Member Info for legache

Hopefully, when oil touches 50, they'll be a quick BACS transfer in our favour for the full amount, job done.

unless the Peters have a plan! :-(

Even for LTH like me, there is value. I bought lots recently at 120. I'm 50% down. but hey, when news of a sale or farm out comes the cap should increase more than 50%. that's why I'm holding. The question is, who will die first, me or the Peters?

surprising. I guess sdx is not too sensitive to the oil price.

Hang in there. This is good business. As indicated they will either give some cashback or make an acquisition. Both would be excellent for current shareholders.

Well, Brent touching 50 ATM. Just needs to stay there, or go on up...

Lots of new posters, which is of course welcome. Presumably many were offered 75 in the placing and are now getting stressed. Welcome to GBP folks. I hope you're all young enough to see a return. As it stands the Peters great great grandkids might see a return

Oil prices reacting positively. The main benefit is that there is a window to a post covid world and the opec members have signaled their they will play ball. Companies like GKP and GENEL are still significantly down YTD. Should rally IMVHO>

https://uk.reuters.com/article/uk-oil-opec-cuts/opec-leaning-towards-oil-cuts-rollover-with-gradual-increase-sources-idUKKBN28D10H

did some dummy buys - can't sell 1k though...

Not so sure. Its pretty clear that OPEC will continue with easing supply. I think that's a given.

I think we all expected pel29 not to get an immediate extension as currently there is an embargo on licensing extensions. 2d new info, so i guess that's why the price is coming up a tad.

However, i have heard talk of farm-outs and data rooms for years and years.

Today was actually a good day. Yes, it was heavily down at one point, but I was impressed by the support around 128 keeping us in the channel. There was a very strong finish and we remain flat. Not bad IMO.

Good news. In line with expectations, one would hope.

It's the hope that kills you...

Sdx is just tracking the sector. Lots of good moves in the last week or 2. Oil touching 45 and will be back over 50 soon imo.

A takeover would be nice, but too much selling for that in my view.

A little bit of increased activity. Firmly above the 200 day MA. Nice.

Assuming oil price doesn't collapse and they can get their creditors to cough up, this to me, looks like the best value stock around.

Yes, but it's going up nicely from 14P - this was 50p not so long ago!

I'm down over 50%!

Another point is Panmure would not give a valuation including PEL29 if they knew it was going to be relinquished. PEL29 is the star attraction ;-)

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This is actually a very good point Jim.

thanks, Jim!