Member Info for LONGWAIT

Someone on the HUR page here tipped SQZ at 23 p.

When it had risen to 28 p, I decided to buy it heavily, but chickened out.

It was on a derisory P/E ratio - something like 2!

In the end, the cheapest I could buy it for was 56, and now it's 133.

I'm sure when it was 23, there would have been posters cautioning 'the share price is low for a reason,' 'it's risky because it has only one producing well,' 'if it is so cheap, why aren't the institutions buying?' ' don't get sucked in,' etc.

Fortune favors the brave...

Richard was founder and executive chairman of the Evolution Group PLC, a diversified financial group, taking it from start up to FTSE 250 membership within 5 years.

http://www.sarossaplc.com/content/board/board.asp

And as one market sage observes: “You wouldn’t want to be a buyer if Woodford or Griffiths were sellers.”

https://www.ft.com/content/f03a37f6-e4ea-11e4-8b61-00144feab7de

The share price is bombed out and has probably bottomed out.

The upside obviously now outweighs the downside and that is why there is a one million pounds buy and also why a certain poster has gone silent.

He must be trying to think of a way of portraying Griffiths as a sucker, without causing everyone to fall about laughing.

The share price is bombed out and has probably bottomed out.

The upside obviously now outweighs the upside and that is why there is a one million pounds buy and also why a certain poster has gone silent.

He must be trying to think of a way of portraying Griffiths as a sucker, without causing everyone to fall about laughing.

Miss Dosh beat you to it!

At least we have further signs of a possible bottoming of the share price.

If I am wrong, you will know soon enough, as a certain poster will have his blood lust reawakened.

I'm all in favor of your 400 p per share offer, Ajax, as after my averaging down I would get close to 200 percent profit, rather than slightly more than 100 percent.

I'm not happy, either.

You may be right about the company having made mistakes, but AIM share prices are notoriously volatile.

I don't think they should be taken as a reliable indicator either of a company's health or prospects.

I try to take advantage of price slumps to add to my holdings, on the assumption that there is nothing seriously wrong.

It's not always easy, though, to make that assumption.

I'm now happy, either.

You may be right about the company having made mistakes, but AIM share prices are notoriously volatile.

I don't think they should be taken as as a reliable indicator either of a company's health or prospects.

I try to take advantage of price slumps to add to my holdings, on the assumption that there is nothing seriously wrong.

It's not always easy, though, to make that assumption.

Wolfson, your post at 21:42 reminds me of posts on SOU when they started drilling TE-10.

Posters were saying it was obvious that TE-10 was a duster and they should stop wasting money on drilling, sell the company, and put us out of our misery.

Initial reports suggest TE-10 is not a duster, although we are awaiting a further RNS.

The successful companies, like successful investors, are the ones who don't give up.

I agree, Jarrovian, that it is difficult to imagine someone bidding pounds per share when the price is now barely 19 p, but if the results justify it and a bidding war starts, there is nothing to stop it from happening.

There is no upward limit to the share price.

Patience is a virtue, for long-term holders

Companies, and significantly their valuations, can endure a malaise as they transition from big bang exploration driller to field developer and eventually a fully-fledged producer.

Potential for takeover or partial sale lurks in the background

Evidently, Hurricane is a rare dual-thread opportunity for investors.

With the Spirit-funded drill programme and the pending delivery of the Lancaster EPS, the company perhaps offers a ‘best of both’ proposition.

The remainder of 2019 represents a busy period with huge value creation possibilities – whichever way you like your oil investments.

If neither narrative suits, there’s still the ever-lurking prospect of a big money takeover.

The chances of a company like Hurricane being snapped up by a much larger oil company is rarely at the forefront of discussion, but it is probably more than simply a vague possibility.

On paper, Hurricane’s portfolio holds an already very significant endowment of resources - the combined figure for reserves and resources is pitched at around 3.3bn barrels of crude.

These barrels may be ‘upgraded’ and additional resource barrels may be added through continuing drilling.

Whilst oil majors have been selling off their smaller or older assets in UK offshore, there has notably been an uptick in mergers and acquisition activity – in the industry generally, and, to some extent in the UK specifically.

Correction, Ajax - mega-muffins!

The thing that has always worried me about Malcy's recommendations is that he recommended LOGP when it was above 40 p, saying it was extremely undervalued, and it fell to 0.47 p.

It is now back above 2 p, and I think it is very undervalued now, but a fall of 98 per cent is not impressive.

I don't think He is a con man

but I think he doesn't know much more than we do

I share your frustration, Dr Jenner.

My average is just under 44.

I bought a modest amount yesterday, but have already more than I feel comfortable with.

I ask again, is it really believable - with what we know about TE-5 and TE-7 - that the company will be sold for 18 p per share?

Maybe the share price has bottomed

'dead duck ... until they find the oil...' ??

... after which, I suggest they rename the company Lazarus OH and Gas

Maybe the shares are being accumulated and we will hear of a holding in due course.