Yes. I've now seen his reaction to the news. I suppose that's about as close as someone like him could come to admitting that he was wrong. I would like to think that when I reported his most egregious post, in which he urged everyone to sell at any price, I saved some naive investors some money. Maybe he should spend more time licking lift buttons or walking down the street in flippers.
RE: Don't think a new oil find will save you all22 Jul 2019 09:13
Just in case any newbie here is inclined to believe anything posted by a know-all called TriggerSaysDave, who in a previous incarnation played the seer in Up Pompeii: In April, he predicted that JOG would fall to 30p and in desperation issue new shares. Last week, he predicted that JOG would be bust within the year. The price is now 117.5p, with 60p per share in cash. His reaction to today's excellent company news: 'Please dont get left holding the baby today if there is a spike. Just count to 10 and look around at the much better alternatives out there.' It would, of course, be asking too much for a doomster like him to admit he was wrong, let alone apologise. As I said, JOG, like many AIM oil stocks, is undervalued. Best way to make money on AIM is to do the opposite of what people like TSD tell you to do.
You could say that Schlumberger is the elephant in the room, invisible to our regular 'lost all hope'rs.
I did previously suggest that Schlumberger's involvement suggested that SOU wasn't the only party that believed there was gas to be found, but was shot down with a 'Schlumberger just did it for money' retort.
The fact is that the internet is the main vehicle for the promotion of conspiracy theories and this one is one of the wackiest I've seen: 'all the SOU directors pretended that they thought there was gas in Tendrara; Schlumberger went along with the pretence for money; JP is pretending to be trying to sell Tendrara so that he can drag things out and collect more salary (while he takes a salary cut); Rothschild think Tendrara is worthless but are pretending otherwise for money.'
The following thought occurs to me: if all the posters who are convinced that SOU's share of Tendrara is worth no more than ££100m are right, then why haven't Schlumberger joined in the sale and tried to get the £58m supposed maximum for their share?
After all, according to the posters, there isn't anything in Tendrara worth drilling, so why don't Schlumberger get rid of their share while they have the chance?