Member Info for JohnLewis79

Well done hasiba for spotting Faroe one I completely missed. I guess your showng a profit if your in the low 100's and I'd def be holding for 175-200. Don't think it's worth 300 as that gives it a mrkt cap of £1bn plus. Gluck.

Might be worth a punt if you think DNO will splash out to 200 a 40 upside from current for the c.70% it does not own. That would cost DNO around £104m. Though loss making Faroe has £75m net cash and produces 14k boepd. 140 might be the floor should DNO stay pat so a reasonable bet imo for the brave investor. The bod have said the offer undervalues Faroe so whether anyone's else might bid pressing DNO to raise their offer is a possibility. At 200 that would value Faroe at £746m some £210m more than G with far less impressive metrics (ok I know they don't mean 'umpence). G is truly unloved by London investors.

Early rises in London (60 at open) as stocks reacted to the Brexit deal and a better oil price, Shell & BP gaining 67 and 11 the 350 OG up 230 (c.3%). Sterling rose to $1.2845 (c.52c) with banking stocks to the fore. HSBC added 20 and RBS 4, Barcs and Lloyds little changed. Discussions with the Italian Govt over their budget helped European bourses (DAX gained 162) on the news that officials were ready to trim the '19 deficit. London sectors gaining on the day were retailers on back of Black Friday sales expected to reach £7bn and housebuilders saw gains in T/Wimpy, Berkeley and Barrett on mortgage approvals hitting £25bn (+c.6%). With the Street powering upwards London closed at 7036 (+83) just 15 shy of high for the session with 250 adding 181 (18719) 40 off intraday high. All, s/caps & Aim closed higher. NY opened strongly over 260 at the bell and in early dealings had put on 360 helped by the OP and rises in energy stocks, Exxon and Chevron both c.1.5%. Others gaining over 2% were Amex, Msoft, Travellers, GS and JPMC. The worst Thanksgiving in memory was truly left in the dust as the mrkt headed North investors bouyed by bargain hunting. Black Friday shopping bonanza fell by 9% (footfall) but on line sales (+26%) more than made up for the relatively poor High St nos. Gainers Inc Wal-Mart, Home Depot, Nike, Amazon (+2%) & Best Buy up 2%. Strong rise in GM (redundancies) est at 14.000, closing o'seas plants and focussing on electric cars pushed GM up 5%. GM is cash rich atm. Analysts pencil in $40-44 for the stock. On the global front, Italy and Brexit helped investor sentiment and Trump, XI Jinping meet at the G20 on Friday hoping to settle trade worries already impacting steel importers in the US. Dow closed the session up 354 (24640) near days high after a sag at midday. The Nsdq put on 143 (7082), Apple up $1.50 with some software stocks in favour. Profit taking expected first thing Tuesday. Far East mrkts mark time on T & XI meeting, the Nikkei adding 178 heading into the afternoon, helped by electronics and retailers. Stocks that rose on Friday (pharma & utilities) were sold off first thing on Monday. HK (-7) slipped on properties and weak energy shares and SH adding 12 on s/caps, techs & oils. Taiwan (-3) & S.Korea +18. The nos: Oil $60.30. Gold $1228. £$ 1.281. £€ 1.130. Coin $ 3670. $Y 6.944. Vix 19. MSCI 480(+5). FF -7 & DF -44. Morning all.

50% up ytd...& that includes 25% today. All about the right pick.

FP lost $11m last accounts.

Not another bloody vote!!..

Yea...right! Wonder what FPs lifting costs are?

Teachers gambit of boring everyone to death on Brexit so MPs will cave in and vote 'aye' for the deal... has a squeak of succeeding. Voting down this bad deal risks a whole slew of imponderanbles none of which Teacher has planned for. So cometh the hour will Parliament send her packing to read the 48 letters of no confidence in her or say 'sod it' we'll sign up just to be rid of bloody Brexit for ever? In Lambeth where i live 7/10 voted to remain as did most of London.

Any hopes of an interest in G by DNO are out the window now.

DNO offer 150pps cash (£444m) for the balance of stock in Faroe Petroleum.

100 -9.6% A/S -10% 250 -11% SCP -10% AIM -12% *** DJI -1.75% S&P -1.54% R2000 -3% Nsd +0.50% *** TK -4% HK-11% SH -22% SK -16% TWN -8% *** MSCI -5% *** 350OG -6% 350TK -26% ***

US mrkts closed lower on Friday the Dow off 178, S&P 17 & Nsdq down 33 a continuum of the falls started back in Oct. Far East stocks mixed TK up, SH & HK down. A little better in London the ftse fell 7 and the 250 added 3 & All Share down 3 (3812). However Nov is proving another losing month as to date the Dow is down 830 the Nsdq losing 371. London's ftse off 175 and the 250 down 385 mtd. In the Far East Nov is surprisingly better only the Nikkei in the red (-748), HK gaining 948 & SH 24. Starting the week in Asia Tokyo is up 232 despite pre mrkt futures pointing lower. Retailers and beverages rose from the bell. Mitsubishi expect to dump Goshn from the Chairman of the motor group at a board meeting today. In HK tech heavyweight Tencent rose 2% with renewed interest in financials pushing the Hang Seng up 440 by mid day. Quiet in SH the SHCOMP adding just 7 though in Taiwan the Taiex broke a 4 day losing streak putting on 82 (9748) and S.Korea +23 (2080). The nos : Oil $ 59.73. Gold $1224. £$ 1.281. £€ 1.130. Coin $ 3945. $Y 6.944. Vix 21.5. MSC1 473(-2). FF +24. DF up 124. Morning all.

