Member Info for jollyspeculator

Subsequent to the end of the financial period being reported on there have been declines in world oil prices based on supply and demand curves and this has also resulted in declines in the WTI, or North American, oil prices. At the time of publishing these results the lower oil price has not affected rig utilisation with overall land rig utilisation in North America continuing to increase. On-going drilling will be required to maintain production volumes. Sustained lower oil prices in North America however are likely to affect the returns from, and therefore investment in, further field development.

I don't like the WC movements here...so US$5m goes in 6 months...doesn't get expensed (echoes so many AIM companies) ...with only US$13m cash left, they need to make progress quickly to at least c/f breakeven imv ...and the weakness in oil price has sharply increased concerns about their market

despite my reservations lol

that sounds about right...and if oil weakens yet further, it gets acute ...OPEC has distorted the cash operating costs supply curve for so long that the oil industry is a bit Alice in Wonderland imv...and the high cost opportunities are v vulnerable to a dose of reality

for now

yes...64/5p might be decent support ...have you seen plausible broker note(s)?

yep...so was I with my top up...still waiting lol ...may top slice over £4 mind

I am Jolly impressed by DQE India volume and sp strength...and by language re financing of developments & reducing receivables in interims ..perhaps this is turning ...watching closely now

looking good...and the 20% discount (while a little high) makes a lot more sense than the 40% nonsense earlier this year ...the market is challenging but the multiples undemanding and the management is hopefully/probably Jolly decent imv (never met them, mind lol)

I dipped toes in @4p just now..unsurprisingly largest volume since last local minimum over two years ago (after which sp roughly doubled quickish late 2012)...hope history repeats ...reckon our other shared share is in better shape lol

so highest vol since summer ...fascinatingly poised: half empty (turnaround taking so long) and half full (making some headway)

still concerned about management's execution capability...and lack of visibility on sustainable profitable growth...and now weaken oil price environment ...but have to accept this is a Jolly decent contract lol ...good to see UK engineering prospering (fingers crossed)

pls switch off the screen

strange perhaps...but Jolly wise

tough competitive environment, now more indebted, Bod selling & limited residual stake, poor visibility on profitability let alone sustainable growth ...guess sizable BoD buying would prompt rethink

ain't that simple...rel to camk, the cash position here is troubling imv

Wexboy is always worth a read

lol ..spread v wide

enjoy yr w/e

release was bizarre..but some buying which is a little encouraging