Member Info for DRichi

I received an email from my Broker a few days ago saying that the LSE are going into auction at midday everyday for 2 minutes for certain stocks, so will be unable to Trade for that time. I deleted the email so can't really remember, but was only for certain types of Securities.

Not sure to be honest. The 5.72 doesn't read quite right. Re: 5.1, "Going above this resistance would positively bias short terms and even press upwards the mid-long term scenario." Broker does give Resistance Level 1 at 5.1 and Resistance Level 2 at 6.97. Still all the arrows on the MM, EMM, Bollinger 95, Indicators point upwards, so although not understanding all the finer details, do take that to be a good sign....

from my Broker; "The short term rebound goes above the resistance level at 5.72, it would be necessary to go above 5.1 to slightly improve. Technical Comment: Outperform"

"Rises from the last lows set at 0.05 heavily press upwards the mid/long-term profile. Short-term bias is therefore neutral-bullish with an initial resistance level at 0.09 whose loss would confirm the mid-term upwards turn."

Basil- +600bpd by end of May sounds good to me! Totally agree about PL and PPC having a good strategy which will (hopefully) maximise returns in the long term. Just guessing now, but have a feeling with Production ramping up in Argentina in 2nd half of this year, the SP should rise linked to the amount of barrels, back up to maybe about 20p a share(?). Then we can have all the Exploratory drills in Paraguay next year to shoot for the stars. And watch the SP go de aqui hasta la ultima estrella....

Blackpool! A few years back they were one of my favourite Premiership teams. Good old Holoway was an entertaining manager! Hooefully you can avoid dropping to League 2. At least you have 11+ players these days; that's progress!!! It was only a few years back we (Bournemouth) were -17 points at the bottom of League2. So things can change round.... @Brasso- Imperial yep! My bad. Thx for the correction. 4.8p to 8.15p in a week. That's a good week. Huge % increase. More please.....

From my (limited) understanding the BAU production in Louisiana is profitable and the Production in Argentina will be profitable by 2nd half 2016. Combined this equates to a NAV of 17p per share (according to the Broker estimates) of Peel Hunt Limited. There are various reworking of wells in Argentina which should up the Production substantially= increase in SP. Also, the initial drills in Paraguay have proven the existence of oil, but further drills are needed to confirm amounts & viability of extracting it. Any good news here would lead to a very significant upside. PL has previous (with Premier Oil) of turning a 20p a share company into a £12 a share company. PPC has support of the Argentinian & Paraguayan Governments and also the World Bank which is keen to promote the growth in both Argentina & Paraguay. And the price of oil is going up. This will be the Leicester City of shares.... (Maybe) (DYOR) (Past performance is not indicative of future returns) (The value of your investment may go down as well as up) (Who knows really anyway?) (But probably worth a punt....) (Or at least, maybe worth a punt.....)

KUMS- whilst I do agree with your sentiment; to add a bit of historical context to the SP it's worth looking at the Options that the Directors awarded themselves. July 2015- 2.6 million share options awarded with a 100p performance target due to expire November 2015. July 2014- Two sets of Options were issues. One is Total Shareholder Return (TRS) was 80p over the next 12 months, and the 2nd was if TSR was 130p over the following 12 months. Obviously TSR of 80p, 100p, 130p was not achieved, and as such the Options have Expired. But those were the figures that the BoD were aiming for, and thought achievable. Of course things have changed since July '14 and July '15 and maybe these prices are no longer realistic in the short-term. But medium term; you never know....... GLA!

BOOOM, BOOOOOM!!!! Putting my Outhere Brothers cassette tape on play to get the Friday afternoon party started!!! ;-)

"Short-term bias is therefore neutral-bullish with an initial resistance level at 0.09 whose loss would confirm the mid-term upwards turn." Resistance Level 1 is 0.09, and Resistance Level 2 is at 0.10. Let's hope we smash 9p and then 10p then....

This is for Mining Companies, but applies equally well to Oil E&P I think. It's quite old, so you might have read it before, but it made me chuckle, so thought worth a share. I particularly like Rule 18. "On no account actually find anything or even worse, go into production. That removes all the upside potential of the company at a stroke!" http://boards.fool.co.uk/the-mining-promoters-handbook-6373903.aspx

News in; "Miguel Galuccio, chief executive of Argentina’s state-controlled oil company YPF, has resigned amid tensions with the new government as it fights to overhaul the country’s struggling economy. The former Schlumberger executive’s resignation, comes as Argentina’s biggest company embarks on a drive to cut spending amid the global downturn in energy prices." Galuccio had driven the Shale reserves work in Patagonia (2nd biggest in World after the US). It was Cristina Fernández that had semi-nationalised YPF 4 or 5 years ago. Not sure of the impact on PPC. But it's the biggest Oil Co. in Argentina, so any shake-up, change of direction etc could have a knock-on effect.

AParky- Thanks for that. $20 production costs is very low industry wide (especially outside Saudi), and of course with Argentina agreeing the $70 a barrel purchase costs that really does make the PPC operation there a very profitable business. And all the re-works should increase production significantly which will help the SP. Onwards & upwards.....

Reading today that Statoil is changing it's production methods to cut the price needed for its US shale oil operations to break even from $90 per barrel in 2014 to $50 in 2018. The CEO of BP has come out and said, that the company will be able to cover its capital spending and its dividend payments from its cash flows with oil at about $50. The CEO of Devon Energy is on record as saying that, “at $55 to $60 oil, “the vast majority” of US shale fields are economically viable." How low can PPC get the production cost for a barrel of oil in Argentina? And in Louisiana? Any possible estimates for Paraguay? That's probably a key question in determining PPC long-term success.... Any thoughts/estimates would be good to hear.

Wishing I had topped up earlier this week at sub 5p. Still I guess buying/selling shares is always easier in hindsight.

... +.175 on a net of 11.5K Buys. A Net purchase of 195,299 out of 525,000,000 shares, equates to a 3% rise base on buying 0.04% of Shares in issue. Decent move on very little volume. Maybe because so few of the shares owned are actively traded, this can move up or down rapidly with not too much pressure on it. Anyways, always nice to see Blue.....

Two decent bits of news and we see a 12% rise. 6p on the Ask! C'mon PPC!! Few more +12% days please! This ship is about to sail, all aboard!!! We're on our way to Breakevenville, and then maybe one day journey to the far away land of WellhellhaveIactuallymadeaprofitCity..... Ps. AFC Bournemouth 2-0 Southampton. Not relevant at all, but it's just nice repeating it! Pps. Never thought I'd be happy to see 6p!!!

Except, the RNS states, "Peter Levine, Chairman, through PLLG Investments Limited, purchased 4,000,000 ordinary shares at 5.0p pence per share". The Trades screen says 5.8M. But hey ho, what's 1.8M shares between friends?

5.8M shares! 290GBP spent. Someone is feeling confident....

Baysil- To reinforce your point, here is the analysis from Aberdeen AM, "This is the equivalent of a giant albatross being lifted from Argentina’s neck and comes just in the nick of time. The litigation and lack of access to international capital has had a sclerotic effect on the country for years but it was facing a real financial squeeze this year. Now the litigation is resolved, the country should be able to access markets once again. There’s still a lot that Argentina needs to do to get back on the right economic footing but this is a big step in the right direction." I note the peso still fell against USD though. Still, que sera sera....