RE: Balance12 Apr 2018 11:38
Topicel, Im afraid having read your recent posts, I simply dont understand you. You've done a complete U turn which is actually quite disappointing as you came across as one of the credible posters on here. However, with respect, you recent posts show, dare I say it, a high degree of fickleness.
Wrt to your statement ''....but on reflection the cash flow doesn't justify it any more than any other oil producer in the Permian unless we see another jump in oil prices'', well take a look at:
https://www.independent.co.uk/news/business/news/oil-price-latest-updates-syria-war-russia-us-opec-middle-east-military-action-a8300826.html
https://www.cnbc.com/2018/04/11/brent-jumps-to-more-than-3-year-high-after-trump-warns-russia-on-syria.html
I assume you recall what calculations have been based on wrt ROI so here we are now with oil prices at a 3 year high....and still climbing. All being well, oil prices are predicted to climb higher than even current levels this year.....
As for ''Those sitting on a 50:1 dilution post consolidation are the ones really spitting feathers if they've been hooked again.'', I understand you are one of those and are understandably disgruntled but one cannot keep looking back and apportioning blame retrospectively. Time to move on..... can't live in the past forever and what has/hasn't happened. We've all been there wrt shares/consolidation etc. And how exactly have they been 'hooked' again?
Is it not better to look forward, see what positive developments have taken place since August 2017 eg a 25million hedging facility secured with BP is no easy feat to achieve!! and the several items of news holders await inc Egypt?
No point in repeating the news we're awaiting and the upside potential here as it's been printed enough times........
These things dont happen overnight and just because the sp is not at your designated target sp does not mean the situation has changed here. As said, your 180 reverse in attitude towards this company completely confuses me.....but each to their own I guess;)
The Permian Basin is steeped in riches to be exploited and we're lucky enough to be there at this time and indeed at a time when oil prices were much lower but have now increased 3x plus since the Jan 2016 lows......
Cashflow will increase with increased production and rising oil prices and both factors apply here.....
As for ''sentiment and waffle'', isnt that what AIM is all about essentially - sentiment.......??
Regardless of your change of stance, best of luck to you :)
Im holding and very happy to do so....GLA:)