Member Info for IvaP

Well we've gone sub-10p as I predicted. Since my average is around 45p i'm obviously pleased with my foresight and lack of action to sell earlier at a loss.

Why would the likes of JPM stick their necks out with a daft 190p target? You'd have thought that they would have half an eye on their standing with such a view.

We have just avoided 10p which was my sense of where we might be by the summer. As George W Bush once said I 'misunderestimated' and it might be this week.
Anyway, everything now depends on whether this market plunge is temporary.

If UK went totally carbon neutral it would make no difference to global warming. Our govt has no backbone - unlike Mr Trump who acts in the interests of his country rather than everyone else's.

We are at ludicrous P/E of 5. The 2018 accounts look good, so the only think I can think of is that there is negative sentiment towards gambling sites and government restrictions could get even tighter. As the sp falls so people bail out and this is then self fulfulling. Once we go sub 1£ people will just give up and it will slide further. My hope is that the next trading statement looks good and that the dividend is maintained. According to the 2018 statements they can afford it.

What about a buyback sub-10p?
All this is just fiddling. What's needed is a network of productive wells and a pipeline, which won't happen.

The downtrend seems to have stopped for now but I'm predicting that just one little hiccup will cause another significant re-rating. I'd like to learn of any material reason for an uptrend from here.

Based on what?

So where are we heading - sub 10p?
I see nothing to drive the price back up at least in the near term - or beyond that really.

eh?

So do people think the sp is down mainly due to shorts - or simply that risks outweigh any positives?
Afraid I can envisage sub-20 by March.
Iva

I just don't understand the current sp. Tempted to buy more as we're up 1/5 of a penny against an otherwise red day.

Tend to agree re last post although £29 seems more like fair value to me.
Hopefully will dip so I can buy some and then rise in Santa Rally. If we get one.

...only works if you are right next to a transceiver and there are no leaves or insects in the way...what a waste of resource when there are more pressing issues for the planet. Moreover it's more debt depressing the sp.

Probably until i get stopped out. Then it will rise rapidly.

i have a bad track record of getting onboard the non-major oil stocks. Doesn't bode well for the rest of you i'm afraid..

It makes no sense for there to be shareholders of the likes of SSE, CNA or NG, water companies and the railways for them to be profiting from mostly hard up people. Worst still some of shareholders are foreign. SSE yields 8% which could be used to reduce bills.

Just imagine if there were shareholders directly profiting from the NHS.

Well we have a gradual uptrend now which is ok. Can't see anything not to like other than the market not being that enthusiastic as it has turned into an adrenalin junkie where only spectacular returns get recognised.

Well it might be. Impossible to tell.

Huge trade went through today of £57M at 11:14 at 580p. Spike down then straight back up. Something happening behind the scenes.

Who cares what they think.

Just visiting this one out of curiosity as I got out at around 14p.
Surely everyboady knows their stake is just going to be steadily eroded and hoping for some kind of change of fortune is nuts.
The writing was on the wall for this overhyped stock long ago.
Don't average down.
Put your money into something like ENQ or HUR or PMO if you must be in a non-major oilie.
The way to think of it is: if the money was in your bank and you hadn't lost on ECHO so didn't have the urge to get even - what would buy today?