The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Also - it's good to see that IOG isn't getting ramped by the usual twitter crew. Unappealing being in a share when that starts.
.... to the French monastery paying dividends I see. The things I do for you lot. Steady as she goes of course, if DegsyAlmond shows up we'll know we're in trouble.
....and maybe the conclusion of the usual contract kicking session which occurs after an offshore problem!
(apologies to anyone holding) but I thought UKOG's CPR today showing a whopping 85k bbls of 2P resource was amazing. IOG has approaching 100x the volume ref. 2P assets. A good reminder of the irrationality of markets. Normally value outs though! Think the pig re-run is likely waiting on either the Pelican or Eagle becoming available from their current scopes.
Tale.of two halves Ted. As a subsea guy, imo only, the pipeline looks sound and I think it % wise very unlikely that the IPP re-run will find anything given the succesful pressure tests and coupons recovered onshore. So the first physical evidence that this line is good. IPP re-run is tiresome no doubt, have seen battery pack issues with these things before but not sure if that's the tech issue here. The market is a strange beast!
Peakview - the market moves when there's more weight on either the buy/sell side forcing the price to either shift up to encourage sellers (to match buyers) or to shift down to encourage buyers (to match sellers). Every buy needs to have a corresponding sell (or range of sells to make up the total) else the shares bought have appeared from the ether rather than the finite pool of shares (ignoring the nonsense that the stock market really is of course....) Far more interestingly - I see that the Seven Pelican is now safely tucked up back in Peterhead so imagine testing must be complete.... Friday's action just a total coincidence!! :D
Inferno - I think crossed wires maybe. In my world slippage means a delay but I think you mean slippage as in there's been a leak of the testing results?
Inferno, I'm struggling to follow your logic. 1) you think the results will be delayed 2) you think they will likely be good 3) the combination of (1) and (2) leads to buys? Jdosso - you're excitable! The buy/sell conundrum that people toil about on message boards is such a red herring. For someone to buy their has to be someone selling and vice versa. The only important thing is that 1) there was large volume, and 2) there was clear demand to trade shares at a higher price than we've seen for quite a while. Personally I reckon that there's information available to some, but not yet the market, that's driven the price. Totally bent of course but it's the same across all markets. And BH have taken advantage of that surge in volume to sell down a lot (the remainder?) of their equity... Regardless of what selling "rules" they are tied to.
Well, they couldn't all be BH as of course they (i.e. their broker) would never not adhere to the agreement to not sell more than 1/4 of their shares in a quarter (chuckle). Regardless, "something" definitely happened yesterday / recently to generate such mammoth volume. Not sure we'll find out on Monday (too obvious?) but won't be too long I imagine.
FLABSTER!! The wanderer returns! Have you been in France too? How many chances is that you've had to sell in a profit now? You really need to up your game. It's probably Mark Routh's fault though.
I've successfully returned from my pilgrimage! Who knew that the monks of Lerins Abbey would be so welcoming of a Natural Gas seeking Scotsman.. Maybe something to do with their homemade wine? I'm waiting on a final response from "il papa" re. my findings but I'll be sure to share with all in due course. The Conoco aspect certainly brings an interesting dynamic. Both in the potential availability of their assets (subject to IOG being interested, having the � to buy (unless a Serica/BP type deal where the purchase is primarily funded by the seller an then paid back vie revenue) and re. what happens to others fields which export via current Conoco infrastructure. Then there's those fields that would be potential developments but may become stranded if the Theddlethorpe route is no longer available - IOG do have a SNS commercial function whose background surrounds tariff negotiations etc. Still all about the pipeline integrity and then FID of course (maybe with a sprinkle of Harvey drill thrown in). Seven Pelican still doing its work out in the field. Should be an interesting few months.
Dunderhead - you're lucky to have caught me reading the message board. I'm en route to a remote monastery in rural France where I've heard that apparitions of an unmanned gas hub have appeared before locals. Sort of like stigmata but with methane. I'll report back my findings subject to 3G connection.
Tongue in cheek? As if. I was just trying to convey my gratitude to the late night Drive-by posts that bring such enlightenment to us all. Fantastic and I truly can't wait for the additional contributions that we'll undoubtedly get over the coming weeks. Riveting stuff. That's me off to church to pray for devine intervention as that's the only hope we've got. GLA though. GLA.
Blimey - not only are IOG shortly going to dilute us into oblivion, LOG are also going to steal all the equity upside (that's already been diluted to oblivion). It truly is a disastrous scenario unfolding before us. I may have to find god soon as surely only devine intervention can save us. GLA though.
Early June for the initial pipeline testing results. Excluding anything unexpected obviously, outcome of licensing round.
Likely popped in for some Cornettos given the recent clement weather... It's warm work out on the back deck.
I see that the Pelican is heading back into port. Maybe it's the crew... I jest I jest, something like that would never happen. I don't genuinely think it's the crew by the way.... maybe the Captain though. :D
Another drive-by from pijoe1212. Better than the last time where I think LOG had 80% though, we needed 5x the MCap then!! :D Only 3 months until we'll all find out how we've all been destroyed with an equity raise. See you in August?