Member Info for LONGWAIT

Still all buys?

Could you please explain about PVR?

They are not all buys

has not narrowed. It has been fluctuating.

Someone on another forum hasuggested fall in COP share price could be connected with this: http://www.arabianbusiness.com/the-galfar-corruption-case-is-just-tip-of-iceberg-534960.html

BTW, the Egyptian govt has finally started making payment of long-overdue monies to foreign oil cos and COP is in line for a payment. can't remember exactly how much, but it was > 20m

has risen by one-third in just ten days Wish I'd averaged down...

is now below five!

Yes. I agree. The political uncertainty - with ISIS causing terror everywhere - seems to have been dragging this share price down. I remember electricity companies' shares slumping because polls seemed to point to a certain victory for Labour in the 1992 General Election.

Starting to look as though it may have,

It seems to be that they are simply doing what we have been doing: bottom fishing. KB last bought at a much higher price and he reckons now the only way is up. Hope he is right this time.

Sorry, Mike: I saw the figure on another chat forum, where it was posted on 4 Sept. It was a poster's summary of an interview with KB. Highlights were: 1. Production now 150-200bopd 2. First year only 5% royalties 3. Looking to exit the year at 500bopd 4. Looking to produce 3000 - 5000bopd from Alberta within 5 years. 5. Long term target is 30,000bopd Obviously, 'LTT' here means rather more than five years and rather longer than you had in mind!

Not sure now where I saw it, but KB was quoted as saying that in the long-run he would like to see NOP producing 30k (assuming my recollection is correct) and someone - I think on this forum - asked where they would come from.

I have to say I feel these are not helpful. Analysts had TPs of close to 200p for London Mining and it is now in receivership. BTW, posters on that forum have lost a lot of money on it and I have actually been insulted on it soon after starting posting there. All you can say is that if NOP continues to make progress, then it should now be near the bottom if not already having bottomed out and that if the target of 30,000 barrels per day were achieved, then the share price would be a lot higher.

I have just noticed that you deliberately misspelled my username in order to insult me. It says something about this forum.

Thank you for the warm welcome. It seems you choose to welcome comments from people who have lost money, but not the ones who had such doubts that they were lucky enough to stay out of the market. It says something about people on this forum that when a poster says that he didn't buy a share, he is not even believed. It so happens that I did buy Blinkx, averaged down and later sold the lot for a loss of 40%. I suppose now you're going to say that I did not buy it and am making it up!

Sorry you didn't like my post. I have been following this share and this thread for a long time and only recently registered. i decided finally to have my say. I don't agree with your comparison. Going to the pub would have been considerably less costly than the £12,000 one poster has lost on this share.

I've made a lot of mistakes, but I didn't buy this one. I was tempted at 100p and again at 28.5, from which price it doubled, but finally decided it was not worth it because of the company's debt burden. I think it was this company about which another poster wrote: 'Share price moving up nicely,' when so many posters still had high hopes. Share prices always have nice upward movements on the way to oblivion.

' Btw, they're looking at 500-650bbls/d.' Where does that information come from?

It may be that the share price has bottomed out, but, as it has been in a bear market for a long time, I would not be surprised to see it make a new low. What I would like to see is a calculation to show why, if the company produces 500 barrels per day, that means that the shares price is cheap. No one is disputing that it would signal a recovery in the company’s fortunes, but why would that make the share price cheap now?