Not...or ever invested here (gut feeling going back aways) but appreciate your knowledge on mrkt machinations...but have to say from a pis pov you over egg the details to almost make them unintelligible to simpletons like me. That's my fault for sure but I have enough on my plate without concerning myself with the minutiae of trade dealings and whose on first base....heh heh and whose asking? We're all in the same boat atm and how sp's pan out from here is a great unknown.

Where shall I send the cheque...cheers!

You know ocelot.... (" last time i checked net assets they were 460"...your post Fri 17.25). I'm beginning to wonder these nos & others are meaningless. Seems to me no-one takes notice. Perhaps its simply an ominous symptom of plunging mrkts and shot sentiment that good Cos get crushed along with the bad. I'm not sure it's supposed to happen that way....heh ho... Whatever you believe, I'm in the school of bunks...his post of Fri 21.54....' rigged mrkts & crapping on prudent well run oilers'...rings true to me. That could just be a couple of old sourpusses having a moan but I don't think so. Finding a decent well run Co to invest in is one thing but having to contend with some of the all to obvious skullduggery is entirely different and not what I signed up for. I'm lucky I'm out of stocks more luck than prescience though I have been bearish for some months now.

Brent and WTI both in bear territory as defined by a 20% fall from highs. Here's a few reasons for the collapse in oil. 1) Holiday trading vols are thin and exacerbate swings in the price and with crude in a downtrend the tendency is to go lower. 2) US production topped 11mbopd recently and Saudi and Russia at near record levels leading to an imbalance. 3) Margin calls on speculators caught on the wrong side become forced sellers. 4) China demand has dropped to lowest level in 13 months. The US China spat is hurting the world's 2nd bigest economy and one of the bigest importers of energy. 5) Trumps call for lower prices. 6) S.Arabia in a corner re oil & defence or keeping Donald sweet or....Saudi first or America first? 7) $ strength is hurting those countries using other currencies to buy $ priced assets. Probably some I have missed but along with the OP fall world mrkts have had a bad November to date. Nov over the years has returned a 1.4% average gain on 45/68 occasions for the Dow (last year +2.4%) and the Ftse returns c.+0.65% average, a mid table month. So as you can see Nov looks like continuing the poor Oct performance for stocks...Dow -5% Ftse -5%. Kurd o...lies have had a shocking few months since end Sept. G has fallen 74 (30%), Gkp off 123 (43%) & DNO lost c.44p (24%). Should G fall another 30% that would take G back damn near to where it started 52 wks ago. Now who wudda thunk that? Still time for a Santa Rally but the odds / outlook are not encouraging. One can but hope. Morning all.

Glad u checked ocelot , I rely on a poor memory for figs knowing you sharpshooters will correct me.

G -20 (10%) GKP -12 (7%) BP -13 (2%) RDSB -93 (4%) PMO -8 (11% TUL -12 (6%) OPH -1 (4%) 88E u/c CAIRN -12 (7%) ENQ -1 (3%) REGL -3 (7%) RHOPR -1 (3%) SOUND -0.5 (3%) UKOG -0.5 (3%) G in 2nd place after PMO in % falls means little in the grand scheme of things....a snapshot in time. Most pis imo would be on the sidelines, just don't try and time your re-entry much as you want to. G has fallen 33 this week (16%) and now just 66 up ytd while oil has fallen 12% this week and 7% ytd. Make of that what you will. On May 18 G hit 292 now just 6 months almost to the day G trades at 174 a 118 fall from ytd high. During this slide the OP has fallen from $78 to $59...say $20. Now whether one is dependent on the other I don't know but back in the day G used to trade well above the prevailing OP and in darker times I might add. Fathoming the vicissitudes of G sp moves is beyond my capabilities exemplified by had i had 'spare' I'd have been buying at 250 and doing money. Sometimes being skint is a blessing! Evenin' all.

Are we now a property Co, to be valued at 50% discount to nav? It's kinda like buying a quid for 50p I'd do that...wouldn't you?

I found 30 o..lies up today but some of those were quoted on the downtown Mogadishu oil exchange and you need Kalashnikovs for payment. Atm the 350 OG is down c 4% on a bad day all round for energy stocks. Big Oil off c.2-4%, RDSB down 93 leads the fallers. OP off c.6% at $58.82 that's a 12% fall this week. Cheers Chump!