Member Info for easyp

Not just them....us too!
This morning I bought another 10,000 shares at sub 7p. A drop in the ocean I know but, if enough small investors start topping up or averaging down then the market makers will notice and the sp will start to head north.
Are there risks? Yes of course but also opportunities in how the Lancaster Field is developed so DYOR.

Oil demand will not bounce back this year but there are encouraging signs from China and the airline industry is just starting to fly again in the west. As I understand things, we can buy shares in the Lancaster oil well producing 10,000 bopd for around 7p? Seems like a good price to me with Brent at current prices.
https://www.woodmac.com/press-releases/chinas-q2-2020-oil-demand-shows-signs-of-recovery/

Y viva Espana!
Speculation or do they know something we do not?

I bailed last week having enjoyed a good run with COS over the past month and walked away with about £1400 in profit. One of the reasons for exiting was that I feel the deal will be less about a pure cash takeover and more about a strategic investor as mentioned below. If that is the case the sp might drift back a bit and once the deal is done I would consider buying back in.

Re Directors buying at 5p a year or so ago they may well accept a lower offer now if they believe it is in their long term interests.

https://www.telegraph.co.uk/investing/shares/questor-crisis-has-good-foronline-casinos-time-another-spin/
Trouble is for those of us who rode the wave up to 300p most of our gains were then wiped out by the market reaction to government regulation. Since stop lossing in 2019 I have dipped in and out of 888 to make a few quid on the dips but the sp today is a shadow of where it once was and I am not convinced it is going to "bounce back" anytime soon.

"The Lancaster EPS is currently producing from the 205/21a-6 well at a rate of approximately 10,300 bopd. The Company plans to increase this rate incrementally, to determine its maximum sustainable level."

This morning I bought 10,000 shares in an oil company with a well producing 10,000 bopd for under 7p a share. Yes they have some debt but nothing pressing so I view this purchase as a bargain. Am I wrong?

https://www.proactiveinvestors.co.uk/companies/news/221749/if-the-north-sea-is-revitalised-what-are-the-best-options-for-investors-221749.html

Enquest up 25% on an RNS operational update. Please tell me that one day it will be our turn?

Enquest just bounced on their operational update including oil hedged at $45 a barrel!. Anyone see any benefit to CNE?

But, but...I am still waiting for that dip down to 24p to buy more Fruitbat!
I need more dip, want more shares cheap, cheap!
Somebody start a rumour, anything will do, maybe government election/intervention?

Bladey, agree as I was impressed by the financial sit here when I viewed the FT tearsheet and the science looks promising. I also used this mornings surprise opening drop of 10% to buy 2000 more shares at sub 80p so not complaining too loudly.

Yet at market open down 10%?????
Are we being played by day traders?

"Not carried" OK now what?

Buy 10,000 shares and the price bounces up 9%......so buy a million or so and it might hit 50p a share?

I did not pick out anything alarming yet cannot fathom quite why this share has bombed in the past two years to this degree?
Tempted to buy some more as online gaming seems like a Covid proof punt and people gamble through recessions.

https://finance.yahoo.com/news/billionaire-steven-cohen-bets-big-134732361.html?guccounter=1
Basically a big US investor going into their biotech stocks.

I am glad to see the bounce today as I had bought in a couple of weeks back and watched the sp drift lower. This week I re checked the fundamentals on the FT portfolio function and averaged down by buying a few thousand more. Glad I did as this uptick puts me on about break even.
While a stock market correction likely this year I less concerned about money invested in bio techs over industrials etc. I would expect the tech that OBD commands to drive orders and a stronger sp by year end.

Every little helps as they say and a $35,000 handout from NZ gov handy as is the rest of the RNS.
Should I start to view COS as a long term hold rather than a short term speculative play with a bid approaching?

I am not invested in RR but this morning I sent an exasperated email to my MP demanding that she and the gov do something to help. I had contacted her years ago to point out that RR hade designed a SMR and to be fair the gov had chucked a few quid at feasibility studies.
https://www.rolls-royce.com/media/press-releases/2019/23-07-2019-commitment-to-initial-funding-for-smr-welcomed-by-consortium.aspx
The gov needs to place an order for a dozen RR SMRs in order to provide baseload zero carbon electricity but they will only do that if enough people rattle their cage and point out why it might save some of those 9,000 and indeed the company!

Sold a third of my stake this morning to lock in some of the profit. I will be interested to see where the bid if one arrives is priced? I say if, I think it highly likely there will be a bid just not necessarily a large one.

RNS today and an uptick of 16% but trying to buy a few more around 2.5p rather than 2.7-2.9p as per HL. Will wait and see if the sp fades back a bit this week. RNS does point out this might not result in a solid bid if the two sides fail to agree. I suspect something in the 3 and a bit pence bracket or a cash & shares offer.