The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Institution or TR1 loading up at the lows maybe?
This is the perfect time to be doing so.
I have slowly acquired myself over the past week.
We got ride of those trapped in the last gap a couple of weeks back.
Close like this today and we've filled the gap for good.
Onwards and upwards.
Nigel50 I expect the production RNS will be the start of a slow and steady rerate.
In my opinion one thing that needs to happen now is that the directors need to put their money where their mouth is. We all know first gas is coming with an additional two wells to follow (not in broker note) and that there is a fantastic pipeline of news to follow over the next 12 months.
So, when are director buys or the options being exercised? The BOD should have a bit more skin in the game. No excuses now.
Group of sellers wanted out before the rumoured TR1 was going to exit (no credence to the latter).
This has held back the SP and momentum as of late. I don't know if they're out or not but they really can't have much left to shift. I can't blame the sellers to be honest. There is nothing wrong with locking in a profit. However, if you're a recent or new holder and you're prepared to hold medium to long term you'll be rewarded. It's simple revenues, no debt, generating cash for future acquisition, onshore, direct connection to the grid. Blows the debt laden likes of IOG etc out the water. Let's have it!
Nigel the fact the volume has been dropping off over the past month or so is a good thing. It means the big selling is winding down and price has been consolidating as new holders enter to support at this price level. PXEN is displaying the type of price action you might expect before a big news item lands. I like to think of it as the "launchpad". If price could just close above the 8 and 21 ema that would be great.
This can explode on very little volume. I'm not sure first gas will be the catalyst many hope for although it will certainly help. It's the rest of the news flow that will arrive in H2 that will help. I expect this is why new brokers were appointed? It will help get the news out and hopefully a new broker note. I'm confident TR1s have been working behind the scenes to the benefit of all holders and I expect Mark will take a bigger position when he is able to. All this can only be a good thing for the company. We need the gas turned on now though!