Member Info for E_AL

Brent Crude- July Contract !
$39.12 +2.09%

Not sure really for how long shorters could keep this down. The initital drop touched 5.88p then bounced back up straight away, since then PIs buy in bulk whenever the sp drops to the 6.6/6.7p level. I really cant see it dropping below 6.6p unless we get bad rns for whatever reason. From what I know about the current situation, value of the assets and cash in the bank , the potential for receovery from this level is much more higher that another drop.

It looks like we’ll see a blue Monday:

Pre Trump’s speech:
“ FTSE 100 index closed Friday firmly in the red as markets fretted over a potential further deterioration in US/China relations.”

After Trump’s speech:

“Stocks recover after Trump's China actions not as bad as feared

Stocks staged a late rally that lifted the major indexes out of the red after Pres. Trump's China actions fell short of the harsh sanctions the market had feared.

The rebound took the S&P 500 and Nasdaq into the green with respective gains of +0.5% and +1.3%, while the Dow Jones closed -0.1%.

During his much awaited news conference, Trump said he would take action to eliminate special treatment towards Hong Kong but he did not indicate the U.S. would pull out of the phase one trade deal reached with China earlier this year.

"The items he could have talked about, [Trump] chose not to talk about, but it's not an end-point," says Julian Emanuel, chief equity and derivatives strategist at BTIG. "It's a continuation on the way to more tensions."

On the week, the Dow jumped 3.7% and the S&P surged 3%, while the Nasdaq added 1.7%.

U.S. Treasury prices rose to session highs on heavy volume following Trump's press conference, with the 10-year yield closing 4 bps lower at 0.65%.

WTI crude oil closed +5.3% to $35.49/bbl, surging above $35 for the first time since March 11.”

* https://seekingalpha.com/news/3578784

Well said JAdam, I just topped it! The sp is rediculous atm

Easy 5% to bag first thing on monday morning, instead of leaving the extra cash sitting in my account.

They did paid over 50% higher last month than the current sp which as you said inspire confedence. I just topped up again at such a ridiculous share price :)

29-Apr-20 Buy Sandy Shaw 11.29 GBX 44,297 shares
29-Apr-20 Buy John van der Welle 10.28 GBX 50,000 shares
29-Apr-20 Buy David Jenkins 10.40 GBX 50,000 shares
29-Apr-20 Buy Steven McTiernan 10.83 GBX 100,000 shares

They should start covering, they are the only ones selling to keep the sp low while the buying pressure is growing . LTHs in substantial losses so they wont sell at the rock bottom

Many oilers dropped today becuase oil prices gone down

*WTI Crude $32.82: -1.53 -4.45%
*Brent Crude $35.01: -1.51 -4.17%

Buys vs. Sells 2:1

# Trades 678

Vol. Sold 7,928,506
Sold Value £536.36k

Vol. Bought 16,790,433
Bought Value £1m

JAdam, we had a massive buying pressure at the opening but it looks like there is an II cashing out here.

I think Kite Lake Capital had to borrow more shares on the drop day to use in keeping the sp down while covering. The longer they could keep it down the better for them as in day traders will get bored and sell cheap & more time for them to cover.

II refilling the ASK

*Client sentiment:
98% of IG client accounts with open positions in this market expect the price to rise.
2% of IG client accounts with open positions in this market expect the price to fall.

*Trading activity:
Last hour63% Buys
Today63% Buys
This week63% Buys
This month55% Sells

* Broker ratings:
Strong buy 2
Buy 1
Hold 3
Sell 0
Strong sell 0
Total Brokers 6
Average rating Buy

Yes, Hurricane has US$230mm in debt in the form of a convertible bond, however this is not repayable until 2022, giving the company plenty of time to refinance.

Agree MaverickD, it looks good.at 7p Mcap is the cash they hold so 7p should be the line in the sand

# Trades 1,366

Vol. Sold 16,501,767
Sold Value £1m

Vol. Bought 25,144,359
Bought Value £2m

The shut-in of one of the Lancaster field’s two production wells is a “bump in the road” that didn’t warrant such a large drop in Hurricane Energy shares, an analyst said.

Ashley Kelty, oil and gas equity researcher at Whitman Howard, said that while Hurricane’s news was “clearly disappointing”, the 46% share price slump was an “overreaction”.

The early production system on the field, west of Shetland, was “designed” to highlight issues such as the “interference” which led to the shut-in, Mr Kelty said.

And given how low oil prices are currently, producing fewer barrels from Lancaster might have some benefits, as the company would have more to sell at a later date, hopefully at higher prices, Mr Kelty argued.

The full article: https://www.energyvoice.com/oilandgas/north-sea/241303/market-overreacted-to-bump-in-the-road-for-hurricane-analyst-says/

"@lejjb:And remember that the current mcap is the amount of cash in the bank."

The current mcap is LESS THAN the amount of cash in the bank :)

It looks like we just hit the rock bottom:

https://pbs.twimg.com/media/EYnNTOMXsAEZ-Ya?format=png&name=large

ha if you are a trader then you should have access to L2

At the moment great support around 23.65, I think its our new support.

IG UK - SIG PLC

99% of IG client accounts with open positions in this market expect the price to rise
1% of IG client accounts with open positions in this market expect the price to fall

Is he the 1% shorting it? lol

I think you have averaged down earlier, sold and now trying to get another cheap entry.

Mate just buy again, shi is heavily undervalued and you know it, 2-3% cheaper/higher wont bankrupt you ha