Member Info for legache

Goldman predict on a bear case 30 bucks oil in 2026. Sadly this is going to be year to put ones hat on and wait for the shale squeeze in 2027. Certainly not a time to hoist the for sale sign.

Who would buy it?

That's what we all think, Sea. Let's hope we're right, I bought a tiny bit more on the dip today.

Why would you expect the price to fall another 20% - unless you think oil could go to 30 bucks, but even then they are heavily hedged in the high 60s..

You're using the wrong term. Net cash as opposed to debt free is what we've been expecting. They'll achieve that, probably in the spring.

Rbl is exactly as it had been disclosed. 200 million down to 150 as a result of the sale of thai assets. No new info.

I'm not sure anyone should ever says it looks leaky with reference to JSE. Last time that it was leaky it almost ruined the business

It's not a duster tho, is it?

Can't disagree, Charlie.

The question is what can "we" do about it.

Realistically, nothing will change without Tyrus having a role and aside from Gunter's seemingly well-timed purchases in the summer, they're going to be heavily underwater here too.

I hope you're right, if any stock was in need of a Santa rally, it's this one!

My point is a more general one. Their wealth should always be linked to ours. The markets no longer function effectively. Lots of PIs have lost faith in AIM, especially; this is why.

I will never understand why these guys can't just put their hands in their pockets, like we do, to buy shares. PI's have been pummelled here for years, and the chari gets rewarded whilst we all suffer. The optics are terrible.

Yeah, i noticed that.

MM's playing a blinder...

Wonder who the lucky holder is...

Wish i had the cash to buy a million shares!

Bit of a bonce back up in the oil price this morning. I can see it medium term rallying as US shale slowly withdraws output...

Cannot believe we're still at 22p. You'd have imagined they are making very good cash. Need a trading update

Yes, but not sure my 20 grands worth of shares is going to move the needle!

There's no reason to think that divs won't continue for at least another year, as they've already made that statement and a dip from NAV doesn't mean they cannot pay! Frankly, 13.5% div plus a 90% discount to NAV looks pretty appealing even in no no-sale scenario... You would imagine that 3-4 years of good dividends would come, before Nigel gets in.

Shorting BSIF. Don't make me laugh!

Well, if the deals done based on NAV not share price, and the NAV is 110, you'd expect all those instituitons to be in the market now hoovering up the shares. The reality is the NAV cannot be relied upon.

If that was in the works there wouldn't be shares trading hands for 69p.