 weeks they will announce whether they are progressing the t and u sands. Surely they will given the near 500bopd success
6. They are planning on updating reserves on the back of the t and u sands and the long term test of mariposa.
7. Pumping station has gone quiet but they could announce its now in operation and our 5k bopd are transporting tariff free.
Nerves have no doubt been rattled, but buying now would help average down, even if it was just a short term trade to get a bit of cash back
Mid Jan 2017, share price was 29p and in decline. Rex was selling and by mid March declared dropped under both 8% and 7%. By end of march share price had lost a third and was 20p.
27th March mariposa spud and 30th may well was complete and tested. Share price starting increasing on the spud rns and recovered to 27p by end may.
This time we already know is mariposa is a great success and rex has less fire power.
I always look for repeatable patterns and balance of probability. Surely this will try to get back to 20p.
Someone trying to buy 500k in closing auction!
I guess they weigh up the commission reward from taking surplus stock versus the risk of significant bad news. If things go bad, create a dead cat bounce and shaft someone else along the way.
https://tickerjunkie.com
Just think if you were the mm for Rex harbour. 2 years ago he approached you telling you that he wants to sell 200m shares. As long as you take them off his hands without question as soon as he request, he will guarantee you the trades. Think about the amount of commission you would earn. If you refuse at any time he will take it to another mm. You would bend over for him. You would end up with surplus stock, but you would manipulate the market to off load on the way.
Would not surprise me one bit if PEEL hunt were his mm. They are always trying to convince people to buy the stock. You would bounce the stock up every other month and balance the book.
This will bounce again soon just so they do it again.
Until new stratus shares come out of suspension and they either buy vetra or the deal collapses, I don't think anything will happen to put 8.
They seem to be struggling to raise the 88m to my them, so there is no way they will buy amer in my opinion
Don't rollovers relate to futures contracts and not actual share ownership?
When I trade contracts they never show on the trade register, as i am not buying the physical atock, so why do rollovers?
There is def something fishy here with put 8. I feel like I am missing something and haven't pieced the puzzle together yet.
I don't understand why they didn't just say something like "new stratus is in the process of raising funds to complete the purchase of Vetra. Subsequently new stratus trading has been suspended and no operational activity will be be carried out until the deal is finalised. Therefore put 8 is on hold."
Reduce
Interesting that they have not provided an indication of how many days the drill will take. Should rescue short term trading
Let's hope it's a gusher
Indico all ready to go. No further update until drilling complete.
In or out? Time to make your mind up
No. There was a 1 share trade yesterday as well. It's a big myth.
Looks like a bit of a stand off today. Someone if offering to buy 100k at 10.2p and 100k and 10.1p. Someone is offering to sell 100k at 11p.
Would be good to get some of Vetra production through the oba.
The data is s but if out date but gives a flavour
This consortium, in turn, is formed by Canadian firm Suroco, which holds 30.4%, giving it a 15.8% stake in the Suroriente block, and local company Vetra, which is the operator of the block by virtue of its 69.5% majority stake in the consortium. The block has 20 active wells which produced 15,545b/d in March 2014 at fields Quillacinga, Cohembí (both in production) and Quinde (under exploration). A net oil area containing deposits of an average 29° API was discovered in the Quillacinga field, at the Villeta U and T deposits. The Cohembí field is the block's most productive, with an output of 11,813b/d in March 2014, from the Villeta N sand
Got my order in at 10.2p in case it drops. Thought I would join whoever keeps placing the 100k buy orders on the book because they always seem to get them filled.
Maybe new stratus can't raise the funds so amer take the other 50% of put 8 and 69.5% suroriente and they just raise the funds for the llanos blocks
Are new stratus the discretionary clients named as the shareholders in the CG holding RNS?
I just discovered that CG are the lead agent for New stratus regarding their acquisition of Vetra.
They are clearly in the know regarding activity in the putumayo and llanos region. They have been buying up Amerisur shares all year and held 84m or 7% as at mid August.
Coincidence?
I’m hoping it’s institutions picking up the shares the pis are selling