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I said the balance of probability is that it won't be a disaster, so why would I buy covid stocks?
Shorting them might work, but I only say the balance of probability.
What I'm more certain about is that whatever this variant does, the world will be very reluctant to replay a shutdown of the economy with correspondingly low oil prices.
I thought the gentle selling response to omicron was basically proof of value. Now we're in a period of uncertainty and I don't think everyone's rushing to buy penny oil stocks given what covid did to oil prices last time, but the balance of probability is still that omicron won't be a complete disaster, though of course it could be.
I don't think there's any way to spin the protracted work on the well bore as positive, and I would assume that a lot of money has gone on this well so far so it is important. Most things that ceos or lse posters see as positives seem to have about a 1 in 5 chance of going right!
Production increase through miscible flooding underpins the future value of the company though.
Thinking about it, they have the gas now, and they've got the equipment. And the production is rising again. Everything I was concerned about has been ticked off, though I'd almost rather there wasn't the possibility of Nigeria or the discovery well, given that this market will punish any perceived negatives before it rewards the positives. But the core business is where it should be as far as I can tell.
Oil should not fall to the levels of last year, whatever this variant does, and it's still more likely that it won't be the threat it is hyped to be. If oil does go to those levels again, with another year of lockdown, then we are in an apocalyptic situation with this pandemic, and money may not help us.
Does anyone know what all these unknown trades are? Are they just market makers exchanging stock or what? Because we see them every day almost on this stock and they're for large amounts.
Is this a buyer or some facet of trading I'm not yet aware of?
https://www.worldometers.info/coronavirus/country/romania/
Recent currency weakness tracks Romania's latest covid wave, which is receding fast.
I don't really care about social media. A monthly update, yes, definitely.
This company puts a lot of effort into detailed quarterly investor presentations, but the problem is that aim is news driven, and the reason is because many companies do not do what they say they will do in the timescale they say they will do it, so investors here only respond to updates as progress is actually made, they don't assume things will be done as projected months beforehand in a presentation.
Fair. I think profits should be healthy, not spectacular because of the windfall tax. I do feel, with the covid situation easing in both locations, and the high gas and oil prices, lack of debt, organic opportunities, that apart from the declining gas field, everything is going for this company despite the problem with the Sancrai 2 well.
But there are aggressive companies that seem to be able to make things happen, and there are companies that despite the best laid plans, lack clout or drive or imagination or technical nous and just can't seem to. I would assume that the bod are aware of this perception of them, after several months without news, as belonging to the latter group, and how important it is that after this long hiatus, they prove themselves to be the kinds of people who underpromise, overdeliver, and not the kind of bod which makes very modest promises and fails to deliver them, and then fails to accelerate backup plans.
It's not just about gas prices and brokers valuations are pointless, worse than pointless. It's about dynamism and seizing opportunities and making things happen even in conditions which are less than ideal.
Some companies do seem to have a knack for this and markets recognise that.
All I can think is that this stock has tested the patience of long term or medium term investors and you're stuck with mostly opportunistic traders now, and they're going to ignore the fundamentals and keep trading it between shallow peaks until there's an absolutely incontrovertible shift in the companys fortunes.